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ViroGates A/S: Västra Hamnen: ViroGates - Steadily growing customer base

  • Increasing attention on efficient triaging due to COVID-19 pandemic
  • Currently ten clinical routine customers
  • We keep our valuation interval unchanged at DKK 68.00 - 100.50 per share

ViroGates' report for Q2 2020 came in almost exactly in line with our forecasts.
Revenues, although markedly lower than a year ago, were precisely
as expected. The cost side came in a little lower than our forecasts, resulting
in a lower net loss compared with our estimates. The revenue drop was
related to a well-known problem at one customer hospital. Apart from
that, the underlying business development is progressing fairly well considering
the COVID-19 situation. If anything, the pandemic seems to increase
interest in the suPARnostic® products.
The full report is available here (

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Twitter: @vhcorp_se (

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