Crunchfish

Emergers initiate equity analysis on Crunchfish

 

Emergers have published an equity analysis on Crunchfish titled “The most interesting fintech rollout since iZettle.” The model emphasises Crunchfish’s Digital Cash platform, which enables offline payments as an extension of any payment system regardless of type of payment rail. The fair value range is outlined at SEK 48-63 per share over 12-24 months.

 

 

As a service to the company’s shareholders and to increase transparency, Crunchfish have commissioned Emergers to conduct analysis of the company. The analysis includes an independent review of the company, markets, products, and competitors, as well as a discounted analysis of a financial forecast of free cash flow that serves as a basis for a fair value range of the company’s market cap.

 

In the analysis, Emergers write: “With the rise of digital cash, the shift to online has created a gap for users with poor or no connectivity, forcing emerging markets’ Central Banks, commercial banks and payment service providers to scramble for solutions. With a digital payment platform covering the whole spectrum of the ecosystem and an ongoing pilot with India’s largest bank (>60 million customers), Crunchfish now looks to rollout their digital cash solution globally. Estimating 50 million users in 2025 and a per-app-user fee structure, we find support for a fair value range of SEK 48-63 per share in 12-24 months.”

 

Emergers initial equity analysis is attached and will also be available on Emergers and Crunchfish’s websites.

 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 24 January 2023 at 11:50 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

 

 

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish partner with SpectreXR for interaction with virtual objects

Crunchfish and SpectreXR have signed evaluation agreements for each other’s software products to enable a joint offering to the AR/VR market. Crunchfish’s XR Skeleton products integrated with OctoXR from SpectreXR makes it is possible to enable any AR/VR device with a powerful object interaction solution in a very short time.

Crunchfish’s XR Skeleton has successfully been integrated into SpectreXR’s OctoXR product to showcase gesture interaction with virtual objects. One of the most exciting things about using hands in AR/VR is enabling users to interact with the virtual world like in real life. The core of this is the ability to grab and manipulate objects, which require both a robust hand tracking technology as well as interaction components that enable all the dynamics and physics behind virtual objects. A joint solution by Crunchfish and SpectreXR will significantly reduce the time to develop interactive AR/VR software systems and apps.

Crunchfish XR Skeleton provides hand tracking capabilities to AR/VR devices by analysing the image stream from the camera sensor(s) and then tracking 21 points on each hand with high precision. These 42 coordinates are then used to enable interaction with virtual objects.

It is very complex to design and develop virtual objects in AR/VR. The objects appear in three dimensions and also need to look and feel as realistic as in real life, which requires advanced software and very specific skills.

SpectreXR are specialists in developing and creating new and innovative solutions across multiple platforms using XR technologies. The flagship product OctoXR, includes a library of interaction components that are modular, composable and scalable, that can be integrated into existing architectures or run standalone.

“One of our most important long-term goals has always been to bring OctoXR into AR technology and when Crunchfish introduced their XR Skeleton we knew that this integration is a big step towards that. Bringing hand interactions into AR is a significant milestone and we are happy that it will add extra value to our present and future users and projects”, says Ivan Rajkovic, CEO at SpectreXR.

“I was very impressed by how fast XR Skeleton could be integrated into OctoXR and get to a working demo. The combination of Crunchfish’s XR Skeleton and OctoXR enables a powerful solution that may shorten the time to market for many of our customers”, says Joakim Nydemark, CEO at Crunchfish Gesture Interaction.

For more information, please contact:
Joakim Nydemark, CEO of Crunchfish Gesture Interaction AB
+46 706 35 16 09
Joakim.nydemark@crunchfish.com

The information was provided by the contact person above for publication on 15 December 2022 at 08:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com/gestures
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

About SpectreXR – https://spectrexr.io
SpectreXR is a startup company that specializes in developing advanced virtual, augmented, and mixed-reality solutions. The main focus is on bringing realistic real-world hand interactions into AR/VR to maximize the effect of next-level immersive experiences.

