Paynova Q3: breakeven is pushed forward
Research Note
2016-11-10
12:51
Paynova reported a Q3-result below our expectations with a revenue of SEK 7.4 million (expected SEK 11.8 million). EBIT was a lot weaker than expected due to depreciation and amortization of SEK -4.1 million, however SEK -3.6 million of this cost is non- recurring. EBIT was in total SEK -6.0 million. The CEO’s comments tells us that breakeven can be reached first in the beginning of next year. We will lower our estimates due to the revenue boost seems to take longer time than expected.
TO
Tomas Otterbeck
Disclosures and disclaimers