Gapwaves: Strong growth and solid commercial progress - SEB
Bildkälla: Stockfoto

Gapwaves: Strong growth and solid commercial progress - SEB

Q2 net sales grew 66% y/y to SEK 24.1m, c. 12% above SEBe, driven by a combination of project and prototype related revenues from tier 1 customers as well as production equipment sales to manufacturing partner Frencken. EBIT excl associated company income of SEK -5.5m was better than SEBe at SEK -7.4m. Q2 net cash was SEK 34.2m (SEBe SEK 28m). The company seems to be progressing well towards full commercialization, in an uncertain market environment.

Q2 net sales grew 66% y/y to SEK 24.1m, c. 12% above SEBe, driven by a combination of project and prototype related revenues from tier 1 customers as well as production equipment sales to manufacturing partner Frencken. EBIT excl associated company income of SEK -5.5m was better than SEBe at SEK -7.4m. Q2 net cash was SEK 34.2m (SEBe SEK 28m). The company seems to be progressing well towards full commercialization, in an uncertain market environment.
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