{"id":12101,"date":"2020-07-27T08:00:00","date_gmt":"2020-07-27T06:00:00","guid":{"rendered":"https:\/\/www.emergers.se\/?p=12101"},"modified":"2021-07-26T21:51:37","modified_gmt":"2021-07-26T19:51:37","slug":"simris_f_en","status":"publish","type":"post","link":"https:\/\/dev.emergers.se\/en\/simris_f_en\/","title":{"rendered":"B2B-order confirms Simris\u2019 strategic transition to a vertically-integrated, science-based microalgae biotech"},"content":{"rendered":"
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\n\t\t\t\tThis first order for partially processed microalgae biomass confirms the commercial feasibility of Simris\u2019 recent broadening of their microalgae platform into BIOMIMETICS and NOVEL FOODS. Now with international heavyweight Steven Schapera taking the helm as Chairman, we see potential for an increased focus on commercialization of Simris\u2019 unique IP to drive both news flow and a change in sentiment towards the share.<\/span><\/strong>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Johan Widmark | Date:<\/strong> 2021-07-27 | This research is for informational purposes only. It does not constitute investment advice and is not a solicitation to buy shares. For more information and disclaimer, please see emergers.se. <\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The 1,6 MSEK order for partially processed microalgae biomass marks the first important step in Simris\u2019 three-pronged development plan to commercialize its algae platform. While the announcement did not reveal if the order was related to BIOMIMETICS or NOVEL FOODS, it confirms Simris\u2019 qualifications as a B2B-supplier that can offer both a biotech algae platform for discovery, production, and extraction of various bioactive substances for advanced skin care and pharmaceuticals, as well as dry microalgae biomass for further extraction of high-value nutraceuticals and other food supplements.\u00a0<\/p>

This order was for freeze-dried microalgae, and as Simris Alg already hold significant stock of this raw material, which they produce for the extraction of omega-3 supplements, this implies that the profitability of this order is high and offers an immediate boost to the company\u2019s strained liquidity.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Photo: Simris Alg, Peter Brinch<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Build-up to refinancing in 2022<\/h5>

Earlier this month, Simris secured bridge financing of 7 MSEK while also communicating its plan to raise additional capital in 2022. This will most likely be a good point in time, when we expect that Simris will have some more B2B-contracts under its belt, preferably some that clearly demonstrate the quality, competitiveness and commercial potential of their algae platform, especially within BIOMIMETICS.<\/p>

We also hope that future deals, and particularly the deal announcements, more clearly reflect the actual value embedded in the company\u2019s platform rather than just the volume value of the individual products or ingredients it can produce.<\/p>

With Simris\u2019 founder, algae pioneer Fredrika Gullfot stepping down as CEO, effective from September 17th, 2021, international cosmetics veteran Steven Schapera, who joined the company as Chairman just two months ago (but has been a major shareholder since mid-2020) will take on a more executive role until a new CEO is appointed. Together with Simris\u2019 CFO, Christoffer Tell (who also joined earlier this year) the company is now well on track building infrastructure and capability to execute on its broadened strategic roadmap. The appointment of the new CEO will surely be the last major piece of the puzzle.<\/p>

All in all, we see a fair chance for the investor sentiment and focus to transition away from the tunnel vision on short-term sales development that has hampered the share, to instead focus more on Simris\u2019 position at the forefront of the marine microalgae space as a vertically integrated, B2B-focused microalgae biotech. Therefore we continue to see a high but difficult-to-quantify potential for the stock.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Read more about Simris Alg here\u00a0<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Johan Widmark | Tel: 0739196641 | Mail: johan@emergers.se<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\tDISCLAIMER<\/strong>\nInformation provided here or on Emergers’ website emergers.se is not intended to be financial advice. Emergers receives compensation for writing about the company in question. The company has been given the opportunity to influence factual statements before publication, but forecasts, conclusions and valuation reasoning are Emergers’ own. To avoid conflicts of interest, Emergers’ writers have no holdings in the listed companies we write about. Articles of analysis shall not be construed as a recommendation or solicitation to invest in the companies described. Emergers cannot guarantee that the conclusions presented in the analysis will be met. Emergers cannot be held liable for either direct or indirect damages caused by decisions made on the basis of information in this analysis. Investors are encouraged to seek additional information as well as consult a financial advisor prior to any investment decision. For more information and complete terms, please see here<\/a>.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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This first order for partially processed microalgae biomass confirms the commercial feasibility of Simris\u2019 recent broadening of their microalgae platform into BIOMIMETICS and NOVEL FOODS. Now with international heavyweight Steven Schapera taking the helm as Chairman, we see potential for an increased focus on commercialization of Simris\u2019 unique IP to drive both news flow and …<\/p>\n<\/div>","protected":false},"author":1,"featured_media":10310,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"spay_email":""},"categories":[1],"tags":[42],"jetpack_featured_media_url":"https:\/\/dev.emergers.se\/wp-content\/uploads\/2021\/02\/SImris-ro\u0308d-labb.jpg","_links":{"self":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/12101"}],"collection":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/comments?post=12101"}],"version-history":[{"count":28,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/12101\/revisions"}],"predecessor-version":[{"id":12152,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/12101\/revisions\/12152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/media\/10310"}],"wp:attachment":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/media?parent=12101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/categories?post=12101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/tags?post=12101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}