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

• Market Cap: kr445.39M
• Dividend Yield: N/A
• Average Volume (3M): 38.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: 91.56%
• EPS Growth: 27.01%
• Country: SE
• Employees: 45
• Sector: Technology
• Sector Strength: 90
• Industry: Communication Equipment
• EPS (TTM): -0.25
• Shares Outstanding: 23,528,800
• 10 Day Avg. Volume: 43,415
• 30 Day Avg. Volume: 38,072
• PEG Ratio: -0.94
• Price to Book (P/B): 4.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.58
• 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 (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.

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

Gapwaves AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GAPW.B, the sentiment is Positive. The current price of 14.3 is above the 20-day moving average (MA) of 13.24, above the 50-day MA of 13.14, and below the 200-day MA of 14.46, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 66.08 is Neutral, neither overbought nor oversold. The STOCH value of 82.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
GAPW.B	46 Neutral	kr445.39M	―	-38.42%	―	91.56%	27.01%
9HX	―	€45.32M	―	-37.52%	―	―	―
96W	―	€47.22M	1,870.00	-6.07%	1.32%	―	―
86M	―	€16.46M	―	-18.50%	―	―	―
KEN	―	€60.68M	760.00	1.24%	―	―	―
2LU	―	€32.47M	―	-10.88%	―	―	―