Gapwaves
Gapwaves interim report January-March 2023, Q1
Strategic projects developed according to plan
The first quarter of the year is characterized by increased interest for Gapwaves products and a positive momentum in ongoing strategic projects.
Strong market development
The market develops and the demand for vehicle radar rises. Today, radar technology is used in Automotive for example in emergency braking systems and Adaptive cruise control. In addition to that, the Mobility sector is requesting more advanced high resolution radar sensors to within a few years be able to offer vehicles with a higher degree of self-driving functions for applications such as drones, delivery trucks, freight vehicles and various types of transport pods. With Gapwaves high-performing and cost-efficient radar antennas the company is in a good position for continued growth.
First quarter: 1 January - 31 March 2023
- Net sales amounted to MSEK 4,9 (MSEK 5,8)
- EBITDA amounted to MSEK -16 (MSEK -8,2)
- Net result amounted to MSEK -17,9 (MSEK -10) corresponding to SEK neg
(SEK neg) per share - Cash flow for the period was MSEK -13,3 (MSEK -17,8) and cash and cash
equivalents as per March 31 amounted to MSEK 172
The full report is available as attached PDF and at Gapwaves website; Financial reports, download.
For more information, please visit www.gapwaves.com orcontact:
Jonas Ehinger, CEOGapwavesAB(publ)
Phone number: +46733 44 01 52
E-post: jonas.ehinger@gapwaves.com
Robert Berhof, CFOGapwaves AB (publ)
Phone number: +46 706 00 59 07
E-post: robert.berhof@gapwaves.com
GapwavesCertified Adviser is G&WFondkommissionAB
www.gwkapital.se
AboutGapwavesAB(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 aree.g.mmWavein the automotive andtelecom industries.
Gapwavesshare (GAPW B) is traded at Nasdaq First North Stockholm withG&WFondkommissionas Certified Adviser.
| Datum | 2023-04-27, kl 07:31 |
| Källa | beQuoted |
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