In this equity report on Fastout analyst Henrik Sundström evaluates the possibilities of profitability in the near term future. Analyst Sundström pinpoints that the drone-niched company has to increase the sales rapidly to carry the cost-burden it currently experiences.
- VR- market in the real estate business is estimated to grow at a CAGR of 13 %. This is believed to fuel rapid growth for Fastout
- An agreement with 10 out of the 12 largest real-estate agencies in Sweden in combination with an exclusive company deal to fly drones creates large entry barriers for competitors.
- Fastout is yet to become profitable, if this does not happen in the near term future, a burnrate of 9 MSEK will most likely lead to an issue of new shares in the second quarter.
- The report is written in Swedish.
To read the full report, click on the image below