First quarter: 1 January –
- Net sales increased to MSEK 15.6 (4.9).
- EBITDA improved and amounted to MSEK -13.0 (-16.1), whereas EBITDA adjusted for associated company amounted to MSEK -8.8 (-16.1).
- The operating result/EBIT amounted to MSEK -14.9 (-18.3), whereas the operating result adjusted for the share of profit from associated companies amounted to MSEK -10.7 (-18.3).
- The result for the period amounted to MSEK -13.6 (-17.9).
- Earnings per share before and after dilution amounted to neg. (neg.).
- Cash flow for the period amounted to MSEK -20.6 (-13.3).
- The Group’s cash and cash equivalents amounted to MSEK 69.6 (172.2).
Significant events during the period
- A new strengthened agreement with
Frencken Group positionsGapwaves as a full-service provider of waveguide antennas.
- An order for production equipment was received from
Frencken Group . The value of the order amounted to approximately MSEK 23.
- An order was received from a European Tier 1 supplier, with whom cooperation was initiated during the first quarter of 2023, with an order value of MSEK 1.8.
- A follow-up order was received from the same Tier 1 supplier with an order value of MSEK 1.2.
CEO
The full report is available as attached PDF and on the company’s website www.gapwaves.com.
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