Gapwaves (GAPW BTA B) Stock Overview

Designs, develops, manufactures, and delivers waveguide products in Sweden, rest of European Union, and internationally. More details

GAPW BTA B fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 89.6% per year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap (SEK504M)

GAPW BTA B Community Fair Values

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Gapwaves AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Gapwaves
Historical stock prices
Current Share Price	SEK 15.76
52 Week High	SEK 15.76
52 Week Low	SEK 15.04
Beta	1.44
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.68%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	GAPW BTA B	SE Communications	SE Market
7D	n/a	-3.3%	-2.4%
1Y	n/a	1.7%	1.9%

Return vs Industry: Insufficient data to determine how GAPW BTA B performed against the Swedish Communications industry.

Return vs Market: Insufficient data to determine how GAPW BTA B performed against the Swedish Market.

Price Volatility

Is GAPW BTA B's price volatile compared to industry and market?
GAPW BTA B volatility
GAPW BTA B Average Weekly Movement	n/a
Communications Industry Average Movement	6.0%
Market Average Movement	5.8%
10% most volatile stocks in SE Market	11.6%
10% least volatile stocks in SE Market	3.1%

Stable Share Price: GAPW BTA B's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: Insufficient data to determine GAPW BTA B's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2011	43	Jonas Ehinger	www.gapwaves.com

Gapwaves AB (publ) designs, develops, manufactures, and delivers waveguide products in Sweden, rest of European Union, and internationally. It offers automotive radar antennas, flat panel antennas, 5G phased arrays antennas, flange adapters, and waveguide filters. The company was incorporated in 2011 and is headquartered in Gothenburg, Sweden.

Gapwaves AB (publ) Fundamentals Summary

How do Gapwaves's earnings and revenue compare to its market cap?
GAPW BTA B fundamental statistics
Market cap	SEK 503.95m
Earnings (TTM)	-SEK 48.13m
Revenue (TTM)	SEK 87.37m

5.8x

P/S Ratio

-10.5x

P/E Ratio

Is GAPW BTA B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GAPW BTA B income statement (TTM)
Revenue	SEK 87.37m
Cost of Revenue	SEK 89.69m
Gross Profit	-SEK 2.31m
Other Expenses	SEK 45.81m
Earnings	-SEK 48.13m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Feb 06, 2026

Earnings per share (EPS)	-1.55
Gross Margin	-2.65%
Net Profit Margin	-55.08%
Debt/Equity Ratio	0%

How did GAPW BTA B perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/22 03:09
End of Day Share Price	2025/11/21 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gapwaves AB (publ) is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Henrik Christiansson	DNB Carnegie Commissioned Research
Rasmus Jacobsson	Redeye