Redeye: Fragbite Group - Busy H’2 2023e expected

Redeye updates its view following Fragbite Groups Q2 2023 report, where both net sales and profitability came in slightly below expectations, mostly due to lower sales volume from the recent NFT-related sales activity. Going forward, we take a more cautious view of the Web3 and e-sport market and revise our estimates and valuation accordingly.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/