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Strong interest in Crunchfish incentive programme 2022/2026

On 18 May 2022, the Annual General Meeting of Crunchfish AB (“Crunchfish” or the “Company”) resolved on an incentive programme consisting of warrants of series TO2022/2026 for employees and key resources of the Company. The interest in the incentive programme was strong and employees and key employees have subscribed for 647,500 warrants at a subscription price of SEK 2.18 per warrant.

 

 

At the Annual General Meeting on 18 May 2022, it was resolved to enable the Board of Directors to offer employees and key resources of Crunchfish incentive programme of a maximum of 1,000,000 warrants during the period until next year’s Annual General Meeting.

 

On 29 November 2022, 647,500 warrants have been acquired by employees and key resources at a market price of SEK 2.18 each, calculated by an independent valuer, using the Black & Scholes valuation model. The holders of these warrants shall pay a total of SEK 1,411,550 to Crunchfish during December 2022. The 2022/2026 warrant entitles the holder to subscribe for one Crunchfish share for SEK 35.49 during the month of June 2026.

 

For further information on the incentive programme, see the notice of the Annual General Meeting and the full proposals published on the Crunchfish website: https://www.crunchfish.com.

 

 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

 

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish live presentation at Stora Aktiedagen Stockholm

Crunchfish presentation at Stora Aktiedagen Stockholm on the theme “Big deals are coming” is now available. Joachim Samuelsson, Group CEO of Crunchfish, answers the questions; Why do we depend on the net to pay? How can a computer understand gestures? And Why invest in Crunchfish?

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Crunchfish presentation – Big deals are coming – from Stora Aktiedagen Stockholm is now available via this link

 

Västra Hamnen Corporate Finance Investerardagen

Crunchfish will present the same presentation in English at the Västra Hamnen Corporate Finance Investor Day on Friday 2 December at 14:30 CET.

 

Follow the link below to register for the event

Investerardagen-2-december-2022

 

Crunchfish presentation will be webcast live. The live broadcast will be available at

https://www.vhcorp.se/

 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

 

 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

 

 

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Interview with CEO Joachim Samuelsson about pivotal mobile telecom partnership for Africa

Crunchfish AB (“Crunchfish”) publishes an interview with CEO Joachim Samuelsson about the new pivotal mobile telecom partnership for Africa.

 

 

Crunchfish announced in the press release https://news.cision.com/crunchfish/r/crunchfish-join-pivotal-mobile-telecom-partnership-for-africa,c3671838 that the company joined a new pivotal partnership to enable mobile operations and services in Africa with financing, telecom network infrastructure and disruptive technologies using an Anything-as-a-service mindset.

 

Today, Crunchfish published an interview with CEO Joachim Samuelsson about the new partnership. The interview is available via this link.

 

Crunchfish’s partners Socio and Eferio Communications are participating today at the Nordic innovative digital solutions in Africa conference. Read more about the event via this link.

 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

 

 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

 

 

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Västra Hamnen Corporate Finance publishes an updated equity analysis on Crunchfish

Västra Hamnen Corporate Finance has published an updated equity analysis on Crunchfish titled “Fishing for bigger deals”. The model has been reworked to include the Gesture Interaction order from OPPO and Crunchfish is formally approved for the RBI’s regulatory sandbox. The share price interval of 41.60 SEK – 66.20 SEK is unchanged.

 

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As a service to the company’s shareholders and to increase transparency, Crunchfish has commissioned Västra Hamnen to conduct analysis of the company. The analysis includes an independent review of the company, markets, products, and competitors, as well as a financial scenario that serves as a basis for a discounted cash flow estimation of the company’s market cap.

 

In the analysis, Västra Hamnen writes: “Crunchfish reported a stronger net result than expected in Q3, largely because of a substantial upfront payment within the Gesture Interaction business area. The development in this segment has continuously showcased technological improvement and implementation in the AR/VR market. Within Digital Cash, Crunchfish released their new improved version Digital Cash 1.3 and received final approval for the Reserve bank of India’s regulatory sandbox which is expected to start in December 2022.”

 

The analysis states an unchanged share price interval according to the DCF model of 41.60 SEK – 66.20 SEK per share. The analysis is attached and available on Västra Hamnen’s and Crunchfish’s websites.

 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

 

This information was provided by the contact person above for publication on 21 November 2022 at 10:30 CET.

 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

 

 

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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