Bonzun: Six deals to date validate scale-up with municipalities for DTx service Evolve - Emergers

On the back of the framework agreement with the Swedish Security Council (TRR) for Bonzun’s digital CBT service Evolve signed in Q4’22, Bonzun has now announced its sixth deal with a Swedish municipality to date. This validates the adjustment of business focus, balance sheet and costs concluded in 2022, and supports our expectation of a doubling of revenues in 2023 and again in 2024 before positive cash flow in 2025. We thus see continued support for a fair value of 0.5-0.7 SEK per share in 12-24 month.

Länk till analysen i sin helhet: https://www.emergers.se/bonzun_c2