Agtira: Bulking up for an eventful 2024 - Emergers

With the upcoming 88% guaranteed SEK 80m rights issue, plus SEK 23m in credit, Agtira is gearing up to accelerate roll-out in 2024. Several high value firm deals are on track to be operational by H2’24, indicating ARR of SEK 97m. This suggests that next year will be crucial for testing the profitability of the company’s Farming-as-a-Service business model on a large scale. While the future looks bright, the dilution from the upcoming rights issue affects our fair value range, and we now find support post a fully subscribed issue for a range of SEK 14-16 per share (SEK 23-29).

Länk till analysen i sin helhet: https://www.emergers.se/agtira_p/