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Physitrack: Short-term challenges - Redeye

Redeye provides updated estimates and valuation following Physitrack’s Q2 report. As anticipated, the quarter was softer, reflecting the impact of the strategic shift away from one-time upfront revenue, which dampened growth. Additionally, the cost base remains front-loaded in preparation for Champion Health’s upcoming market expansion. However, the launch is expected to drive growth in the year's second half. Our new fair value range is SEK9-72 (SEK9-75) with a Base case of SEK30 (35).

Redeye provides updated estimates and valuation following Physitrack’s Q2 report. As anticipated, the quarter was softer, reflecting the impact of the strategic shift away from one-time upfront revenue, which dampened growth. Additionally, the cost base remains front-loaded in preparation for Champion Health’s upcoming market expansion. However, the launch is expected to drive growth in the year's second half. Our new fair value range is SEK9-72 (SEK9-75) with a Base case of SEK30 (35).
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