Gapwaves (Q4 initial take): 1m antennas produced - Redeye

Redeye views Gapwaves' Q4 2025 report as modestly positive, with results surpassing estimates on net sales, gross margin, and adjusted EBITDA. Having surpassed one million cumulative antennas produced, the company enters 2026 focused on operational efficiency and production scaling through relocation to Frencken's China facilities. Whilst the market outlook appears more challenging—potentially weighing on project-related revenue—and an unexpected Sensrad writedown raises questions, Redeye believes the primary driver for 2026 will be the Valeo production ramp-up. The firm anticipates a modest positive share price reaction of 0–5%.

Länk till analysen i sin helhet: https://www.redeye.se/research/1147700/gapwaves-q4-initial-take-1m-antennas-produced?utm_source=finwire&utm_medium=RSS