Edison Investment Research - Wifog Holding AB (FORE) Arcane Crypto - Gradually making progress on its agenda

Report

Edison Investment Research

Richard Williamson

Arcane Crypto - Gradually making progress on its agenda

Arcane Crypto and its early-stage portfolio companies continue to make progress (at different speeds) on developing their core products, several of which will be offered on a single platform backed by a unified, cloud-based tech framework. The company plans to enter the bitcoin (BTC) mining business (powered by renewable energy), which we see as promising given the Chinese ban on crypto mining. It raised SEK61.1m in equity in August 2021 to finance this project and management expects that it will allow the group to become cash flow positive from end-2021.

07/09/2021 1 EN

Underlying

Wifog Holding AB

Wifog Holding AB (publ), formerly Forestlight Entertainment AB, is a Sweden-based company active within the mobile technology industry. The Company operates as a provider of platform for earning points by watching commercials, get rebates when shop online, participate in surveys and solicit friends. The points can then be used to reduce mobile service expenses, buy movie tickets, gift cards and donate for charity. Users can install the Company's application Wifog Photosmart to their Internet browser and redeem the points while shop online. The Company operates through subsidiary Wifog AB. The Company cooperates with various online shops, such as Baby shop, Gastrofy, Nelly, Dustin Home, among others.

See profile

SE0007614722 Nasdaq Nordic Stockholm Sweden

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Analysts

Richard Williamson

Other Reports on these Companies

Edison Investment Research

Arcane Crypto - Termination of coverage

Edison Investment Research is terminating coverage on Steakholder Foods (formerly known as MeaTech) (MITC), Mesoblast (MSB), Bluglass (BLG), InMed Pharmaceuticals (INM), Onxeo (ONXEO), Arcane Crypto (ARCANE) and Aberdeen Diversified Income and Growth Trust (ADIG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

September 1, 2022 September 1, 2022 1 EN

Edison Investment Research

Arcane Crypto - Building a trusted gateway to digital assets

Arcane Crypto continues to build its unified platform as a single access point to several proprietary digital asset solutions. It targets family offices and high net-worth individuals (HNWIs), two groups that it believes are underserved by traditional private banks and wealth managers in terms of access to the crypto ecosystem. Meanwhile, its Q122 results were affected by the muted activity in the digital asset markets (Kaupang, LN Markets), and high electricity prices in Southern Norway (Arcane Green Data).

June 13, 2022 June 13, 2022 1 EN

Edison Investment Research

Arcane Crypto - Crypto trading volumes picked up in Q421

In Q421 Arcane Crypto reduced its EBITDA loss to SEK3.4m from SEK10.4m in Q420, on the back of higher trading volumes and the gross margin of its crypto broker Kaupang Krypto, as well as the launch of bitcoin (BTC) mining in October 2021. The latter is now fully ramped up after deployment of the second batch of miners in Q122. These operations generated a robust average gross margin of 65% in Q421. However, the subsequent BTC price decline from its all-time high in November 2021, coupled with high electricity prices in Norway, means Arcane Crypto now expects to be close to cash flow neutral in...

March 16, 2022 March 16, 2022 1 EN

Accsys Technologies - Upgrading guidance for the full year

Accsys Technologies had a strong H125 with a return to revenue growth and gross margin exceeding its target of 30%. Adjusted EBITDA improved on the back of better than expected volume growth from the plant in Arnhem. The company has simplified and de-risked the group through the successful start-up of the plant in the United States and the decision to discontinue the project in Hull. After the good start of the year, Accsys increased guidance for the full year, with underlying profitability expected to improve in H2 as Accoya USA continues to ramp up.

15h / 58m 15h / 58m 1 EN

Kate Heseltine

Kate Heseltine

Topps Tiles - Market outperformance again in FY24

Topps Tiles (TPT) has reported a good profit outturn for FY24, ahead of our prior expectations, which is encouraging in the context of the challenging external environment. Management believes the overall revenue decline of 5% means TPT has once again outperformed the market that it estimates to have declined by 10–15%. TPT has made good early progress on the key growth areas under its recently announced Mission 365 strategy, which are expected to drive the bulk of the growth in the medium term. With respect to the outlook for FY25, TPT has returned to positive revenue growth in the first eigh...

17h / 18m 17h / 18m 1 EN

Toby Thorrington

Toby Thorrington

Nabaltec - Resilience and margin expansion

Nabaltec recorded revenue growth across the group of 1.5% y-o-y to €158.2m at 9M24, with sales volumes increasing 7.9% y-o-y despite selling prices falling. Functional Fillers revenue grew by 3.8% y-o-y to €114.1m due to strong demand for its viscosity optimised and fine precipitated aluminium hydroxides. Speciality Alumina revenue, however, decreased 4.1% y-o-y, partially offsetting group revenue growth due to a lack of impetus for reactive alumina in the wider market. Group EBIT grew 28.2% y-o-y to €16.8m (10.3% margin), due to higher capacity utilisation and lower costs of materials, energy...

November 25, 2024 November 25, 2024 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Arcane Crypto - Gradually making progress on its agenda

Arcane Crypto - Termination of coverage

Arcane Crypto - Building a trusted gateway to digital assets

Arcane Crypto - Crypto trading volumes picked up in Q421

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe