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Gapwaves publishes Interim Report for July - September 2022

Strong net sales growth

Third quarter: 1 July - 30 September 2022 (Parent company) 

  • Net sales amounted to MSEK 30.9 (MSEK 8.5)  
  • EBITDA amounted to MSEK 6.3 (MSEK -7.9)  
  • Net result amounted to MSEK 5.9 (MSEK -9.2) corresponding to SEK 0.19 (SEK -0.30) per share  
  • Cash flow for the period was MSEK -4.3 (MSEK -12.4) and cash and cash equivalents at the end of the period amounted to MSEK 178

During Q3, the net sales revenue was MSEK 30.9, a growth of 261% compared to the same period in 2021. The revenue was MSEK 53 year-to-date. Q3 was a profitable quarter, with an EBITDA of MSEK 6.3.

Agreement with Robert Bosch GmbH
During the period Gapwaves entered into its largest agreement to date. The agreement with Bosch includes both development and large-scale supply of high-resolution radar antennas for automotive vehicle applications. The contract has an expected sales value of high double-digit million-euro range over the next decade.

CEO Jonas Ehinger comments on the report:
"I am grateful and proud of the Gapwaves team's achievements during the quarter. The contract with Bosch is a true steppingstone for us, becoming a supplier of radar antennas to the automotive industry. Combined with other agreements it adds to our long-term business foundation. The third quarter has been very strong for us, both financially and in terms of important activities and momentum in our customer partnerships and several new customer project discussions that have been initiated."

The full report is available as attached PDF and at Gapwaves website; Financial reports, download.

For more information, please visit www.gapwaves.com or contact: 
Jonas Ehinger, CEO Gapwaves AB (publ)
Phone number: +46 733 44 01 52
E-post: [email protected]

Robert Berhof, CFO Gapwaves AB (publ)
Phone number: +46 706 00 59 07 
E-post: [email protected] 

Gapwaves Certified Adviser is G&W Fondkommission AB 
www.gwkapital.se

About Gapwaves AB (publ)
Gapwavesoriginates from research conducted at Chalmers University of Technology and was founded in 2011.Gapwavesvision isto be the most innovative provider of mm-wave antenna systems and the preferred partner to those pioneering next generation wireless technology.By leveraging the disruptiveGapwavestechnology we help pioneers in telecom and automotive to create highlyefficient mm-wave antenna systems that contributes to re-defining everydaylife.Gapwavesmarkets are e.g.mmWavein the automotive andtelecom industries. 

Gapwavesshare (GAPW B) is traded at Nasdaq First North Stockholm with G&W Fondkommission as Certified Adviser. 

Nerladdningsbara filer

Gapwaves receives a follow-up order from current American autotech customer

In June 2022 the American Autotech company ordered their first project of radar antenna development, with intended use in autonomous vehicles. The customer now has placed a follow-up order for additional prototypes that are expected to be delivered in January 2023. The order value is approximately KSEK 250.




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.


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