SEK941.5m market cap
SEK4.9 last close
Brighter is a Swedish healthtech company focused on the development and commercialisation of self-monitoring and self-treatment health solutions for diabetes.
Investment summary
Brighter is a healthtech company developing solutions for chronic diseases. Its initial strategy is the market introduction of Actiste, a remote monitoring and treatment service for diabetes which recently received two CE marks (Actiste is regulated under both the EU Medical Devices Directive and the In Vitro Diagnostics Directive). The service includes a unique patented device that integrates all the essential features for daily diabetes management, a blood glucose meter, a lancer, an insulin injection pen, into a single unit with built-in mobile connection, and a digital platform for analysing and sharing data with family & friends, healthcare providers and other relevant stakeholders.
Y/E Dec |
Revenue (SEKm) |
EBITDA (SEKm) |
PBT (SEKm) |
EPS (öre) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 1.4 | (19.7) | (22.8) | (40.00) | N/A | N/A |
| 2018A | 1.1 | (44.2) | (48.8) | (74.00) | N/A | N/A |
| 2019E | 0.5 | (52.9) | (66.4) | (80.81) | N/A | N/A |
| 2020E | 24.5 | (63.8) | (78.1) | (82.93) | N/A | N/A |
Industry outlook
In 2017, costs attributed to diagnosed diabetes and associated complications, such as cardiovascular disease and nephropathy, totalled $327bn in the US. Patient opinions of treatment burden are heavily correlated with adherence to self-care.
Last updated on 12/02/2020
Sector |
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| Healthcare |
Share price graph
Balance sheet |
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|---|---|
| Forecast net cash (SEKm) | 19.6 |
| Forecast gearing ratio (%) | N/A |
Price performance
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3m |
12m |
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Key management |
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|---|---|
| Truls Sjostedt | Chairman |
| Henrik Norström | CEO |
| Anne Zetterberg | CFO |
| Petra Kaur | Chief Commercial and Marketing Officer |
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