Gapwaves: Ongoing projects in focus
This is an updated analysis and republication of our research report dated 14 March 2018. Gapwaves reported sales of SEK 0. 6m and EBIT of SEK -10. 4m in Q1.
The most interesting events regard the previously communicated development projects with an undisclosed telco and the MobilityXlab project. The report brings no new information and thus has a limited effect on our estimates and valuation.