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.

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