BE BEAMMW-B.ST BeammWave AB (B share) Loading... : Investor Sentiment and Bull/Bear Views

The author argues Beammwave's digital beamforming architecture is being positioned into the 3GPP 6G standard after all its South Korea meeting proposals were approved; if locked in, its patents could become Standard-Essential Patents and require licensing by standard-compliant hardware makers, creating high-margin revenue. The stated next catalyst is the January 3GPP technical recommendation, alongside tier-1 prototype testing and a fabless production setup. The main stated risk is temporary cost bumps from initial GlobalFoundries production setup, though the author cites cash runway without near-term dilution risk.

The author argues BeammWave's distributed digital beamforming technology solves a major mmWave 5G problem and is protected by a patent fortress, with the RF-chip bring-up now completed and thereby removing the main remaining technical risk. Large customers/partners are integrating the chips in FWA, CPE, defense and smartphone prototypes, with management expecting volume chip orders in late 2026/early 2027 and 3GPP players like Murata and Sony advocating for the architecture as a 6G reference. Funding is secured and institutional investors were brought in via directed share issues, which the author expects to make the current ~100m USD market cap look cheap. Main stated risks are that BeammWave is still unprofitable and has yet to secure large orders of volume-qualified chips.