Gapwaves Q1’19: Sales still low, but first large contract signed

Gapwaves reported net sales of SEK 1. 3m and a net loss of 11. 9m in Q1’19, where both sales and costs were in line with our expectations. Sales are, however, still on a low level and we place greater emphasis on its ability to enter new projects and signing significant deals.

In that regard, Gapwaves has made progress during the quarter by announcing a contract within automotive that potentially could bring substantial revenues beyond 2021.