BeammWave (BEAMMW) Q1 2025 earnings summary

Executive summary

• Achieved technical and commercial milestones, with three customers across smartphones, base stations, and FWA CPEs, plus a defense project with Saab and Satcom discussions.

• Strengthened partnership with GlobalFoundries for production of beamforming chips using 22FDX process; collaboration with EXTOLL on SerDes.

• Released second commercial version of Advanced Development Platform (ADP1) to accelerate customer onboarding and project velocity.

• Participated in Mobile World Congress 2025, increasing industry visibility and customer engagement.

• Transitioned to English for all public disclosures and updated investor communications.

Financial highlights

• Net sales for Q1 2025 were SEK 1,642K, up from SEK 1,066K in Q1 2024.

• Operating loss improved to SEK -1,326K from SEK -3,887K year-over-year.

• Cash and cash equivalents at period end were SEK 32,626K, compared to SEK 16,070K a year earlier.

• Equity ratio increased to 93% from 87% year-over-year.

• Earnings per share for Q1 2025 were SEK -0.04, compared to SEK -0.29 in Q1 2024.

Outlook and guidance

• Customer engagements progressing well, with strong sales funnel in 5G and Satcom.

• Industry momentum shifting toward digital beamforming, with operators advocating for mmWave bands.

• Optimism for coming quarters as customers prepare to move into next phase and broader adoption is anticipated.