KBC Securities - ONWARD MEDICAL NV (ONWD) Onward Medical FIRST LOOK: Entering the BCI arena

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KBC Securities

Thomas Vranken

Onward Medical FIRST LOOK: Entering the BCI arena

Onward announced a license agreement with the French research institute CEA for exclusive rights to Clinatec's WIMAGINE BCI. Onward already collaborated with Clinatec for several years, and now brings the technology inhouse for further development. We see the move as a solid step forward given WIMAGINE's established safety profile, long-lasting signal stability and proven compatibility with Onward's ARC-IM technology. We reiterate our € 9.3 TP and Buy rating, as we look out for the anticipated FDA approval of Onward's first device ARC-EX by YE24.

15/10/2024 1 EN

Underlying

ONWARD MEDICAL NV

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NL0015000HT4 Euronext Brussels Netherlands

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Vranken

Other Reports on these Companies

KBC Securities

Morning Notes : ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

: ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

7h / 32m 7h / 32m 1 EN

GlobeNewsWire

ONWARD® Medical Signs Agreement with CEA for Exclusive Rights to Clinatec’s WIMAGINE® Brain-Computer Interface (BCI) Technology

ONWARD® Medical Signs Agreement with CEA for Exclusive Rights to Clinatec’s WIMAGINE® Brain-Computer Interface (BCI) Technology THIS PRESS RELEASE CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE (7)(1) OF THE EUROPEAN MARKET ABUSE REGULATION (596/2014) Company secures exclusive rights to incorporate the WIMAGINE BCI into its ARC-BCI™ System WIMAGINE BCI has 7-year human safety data Deal provides opportunity for ONWARD to be first-to-market with a BCI-enabled system to restore thought-driven movement after paralysis EINDHOVEN, the Netherlands, Oct. 15, 2024 (GLOBE NEWSWIRE)...

8h / 57m 8h / 57m 1 EN

Morning Notes : ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

: ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

7h / 32m 7h / 32m 1 EN

Wim Lewi

Wim Lewi

Fastned 3Q24 trading update, Gross margin shows pricing power

3Q24 trading update confirmed the trends from 1H24. Sales growth of 44.0% to EUR 21.9m is below our expectation, but gross margin came above our expectation at 82.6% to EUR 18.1m million. 1H24 GM% stood at 73%. The GM% acceleration should be a relief as competition remains fierce, but their focus on high traffic locations shows pricing power. With 326 operational stations, Fastned is on track for its outlook of 335-350 stations FY24-end. That is just below our 352 expectation. Fastned predicts 420-450 stations by FY25-end vs. our expectation of 417. The 3Q24 presentation zoomed in on the “...

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Sharad Kumar S.P

Holdings Report - September 2024 Exor Added To The KBC Securities Holdings Universe

1M Performance - Absolute: During Sept'24 (1M period), the KBCS Holdings Universe posted a return of -0.2% which was mainly driven by multi-asset holdings (-1.2%) while single-asset holdings posted a positive return of 2.0%. The 3 top performers during the period were Sofina (+15.3%), Financière de Tubize (+8.4%), and Brederode (+7.2%) while the 3 worst performers were Exor (-4.4%), Compagnie du Bois Sauvage (-5.5%), and D'Ieteren Group (-7.2%). YTD Performance - Relative: On a YTD basis (as of Sept'24 end), the KBCS Holdings Universe returned +4.7% mainly driven by multi-asset holdings (+6....

7h / 56m 7h / 56m 1 EN

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Onward Medical FIRST LOOK: Entering the BCI arena

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

ONWARD® Medical Signs Agreement with CEA for Exclusive Rights to Clinatec’s WIMAGINE® Brain-Computer Interface (BCI) Technology

Morning Notes : ABN NA, IVA FP, MAAT FP, ALFEN NA, ONWD BB, FAST NA

Fastned 3Q24 trading update, Gross margin shows pricing power

Holdings Report - September 2024 Exor Added To The KBC Securities Holdings Universe

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