Research by MICKE
Author: micke
- 14.00 +19.66% (02/09/2027)
- BUY
Gapwaves was founded in 2011 and went public in 2016, has no history of profits and the share price development has been poor. Production will increase significantly in 2026 and 2027. Costs associated with the start of production in China will be phased out. The antennas appear to be superior in the market and production costs are expected to decrease while product prices will remain at constant levels. It is a big risk for Gapway that the automotive sector is facing many challenges. We must also realize that Gapways is a very small company. But my conclusion is that I will make a small investment. Today the share price is 11.80 SEK, I believe there is a good chance of a breakthrough that can double the share price in 3 to 5 years.
Business (1)
The sales estimates are, very rapid expansion 2026 and 2027.
My guess is that this rapid expansion will increase interest of investors
and should drive profites as well as stock price.
03/09/2026 by MICKE｜1
Risks (4)
Gapwaves customers are mainly within automotive. The customers are under pressure, which can result in low orders going forward.
03/09/2026 by MICKE｜1Projects have been a major contributor to the income. The project backlog sounds week on the 26Q2 report call.
03/09/2026 by MICKE｜1Gapwaves is a small company that hasn't shown profites. The very rapid expansion in production is just based on the companies own information.
03/09/2026 by MICKE｜1IN 2026Q2 Gapwaves also has SEK19.2m (~SEK0.5 per share) of receivables from Sensrad, which is at risk since sensrad isn't performing that well.
02/09/2026 by MICKE｜1