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Gapwaves AB provides products and services for wireless communication through the patented GAP waveguide technology, it will automotive and telecom to create efficient mm-wave antenna systems that contribute to re-defining everyday life. It focuses currently on two markets; waveguide antennas for radar and wireless communication. It has a geographic presence in Sweden, the EU, and the rest of the world.
2011
44
LTM Revenue $8.7M
LTM EBITDA -$2.9M
$58.8M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Gapwaves has a last 12-month revenue (LTM) of $8.7M and a last 12-month EBITDA of -$2.9M.
In the most recent fiscal year, Gapwaves achieved revenue of $6.9M and an EBITDA of -$4.6M.
Gapwaves expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Gapwaves valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $8.7M | XXX | $6.9M | XXX | XXX | XXX |
| Gross Profit | $5.7M | XXX | $4.5M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | -$2.9M | XXX | -$4.6M | XXX | XXX | XXX |
| EBITDA Margin | -33% | XXX | -67% | XXX | XXX | XXX |
| EBIT | -$3.4M | XXX | -$4.1M | XXX | XXX | XXX |
| EBIT Margin | -39% | XXX | -60% | XXX | XXX | XXX |
| Net Profit | -$3.7M | XXX | -$5.4M | XXX | XXX | XXX |
| Net Margin | -43% | XXX | -79% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of September 3, 2025, Gapwaves's stock price is SEK 19 (or $2).
Gapwaves has current market cap of SEK 600M (or $62.4M), and EV of SEK 566M (or $58.8M).
See Gapwaves trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $58.8M | $62.4M | XXX | XXX | XXX | XXX | $-0.13 |
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Start Free TrialAs of September 3, 2025, Gapwaves has market cap of $62.4M and EV of $58.8M.
Gapwaves's trades at 8.5x EV/Revenue multiple, and -12.7x EV/EBITDA.
Equity research analysts estimate Gapwaves's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Gapwaves has a P/E ratio of -16.7x.
See valuation multiples for Gapwaves and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $62.4M | XXX | $62.4M | XXX | XXX | XXX |
| EV (current) | $58.8M | XXX | $58.8M | XXX | XXX | XXX |
| EV/Revenue | 6.7x | XXX | 8.5x | XXX | XXX | XXX |
| EV/EBITDA | -20.4x | XXX | -12.7x | XXX | XXX | XXX |
| EV/EBIT | -17.3x | XXX | -14.2x | XXX | XXX | XXX |
| EV/Gross Profit | 10.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | -16.7x | XXX | -11.5x | XXX | XXX | XXX |
| EV/FCF | -25.8x | XXX | -18.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialGapwaves's last 12 month revenue growth is 45%
Gapwaves's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Gapwaves's rule of 40 is -176% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Gapwaves's rule of X is 79% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Gapwaves and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 45% | XXX | 43% | XXX | XXX | XXX |
| EBITDA Margin | -33% | XXX | -67% | XXX | XXX | XXX |
| EBITDA Growth | -56% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -176% | XXX | -22% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 125% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Elsight | XXX | XXX | XXX | XXX | XXX | XXX |
| Intracom Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Optronics Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Thaicom | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Gapwaves acquired XXX companies to date.
Last acquisition by Gapwaves was XXXXXXXX, XXXXX XXXXX XXXXXX . Gapwaves acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Gapwaves founded? | Gapwaves was founded in 2011. |
| Where is Gapwaves headquartered? | Gapwaves is headquartered in Sweden. |
| How many employees does Gapwaves have? | As of today, Gapwaves has 44 employees. |
| Who is the CEO of Gapwaves? | Gapwaves's CEO is Mr. Jonas Ehinger. |
| Is Gapwaves publicy listed? | Yes, Gapwaves is a public company listed on STO. |
| What is the stock symbol of Gapwaves? | Gapwaves trades under GAPW B ticker. |
| When did Gapwaves go public? | Gapwaves went public in 2016. |
| Who are competitors of Gapwaves? | Similar companies to Gapwaves include e.g. TKH Group, Elsight, Intracom Holdings, Optronics Technologies. |
| What is the current market cap of Gapwaves? | Gapwaves's current market cap is $62.4M |
| What is the current revenue of Gapwaves? | Gapwaves's last 12 months revenue is $8.7M. |
| What is the current revenue growth of Gapwaves? | Gapwaves revenue growth (NTM/LTM) is 45%. |
| What is the current EV/Revenue multiple of Gapwaves? | Current revenue multiple of Gapwaves is 6.7x. |
| Is Gapwaves profitable? | Yes, Gapwaves is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Gapwaves? | Gapwaves's last 12 months EBITDA is -$2.9M. |
| What is Gapwaves's EBITDA margin? | Gapwaves's last 12 months EBITDA margin is -33%. |
| What is the current EV/EBITDA multiple of Gapwaves? | Current EBITDA multiple of Gapwaves is -20.4x. |
| What is the current FCF of Gapwaves? | Gapwaves's last 12 months FCF is -$2.3M. |
| What is Gapwaves's FCF margin? | Gapwaves's last 12 months FCF margin is -26%. |
| What is the current EV/FCF multiple of Gapwaves? | Current FCF multiple of Gapwaves is -25.8x. |
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