Gapwaves publishes Interim Report for January - March 2022

We summarize the first quarter of the year with the conclusion that the positive commercial improvement continues and that the business is developing towards making Gapwaves' antennas standard for radar sensors in active vehicle safety for the automotive industry and autonomous vehicles such as robotaxi or trucks.

Intense quarter with the largest order in Gapwaves' history
One of the most significant events during the period was when the global tech company, that Gapwaves has been working with since 2020, ordered additional high-resolution antennas intended for an imaging radar. The value of the order is about MSEK 10 and is the largest single order that Gapwaves has received to date.

Increased interest in advanced radar sensors
During the period, we have seen an increased interest in Gapwaves' technology for imaging radar intended for the higher levels of automated driving, SAE level 3-5. We are, in collaboration with our customers, targeting to develop a market leading radar sensor for self-driving vehicles at SAE level 3-5. At the end of the period, a new order was received from an American autotech company intended for an imaging radar. We see this order as a confirmation of the high value Gapwaves' antenna solution brings to the most advanced radar sensors, which are crucial to enable autonomous vehicles.

First quarter: 1 January - 31 March 2022 

  • Net revenue amounted to MSEK 5.8 (MSEK 2.4)
  • EBITDA amounted to MSEK -8.2 (MSEK -12.4)
  • Net result amounted to MSEK -9.9 (MSEK -13.9) corresponding to SEK -0.32 (SEK -0.50) per share
  • Cash flow for the period was MSEK -17.8 (MSEK -13.8) and cash and cash equivalents at the end of the period amounted to MSEK 193.4

CEO Lars-Inge Sjöqvist comments on the report:
"There has been an intense quarter with deliveries in ongoing development projects in parallel with new customer dialogues. During April we visited several interesting companies in California that are interested in Gapwaves' antenna solution for imaging radar. The conclusion from our meetings is clear, existing, and potential customers have one common statement which speaks for Gapwaves; The biggest limitation on today's radar solution is the PCB-based antennas - We need a waveguide antenna."

For more information, please visit www.gapwaves.com or contact: 
Lars-Inge Sjöqvist, CEO Gapwaves AB 
Phone number: + 46 736 84 03 56
E-post: [email protected] 

Robert Nordström, CFO 
Phone number: +46 706 00 59 07 
E-post: [email protected] 

Gapwaves certified adviser is G&W Fondkommission AB 
Phone number: +46 (0)8 503 000 50 
E-mail: [email protected]  
www.gwkapital.se

About Gapwaves AB  
Gapwaves (NASDAQ: GAPW B) originates from research conducted at Chalmers University of Technology and was founded in 2011. Gapwaves vision is to be the most innovative provider of mm-wave antenna systems and the preferred partner to those pioneering next generation wireless technology. By leveraging the disruptive Gapwaves technology we help pioneers in telecom and automotive to create highly efficient mm-wave antenna systems that contributes to re-defining everyday life. Gapwaves markets are e.g. mmWave in 5G telecom and automotive.    

Gapwaves share (GAPW B) is traded at Nasdaq First North Growth Market Stockholm and G&W Fondkommission is appointed Gapwaves AB's Certified Advisor. 

Nerladdningsbara filer



Gapwaves receives an order for production equipment for radar antennas

Gapwaves has received an order from Frencken Group regarding production equipment for assembly and production of waveguide antennas in high-volume.



BULLETIN FROM EXTRAORDINARY GENERAL MEETING IN GAPWAVES AB (publ)

Extraordinary General Meeting on August 19, 2022, in Gapwaves AB (publ), org. No. 556840-2829


Gapwaves and Bosch enter into a joint development agreement for high-resolution radar antennas

Gapwaves, a Swedish tech company and Bosch, a leading global automotive supplier, have entered into an agreement regarding the development and large-scale production of high-resolution radar antennas for automotive vehicle applications aiming at highly automated driving. The contract has an expected sales value of high double-digit million-euro range over the next decade. Corresponding contracts have been signed on July 22, 2022, by the two companies.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I GAPWAVES AB (PUBL) NOTICE OF EXTRAORDINARY GENERAL MEETING OF GAPWAVES AB (PUBL)

Aktieägarna i Gapwaves AB (publ), org.nr 556840-2829, ("Bolaget") kallas härmed till extra bolagsstämma den 19 augusti 2022. The shareholders in Gapwaves AB (publ), corporate identity number 556840-2829, (the "Company") are hereby summoned to the Extraordinary General Meeting on 19 August 2022.


Gapwaves acquires Metasum AB

Gapwaves has agreed to acquire the remaining 75% of the shares in Metasum AB. Through the ownership, Gapwaves broaden its patent portfolio with additional waveguide technologies to meet the growing market for advanced radar sensors.


CORRECTION: Gapwaves acquires Metasum AB

The correction refers to details regarding the purchase price that was left out in the original press release

Gapwaves has agreed to acquire the remaining 75% of the shares in Metasum AB. Through the ownership, Gapwaves broaden its patent portfolio with additional waveguide technologies to meet the growing market for advanced radar sensors.


BESLUT VID EXTRA BOLAGSSTÄMMA I GAPWAVES AB (publ)

Extra bolagsstämma den 10 juni 2022 i Gapwaves AB (publ), org. nr 556840-2829 


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