I don’t think the Q4 numbers were what the market didn’t like, just that outlook. I picked this up from Finwire (translated from Swedish):
The company guides for revenues of 170-180 million euros in 2024, compared to the Factset consensus of 194 million. In 2023, revenue was 173 million.
Results for the fourth quarter were largely in line with consensus expectations. Partner results and launches were lower than expected, writes investment bank Jefferies in a comment.
Jefferies, which has a buy rating on the stock, sees a turnaround in the earnings curve in the second half of 2024 based on a growing string of new contracts.
There was also that news that the cooperation with Penn continues, but the market didn’t seem to care about it. In my opinion, they made a mistake by releasing that news before the report.
Anyway… I also have a small holding (-40%), no point in selling anymore.
Does anyone have an EPS or FCF forecast for this year?