SciBase: Price drop provides an entry point for the risk tolerant
In our view, SciBase has a credible path to building an attractive position in its markets. However, limited visibility into revenue growth and elevated financing risks (equity issue expected in 2024) call for caution in pricing the potential over the short term. With the decline in the share price since our last report (-18%) we believe that the risk/return ratio has turned attractive, and we feel the value creation potential now outweighs the risks.
Scibase Holding
SciBase Holding is a medical technology company. The Group specializes in the management of cancer diagnostics, mainly focused on the treatment and detection of various melanomas. The company has developed an electric handheld probe that analyzes the measurement signal to detect specific changes in the body's skin tissue. The head office is located in Stockholm.
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