Sweden · Delayed Price · Currency is SEK Gapwaves AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 17% year-over-year sales decline to SEK 18.8 million as the company transitions from project to product revenue, with over 500,000 antennas produced and rapid ramp-up in China. Profitability hinges on reaching higher volumes and securing new contracts.
Fiscal Year 2025
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Achieved record sales and produced over 1 million antennas, driven by strong automotive demand and successful scale-up with partners. Despite higher costs from rapid ramp-up, a solid cash position supports further growth, with volumes expected to exceed 5 million units in 2026.
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Advanced antenna technology is driving rapid growth, with production ramping up for major automotive contracts and expansion into military and smart city segments. Recent funding will support scaling, innovation, and global supply chain development.
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Q2 2025 saw 66% sales growth and a 56% EBITDA improvement, driven by new contracts, production ramp-ups, and strong momentum in both automotive and defense sectors. Serial production for Valeo began, with significant revenues expected by 2027.
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Q1 2025 saw 46% year-on-year sales growth and a 71% improvement in adjusted EBITDA, driven by strong order intake and expanding automotive partnerships. Production ramp-ups for key customers are on track, and the company remains well positioned amid robust market drivers and regulatory tailwinds.
Fiscal Year 2024
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Q4 2024 saw net sales surge 160% year-over-year and EBITDA improve by 48%, with full-year revenue up 140%. Major supply agreements, new customers, and a capital-light model support continued growth, especially in automotive radar.