OptiCept signs agreement within OliveCept and communicates breakthrough order for solid foods
OptiCept has announced two significant orders within its FoodTech business area, one concerning OliveCept and another major order from its partner FPS for solid foods. While it is positive that the company is gaining more customers in the central hub of the world’s olive oil production region, the spotlight is on the breakthrough order from FPS for solid foods. We believe this order indicates both successful verification of the technology and a clear demand from end consumers. Due to the substantial scale of this order, which exceeds our full-year estimates for the current year, we will be revising our estimates upwards and reviewing our recommendation and valuation in connection with the Q1-report tomorrow.
OptiCept has recently communicated two strategically important orders within FoodTech. The first, from Aceites del Sur in Spain, involves an OliveCept system valued at approximately EUR 180,000 (~2.1 MSEK). According to the announcement, Aceites del Sur is one of the world's largest olive oil producers and, who has, after evaluating the technology, decided to invest in OptiCept’s technology. The second order comes from OptiCept’s partner in solid foods, Food Processing Solutions (FPS). Following successful verification of the technology, FPS is placing an order valued at around 60 MSEK, with a guaranteed minimum value of 43.5 MSEK, to be fulfilled within a maximum of 12 months.
Concrete steps towards wide commercialization within FoodTech
We believe that the recent order from FPS demonstrates the successful verification of the technology and confirms strong end-consumer demand. With potentially successful sales to end consumers, this could help OptiCept achieve wider commercialization. It is important to note that receiving a few large orders does not guarantee the company will continue to secure such orders regularly, but it does increase the likelihood of a commercial breakthrough.
With these two new orders, OptiCept has announced orders totaling around 69 MSEK in the first half of the year. If the company delivers all announced orders within the current year and half of the recently announced FPS order, which is to be fulfilled within 12 months, it would reach approximately 39 MSEK in revenue. This makes it clear that our full-year estimate of ~27 MSEK will be revised upwards. For context, Opticept’s revenues for 2023 were only 9,1 MSEK. We will update our estimates and review our recommendation and valuation for the company following the company's quarterly earnings report, which is set to be released tomorrow.
Sisäänkirjautuminen vaadittu
Tämä sisältö on näkyvissä vain sisäänkirjautuneille käyttäjille
OptiCept Technologies
OptiCept Technologies is a provider of the food and plant industry with technological solutions that are used to increase the sustainability of various raw materials. The company works with biological processes that provide increased extraction from the raw material, extended shelf life reduced waste, and retained taste, aroma, color, the nutritional content of the end product. The company has a patented technology within PEF (pulsed electric field) and VI (Vacuum Infusion). The company sells its products on a global level and is headquartered in Lund.
Lue lisää yhtiösivullaTunnusluvut28.02.
2023 | 24e | 25e | |
---|---|---|---|
Liikevaihto | 9,1 | 26,7 | 65,6 |
kasvu-% | −12,90 % | 191,47 % | 146,27 % |
EBIT (oik.) | −73,6 | −42,0 | −36,5 |
EBIT-% (oik.) | −804,81 % | −157,46 % | −55,53 % |
EPS (oik.) | −2,00 | −1,08 | −0,92 |
Osinko | 0,00 | 0,00 | 0,00 |
Osinko % | |||
P/E (oik.) | - | - | - |
EV/EBITDA | - | - | - |