OptiCept enters partnership with Swedish Foodtech company Simply No Waste
OptiCept has announced a partnership with the foodtech company Simply No Waste, marking its entry into the extraction of residual products and side streams industry. We see it as positive that OptiCept will gain access to Simply No Waste's production facility to test and develop new applications at a seemingly low cost. However, this news does not directly impact our forecasts or our view on the stock.
Simply No Waste is a foodtech ingredients company that uses a "Systematic Circularity Model" to create products from by-products for the food industry and other sectors. The company focuses on "upcycling" by-products to create nutritious ingredients, with the goal of fostering a more circular, sustainable and nutritious food system while reducing food waste. Its innovations include drinks made from avocado stones that would otherwise be discarded, blended with only fresh ingredients and no added sugar. Under the terms of the agreement, OptiCept will supply a PEF system to optimize the extraction of ingredients for Simply No Waste's products. In addition, OptiCept will acquire a non-controlling interest in Simply No Waste and gain access to its production facility.
While the partnership is exciting, its commercial value is likely limited at this stage
We believe that through this partnership, OptiCept will gain a stake in an innovative company in an exciting market with relatively little effort. While we do not expect this partnership to consume significant focus or time for OptiCept, we believe it is critical for the company to remain focused on projects that are closest to generating cash flow. However, it is promising that OptiCept will gain low-cost access to Simply No Waste's production facility for testing and development of new applications. The extent to which this collaboration will influence OptiCept's product development remains to be seen, but for now it is likely to be of limited commercial value.
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.
Read more on company pageKey Estimate Figures04/06
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 9.1 | 47.3 | 89.0 |
growth-% | -12.90 % | 417.64 % | 88.00 % |
EBIT (adj.) | -73.6 | -38.7 | -17.8 |
EBIT-% (adj.) | -804.81 % | -81.85 % | -19.97 % |
EPS (adj.) | -2.00 | -0.91 | -0.38 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | - | - | 102.12 |