Brighter

OMX: BRIG

SEK912.3m market cap

SEK10.92 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. 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. The service also includes personalized home deliveries of daily consumables and continuous data-based feedback to motivate the user and stimulate increased treatment adherence. By eliminating thresholds and reducing the number of treatment steps to 9 from 28 in comparison to traditional self-blood glucose (SMBG) meters and insulin injection pens, Brighter’s goal is to promote patient behavioral change of daily insulin-dependent diabetes management for better treatment outcome.

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 2.5 (50.9) (63.5) (78.25) N/A N/A
2020E 24.5 (69.6) (83.0) (101.17) N/A N/A
Last updated on 25/07/2019
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 25/07/2019
Sector
Healthcare
Share price graph
Balance sheet
Forecast net debt (SEKm) 45.2
Forecast gearing ratio (%) 44
Price performance
%
1m
3m
12m
Actual (12.5) 23.8 51.1
Relative* (13.4) 25.5 44.7
52-week high/low SEK14.7/SEK7.0
*% relative to local index
Key management
Truls Sjostedt CEO
Henrik Norström Chief Operating Officer
Petra Kaur Chief Marketing and Communications Officer