Redeye reiterates our positive view on Adverty. The Q4 report was a non-event in terms of the financial results, but several key developments took place during the quarter, setting Adverty up for success in 2021. We await the In-Menu ad format launch, which is our main catalyst for revenues to take off in 2021. Redeye reiterates our Base Case of SEK 12 and Bull Case of SEK 28.