Gapwaves reported a robust quarter, with net sales up 46% y/y, meeting consensus but falling 9% short of Redeye Research estimates (RRe). EBITDA excl. ACI outperformed at SEK-2.5m, 64% above RRe and consensus, driven by lower OPEX than anticipated. Redeye anticipates an upgraded profitability outlook and expects a positive market response.
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