Zwipe Q2 2023: No sales and elevated cash burn - Redeye

Redeye thinks the Q2 report from Zwipe was significantly weaker than our estimates with zero revenues and an elevated cash burn. While the cash burn is set to decrease in the coming quarters we now believe equity investors must be prepared for another equity issue within the next twelve months to fund the continued development of the group. The bright spots in the report were the first commercial launch for Zwipe Pay and that the first commercial volumes for Zwipe Access is likely to come in the second half of 2023.

Länk till analysen i sin helhet: https://www.redeye.se/research/937694/zwipe-q2-2023-no-sales-and-elevated-cash-burn?utm_source=finwire&utm_medium=RSS