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Gapwaves Q4 2023: Commercialization expected in 2024 - Redeye

Redeye states that the report was below expectations on sales and profit. However, Gapwaves is moving towards the first customer in volume production, which we expect in 2024. A weak point was commentary about postponed investment decisions attributable to challenges and delays among car manufacturers. However, already-signed contracts are progressing. Redeye expects to increase its estimates and fair value range based on new assumptions regarding Based on new assumptions regarding antennas for Hella’s future radar generations.

Redeye states that the report was below expectations on sales and profit. However, Gapwaves is moving towards the first customer in volume production, which we expect in 2024. A weak point was commentary about postponed investment decisions attributable to challenges and delays among car manufacturers. However, already-signed contracts are progressing. Redeye expects to increase its estimates and fair value range based on new assumptions regarding Based on new assumptions regarding antennas for Hella’s future radar generations.
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