With the communicated revenue of GBP 4.8 million (4.08) we estimate an EBITDA of GBP -0.13 million (-0.24). For the full financial year, we estimate revenue of GBP 21.22 million (18.37) with an EBITDA of GBP -0.4 million (-0.83).
At this point, we do not change our estimated growth trajectory in the following years or our gross margin assumptions. We estimate the higher revenue levels during the financial year 2021 and 2022 will generate a stronger EBITDA upswing. With our updated estimates we also project a stronger EBIT in the financial year 2022 of GBP 1.13 million (0.19).
As we previously communicated the stronger than expected gross margins and growth is of course good news for the financial case in Flexion Mobile. The even stronger than expected growth make us increase our base case to SEK 15 per share (13). No changes have been done in our fair value range.
Original Post: Redeye