Balance-sheet StrengthA sizable equity base and very low leverage give Gapwaves structural financial flexibility, reducing solvency risk and supporting continued R&D and customer programs. This buffer makes the firm more resilient to cyclical delays and provides runway for commercialization if losses moderate.

Revenue AccelerationTop-line acceleration signals growing commercial traction and successful design activity in core markets. Sustained revenue growth, even modest, is a durable indicator of product-market fit in mmWave segments and is a necessary precondition for achieving scale and improving margins over months.

Specialized MmWave TechnologyGapwaves' focused waveguide and antenna IP targets structural industry tailwinds (5G/6G, high-frequency sensing). A specialized technical niche and product differentiation create durable competitive advantages versus generic suppliers and support long-term demand from infrastructure and device OEMs.

Bears Say

Persistent Cash BurnConsistent negative operating and free cash flow forces reliance on external financing or dilution and constrains investment choices. Continued cash burn undermines runway, limits ability to scale manufacturing, and increases risk that promising design wins cannot be commercialized without new capital.

Weak ProfitabilityDeeply negative gross and net margins indicate the business is not yet capturing sufficient value or controlling costs at current volumes. Structural negative profitability impedes reinvestment, risks equity erosion over time, and must be addressed to deliver sustainable returns to shareholders.

Design-win Conversion RiskRevenue model hinges on turning engineering design-ins into volume production. Failure to convert programs or delays in customer commercialization will keep revenues lumpy and cash-negative, preventing economies of scale and making long-term margin improvement and cash generation uncertain.

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 €38.81M.

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 71 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 -€0.057 earnings per share for the quarter, missing the consensus estimate of N/A by -€0.057.

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 -€0.057 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.