BeammWave (BEAMMW) Q2 2025 earnings summary

Executive summary

• Launched next-generation Advanced Development Platform (ADP1), with first licensing by an Asian customer and focus on high-volume product transition.

• Entered a joint development agreement with Nitto Denko and appointed Adam Andersson as VP of Business Development and Sales.

• Announced a SEK 65 million rights issue to fund expansion and meet customer demand for volume-qualified products.

• Strengthened presence in Northeast Asia, with strong operator relationships and 50 leads generated at Wireless Japan.

• Investor base surpassed 4,000 shareholders, improving share liquidity and market engagement.

Financial highlights

• Net sales for Q2 2025 were SEK 951K (0 in Q2 2024); H1 2025 net sales reached SEK 2,593K (1,066K in H1 2024).

• Operating loss for Q2 2025 was SEK -7,445K (Q2 2024: -6,085K); H1 2025 operating loss was SEK -8,771K (H1 2024: -9,972K).

• Cash and cash equivalents at June 30, 2025, were SEK 22,308K (30,411K at June 30, 2024).

• Equity ratio remained high at 91% (90% in prior year), with equity of SEK 69,801K (64,200K in prior year).

• Earnings per share for H1 2025 were SEK -0.28 (-0.68 in H1 2024).

Outlook and guidance

• Focus on delivering volume-qualified products to meet customer demand, especially in Asia.

• Anticipates continued cost increases due to expanded engineering and external costs for product development.

• 6G discussions and industry trends reinforce the need for mmWave technology, supporting long-term growth.