Crunchfish: Clearing the books in preparation for breakthrough in 2024 - Emergers
In line with the already communicated ambition to divest its Gesture Interaction business, Crunchfish decided to write down all GI-related IP to zero, along with all Digital Cash IP not related to offline payments, in a total impairment of SEK 18m. With the Digital Cash protector, Crunchfish now aims for some central integration for improved security of existing Digital Cash offers, ideally at a central level in UPI Lite X, which would mean a significant breakthrough into the Indian payment ecosystem. While the investment case remains somewhat binary, we continue to find support for a fair value of SEK 13-16 per share.
Länk till analysen i sin helhet: https://www.emergers.se/crunchfish_p24/