Low Leverage & Sizable Equity BaseA strong equity base and very low leverage give the company financial flexibility to fund R&D, prototype-to-production transitions, or absorb operational volatility without immediate refinancing. This balance-sheet strength supports strategic execution over the next several months.

Proprietary MmWave Waveguide TechnologyGapwaves' core waveguide and antenna technology addresses mmWave performance and beamforming needs in 5G/6G and sensing markets. This differentiated IP and product focus creates a durable competitive advantage in an expanding structural market for high-frequency components.

Diversified Revenue Model (products, Engineering, Production)Revenue streams include product sales, customer-funded engineering/design work, and potential serial-production volumes. Engineering engagements create sticky relationships and path to recurring program revenue if design wins convert, supporting sustainable top-line growth if conversions occur.

Bears Say

Consistent Negative Operating Cash FlowPersistent cash burn reduces runway and forces reliance on external financing or equity issuance, which can dilute shareholders and distract management. Negative operating cash flow limits capacity to scale manufacturing or fund longer development cycles absent sustained revenue improvement.

Negative Gross Profit And Large Net LossesNegative gross profit signals flawed unit economics, high direct costs, or pricing/mix issues that must be fixed before scaling. Large net losses constrain reinvestment, make profitability uncertain, and increase the risk that design wins won't yield viable long-term margins.

Deeply Negative Returns On EquityROE near -50% erodes shareholder capital over time, undermining the balance-sheet advantage if losses persist. This structural profitability shortfall can hamper access to cost-effective capital and raises the stakes on converting technology strengths into margin-accretive revenue.

GW3 FAQ

What was Gapwaves AB Class B’s price range in the past 12 months?

Gapwaves AB Class B lowest stock price was €0.90 and its highest was €2.35 in the past 12 months.

What is Gapwaves AB Class B’s market cap?

Gapwaves AB Class B’s market cap is €35.99M.

When is Gapwaves AB Class B’s upcoming earnings report date?

Gapwaves AB Class B’s upcoming earnings report date is Apr 30, 2026 which is in 68 days.

How were Gapwaves AB Class B’s earnings last quarter?

Gapwaves AB Class B released its earnings results on Feb 06, 2026. The company reported -€0.056 earnings per share for the quarter, missing the consensus estimate of N/A by -€0.056.

Is Gapwaves AB Class B overvalued?

According to Wall Street analysts Gapwaves AB Class B’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Gapwaves AB Class B pay dividends?

Gapwaves AB Class B does not currently pay dividends.

What is Gapwaves AB Class B’s EPS estimate?

Gapwaves AB Class B’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Gapwaves AB Class B have?

Gapwaves AB Class B has 28,719,849 shares outstanding.

What happened to Gapwaves AB Class B’s price movement after its last earnings report?

Gapwaves AB Class B reported an EPS of -€0.056 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -8.475%.

Which hedge fund is a major shareholder of Gapwaves AB Class B?

Currently, no hedge funds are holding shares in DE:GW3

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Gapwaves AB Class B

Gapwaves AB (publ) provides waveguide and antenna products. It offers radar antennas, 5G phased arrays, flat panel antennas, flange adapters, and waveguide filters. The company was incorporated in 2011 and is headquartered in Gothenburg, Sweden.