Launch of a new technology
A major event during the quarter was the launch of a new antenna technology, Multi-Layer-Waveguide (MLW), enabling the manufacture of metal waveguide antennas and catering to the evolving needs of our customers. The technology and its properties have been confirmed in collaborative projects with customers such as Bosch, Sensrad, and another yet unnamed Tier 1 automotive customer.
Continued scale-up
During the quarter, work has continued in developing our supply chain and expanding our own production capacity while ensuring compliance to the high quality standards set out in the automotive industry. In addition, the development work of a
Third quarter: 1 July -
- Net sales decreased to MSEK 7.0 (30.9).
- EBITDA decreased to MSEK -16.1 (10.1), whereas EBITDA adjusted for shares of results from associated companies amounted to MSEK -9.6 (6.3).
- The operating result/EBIT decreased to MSEK -18.2 (7.7).
- The result for the period amounted to MSEK -17.8 (8.9).
- Earnings per share before and after dilution amounted to neg. (0.19).
- Cash flow for the period amounted to MSEK -16.2 (-5.4).
- The Group's cash and cash equivalents amounted to MSEK 103.5 (178.1).
CEO
The full report is available as attached PDF and here.
For more information, please visit www.gapwaves.com or contact:
Phone number: + 46 733 44 01 52
E-post: jonas.ehinger@gapwaves.com
Robert Berhof, CFO
Phone number: +46 706 00 59 07
E-post: robert.berhof@gapwaves.com
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