)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Gapwaves (GAPW) investor relations material
Gapwaves Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary25 Jul, 2025
Executive summary
Achieved 66% year-over-year sales growth in Q2 2025, reaching SEK 24.1 million, with improved EBITDA and profitability driven by increased development projects, production equipment sales, and disciplined cost control.
Commenced serial production for Valeo in Gothenburg in June, with first deliveries in July, leveraging in-house pilot line.
Expanded customer base with strategic partnerships, notably adding Desay SV in China, and saw strong momentum for Sensrad, especially in defense and Chinese ITS sectors.
Business model remains CapEx-light, utilizing qualified external partners for global production, with new supply chains prepared for Europe and the US.
Positioned for profitable long-term growth, supported by regulatory and consumer demand for advanced radar sensors in automotive and other sectors.
Financial highlights
Q2 2025 net sales reached SEK 24.1 million, up 66% year-over-year; H1 2025 net sales were SEK 46.9 million, up 56%.
Adjusted Q2 EBITDA improved by 56% to SEK -3.8 million; Q2 EBIT was SEK -8.8 million, with adjusted EBIT at SEK -5.5 million.
Cash flow improved during the quarter, though working capital increased due to higher accounts receivable.
Cash and cash equivalents at period end: SEK 34.2 million.
Equity/assets ratio: 73.6% as of June 30, 2025; no financial debt except lease liabilities.
Outlook and guidance
Product sales expected to become the primary revenue source by 2027 as automotive production ramps up, with significant revenues from Valeo contract anticipated in 2027 and high-volume production in China starting next year.
Market environment expected to remain challenging for the rest of 2025, with some customers delaying investments while others accelerate projects.
Continued focus on profitable growth, expanding customer base in Asia, and scaling production to drive long-term growth.
Underlying demand for gapwaveguide technology remains strong, driven by regulatory and technical trends in automotive and wireless sectors.
Expansion into wireless communication and satellite segments expected over the next five years.
Assess Gapwaves' financial resilience.
Describe Sensrad's application areas.
How does Valeo's market position affect Gapwaves?
Impact of CapEx-light model on scaling
What drives the shift to product sales?
Gapwaves' strategy for the Chinese market
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Gapwaves earnings date
Q3 202524 Oct, 2025
LIVEat 07:00
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Gapwaves provides advanced waveguide and antenna products for the 5G era. Waveguides play a vital role in networking and communications systems and have applications such as high-speed inter-chip optical connections, high power military lasers, and radar. Gapwaves offers printed LMA and MMIC products for multiple applications within these related markets. The company was incorporated in 2011 and is based in Gothenburg, Sweden.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage