Gapwaves: Strategic Automotive Move
Research Update
2020-05-07
07:20
Redeye makes smaller adjustments to its valuation after Gapwaves’ Q1’20 report. Since the company seems keener on license deals than before, we have adjusted our expectations accordingly. Despite hurting sales, we believe it will increase margins. The effects offset each other, and we maintain our overall view of Gapwaves’ prospects going forward.
EM
Erika Madebrink
Disclosures and disclaimers