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Gapwaves AB: Redeye: Gapwaves - Increased conviction in telecom outlook

Gapwaves performed in line with our expectations in Q3. In this
update, we have reviewed our market assumptions and revised our
estimates both in the automotive and telecom segment. We believe that
the pre-commercial sales on the automotive side will be lower in the
short term than previously expected. However, the case within telecom
has strengthened, given its recent success in proving the commercial
potential of the technology. We feel confident in the company's
long-term prospects and have raised our base case to SEK 30.

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This is a press release from Redeye - Research Powered Investment


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