Verisec: Changing its stripes - DNB

Verisec continues to demonstrate early success in building its Freja eID ecosystem, which is set to benefit from continued digitalisation tailwinds accelerated by Covid-19 and an increasingly eID-focused organisation. However, we await further signs that it can successfully monetise its ecosystem into paying customers, and have thus cut our 2020–2022e sales by 24%, and our fair value to SEK60–110 (70–110).

https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_160920.pdf

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