Gapwaves AB Class B (GAPW.B) AI Stock Analysis

• Market Cap: kr427.33M
• Dividend Yield: N/A
• Average Volume (3M): 23.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.05
• Revenue Growth: 91.56%
• EPS Growth: 27.01%
• Country: SE
• Employees: 45
• Sector: Technology
• Sector Strength: 82
• Industry: Communication Equipment
• EPS (TTM): -0.29
• Shares Outstanding: 23,528,800
• 10 Day Avg. Volume: 24,741
• 30 Day Avg. Volume: 23,148
• PEG Ratio: 0.97
• Price to Book (P/B): 3.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

Gapwaves AB Class B scores low due to persistent financial challenges, including negative profitability and cash flows. The company's strong balance sheet with no debt is a positive, but technical indicators suggest neutral to slightly bearish momentum. The valuation is unattractive due to a negative P/E ratio and no dividend yield. Overall, significant improvements in operational efficiency and profitability are needed for a better outlook.

Gapwaves AB Class B Business Overview & Revenue Model

Company Description

Gapwaves AB Class B (GAPW.B) is a technology company based in Sweden that specializes in the development and commercialization of advanced antenna solutions. The company leverages its proprietary Gapwaves waveguide technology to create efficient and compact antennas primarily for automotive radar systems and telecommunications. Gapwaves aims to revolutionize the antenna industry by providing solutions that offer superior performance, reduced energy consumption, and lower costs.

How the Company Makes Money

Gapwaves AB generates revenue primarily through the design, production, and sale of antennas and related components using its unique Gapwaves waveguide technology. The company's key revenue streams include the sale of antennas for automotive radar systems, which are increasingly in demand due to the growth of autonomous driving technologies, and telecommunications infrastructure. Gapwaves also engages in partnerships and collaborations with major players in the automotive and telecommunications industries to integrate its technology into their products, thereby expanding its market reach and revenue potential. Additionally, the company may earn income from licensing its patented technology to other manufacturers, providing an additional stream of revenue.

Gapwaves AB Class B Financial Statement Overview

Summary

Gapwaves AB Class B faces significant challenges with profitability and cash flow generation. While the revenue has increased, the company remains unprofitable with negative net income, EBIT, and EBITDA margins. The balance sheet is strong due to no debt, but persistent net losses and negative cash flows threaten financial stability.

Income Statement

Gapwaves AB Class B has shown significant volatility in its income statement. The company experienced a revenue increase from 2023 to 2024, yet it remains unprofitable with a negative net income margin. The gross profit margin improved in 2024, but EBIT and EBITDA margins remain negative due to high operating costs.

Balance Sheet

The company maintains a strong equity base with no debt, resulting in a favorable debt-to-equity ratio of zero. Despite the decline in total assets and stockholders' equity over recent years, the equity ratio remains solid. However, the persistent net losses present a challenge to improving return on equity.

Cash Flow

Gapwaves AB Class B continues to face cash flow challenges with negative operating and free cash flows. The free cash flow worsened from 2023 to 2024, reflecting difficulties in generating positive cash flow from operations. The operating cash flow to net income ratio indicates significant cash outflows relative to net losses.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
73.27M	66.08M	27.51M	64.02M	34.86M	16.26M
	Gross Profit
26.34M	42.70M	-22.41M	43.18M	21.83M	9.52M
	EBIT
-34.73M	-39.38M	-71.30M	-23.98M	-36.51M	-42.09M
	EBITDA
-33.59M	-42.42M	-60.73M	-14.19M	-34.87M	-43.06M
	Net Income Common Stockholders
-47.44M	-52.07M	-69.23M	-15.34M	-36.31M	-44.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
33.78M	40.75M	89.33M	185.43M	211.16M	77.86M
	Total Assets
130.40M	130.99M	171.58M	251.51M	253.59M	98.69M
	Total Debt
0.00	0.00	0.00	0.00	1.46M	0.00
	Net Debt
-33.78M	-40.75M	-89.33M	-185.43M	-209.69M	-77.86M
	Total Liabilities
36.50M	28.42M	18.27M	29.63M	25.51M	19.38M
	Stockholders Equity
93.91M	102.57M	153.31M	221.88M	228.08M	79.31M
Cash Flow		Free Cash Flow
-21.66M	-29.89M	-49.10M	-23.89M	-50.73M	-38.03M
	Operating Cash Flow
-19.66M	-28.06M	-47.52M	-23.39M	-41.61M	-33.12M
	Investing Cash Flow
-22.36M	-21.28M	-48.57M	-2.11M	-10.21M	-4.96M
	Financing Cash Flow
8.00M	0.00	0.00	-229.00K	185.12M	6.55M

Gapwaves AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GAPW.B, the sentiment is Neutral. The current price of 13.72 is above the 20-day moving average (MA) of 13.07, above the 50-day MA of 13.26, and below the 200-day MA of 15.21, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of 54.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:GAPW.B.

Gapwaves AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEBNI.B	62 Neutral	kr451.60M	655.86	1.24%	―	99.23%	―
Sector *	62 Neutral	$11.92B	10.48	-7.50%	2.95%	7.40%	-8.18%
MAVEN	55 Neutral	kr390.04M	1,947.62	-6.45%	1.39%	-20.56%	-99.26%
INCOAX	49 Neutral	kr204.12M	―	-18.50%	―	24.96%	23.93%
ACCON	48 Neutral	kr463.59M	―	-14.39%	―	44.48%	59.15%
FREEM	47 Neutral	€394.50M	―	-37.52%	―	-10.24%	12.09%
GAPW.B	46 Neutral	kr427.33M	―	-39.91%	―	91.56%	27.01%