Redeye Update: Heliospectra: Ready, set, grow!
Net sales for Q4 came in at SEK 6. 9m (SEK 7. 6m) resulting in full-year sales of SEK 23. 1m (SEK 13.
7m), which corresponds to a (Y/Y) growth of 68%. Reported EBIT for Q4 was SEK -12. 4m (SEK -9.
9m). With a strengthened balance sheet, targeted sales and marketing activities we believe that Heliospectra is well-positioned for future growth. Heliospectra’s share is currently trading around SEK 6.
4 per share. Our estimated fair value is SEK 7. 4 per share in our base case, SEK 2 in our bear case and SEK 13.
8 in our bull case which ultimately results in a fair value range of SEK 2 – 13. 8 per share.