Aankondiging • Apr 17
GomSpace Group AB (publ), Annual General Meeting, May 19, 2026 GomSpace Group AB (publ), Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Location: setterwalls advokatbyra`s offices at sturegatan 10, stockholm Sweden Aankondiging • Feb 20
Gomspace Group AB (Publ) Maintains Earnings Guidance for the Year 2026 Gomspace Group AB (Publ) maintained earnings guidance for the year 2026. For the year, the company expects SEK 540 Million - SEK 640 Million. The 2026 outlook represents continued profitable growth from 2025, with revenue increasing more than 30% (midpoint guidance), supported by a healthy order backlog and expanding market opportunities. This growth trajectory reflects the maturation of the existing Business Units and their increasing contribution to group profitability. Aankondiging • Dec 19
Gomspace Group AB (Publ) Updates Revenue Guidance for 2025 GomSpace Group AB (publ) updated revenue guidance for 2025. For the period the company expects the Revenue of SEK 420 million to SEK 450 million. The company reaffirms strong performance expectations for revenue, with results anticipated in the upper half of the previously announced guidance range. Aankondiging • Oct 16
Gomspace Group AB (Publ) Increases Revenue Guidance for the Year 2025 GomSpace Group AB (publ) increased revenue guidance for the year 2025. For the year, the company increased its revenue outlook by more than SEK 100 million; Revenue: SEK 420 million to SEK 450 million (SEK 320 million to SEK 380 million). Aankondiging • Aug 29
An undisclosed buyer proposed to acquire 58.73% stake in GomSpace Group AB (publ) (OM:GOMX) for approximately SEK 570 million. An undisclosed buyer proposed to acquire 58.73% stake in GomSpace Group AB (publ) (OM:GOMX) for approximately SEK 570 million on August 29, 2025. A cash consideration of SEK 566.74 million valued at SEK 6.86 per share will be paid by the buyer. As part of consideration, SEK 566.74 million is paid towards common equity of GomSpace Group AB (publ). The mandatory offer will be financed by existing funds and through loan facilities made available. The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. The board of directors of GomSpace Group AB (publ) recommends the shareholders to not to accept the mandatory offer. The acceptance period for the mandatory offer is expected to run from September 2, 2025 to September 23, 2025. The settlement of the offered consideration to those who have accepted the offer is expected to commence on or around September 30, 2025. Aankondiging • Jun 11
GomSpace Group AB Announces Step Down of Henrik Kølle from the Board of Directors, Effective June 10, 2025 GomSpace Group AB announced that following the recent Annual General Meeting, Hasse Resenbro has been appointed as a non-executive director of GomSpace Group AB. His appointment brings significant defense sector expertise at both the European and global levels, further strengthening the Board's strategic capabilities. Hasse Resenbro is currently serving abroad with the Danish Defense and is expected to fully assume his Board responsibilities during the summer. Henrik Kølle has stepped down from the Board of Directors, effective June 10, 2025, due to current professional commitments. The Board of Directors and the Nomination Committee have jointly concluded that five members are sufficient at this stage and will not propose the appointment of an additional Board member. As a result, the GomSpace Group AB Board now comprises: Stefan Gardefjord (Chair); Steen Lorenz Hansen (Vice Chair); Nikolaj Wendelboe; Kenn Herskind and Hasse Resenbro. Aankondiging • May 15
GomSpace Group AB (publ), Annual General Meeting, May 14, 2025 GomSpace Group AB (publ), Annual General Meeting, May 14, 2025. Aankondiging • May 14
GomSpace Group AB (publ) Elects Hasse Resenbro as Board Member GomSpace Group AB (publ) at its annual general meeting of 2025 held on May 14, 2025, approve to elect Hasse Resenbro as board members. Aankondiging • Feb 15
GomSpace Group AB (publ) Maintains Earnings Guidance for the Year 2025 GomSpace Group AB (publ) maintained earnings guidance for the year 2025. For the year 2025, the company expects revenue is expected in the range of SEK 320 million to SEK 380 million. Aankondiging • Jan 12
GomSpace Group AB (publ) to Report Fiscal Year 2024 Results on Apr 23, 2025 GomSpace Group AB (publ) announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Apr 23, 2025 Aankondiging • Dec 18
GomSpace Group AB (Publ) Provides Earnings Guidance for the Year 2025 GomSpace Group AB (publ) provided earnings guidance for the year 2025. For the year, the company expects revenue to be SEK 320 million to SEK 380 million (2024 estimate: better than SEK 245 million). Aankondiging • Dec 17
GomSpace Signs 61 Million Contract with Unseenlabs, France Following the microsatellite design and development contract signed on May 13, Unseenlabs has, after the six first months of work done, chosen to reconfirm GomSpace as its trusted partner for delivering advanced microsatellite platforms. The agreement, valued at E5.3 million (SEK 61 million), involves the delivery of microsatelliteites, with project completion (after launch) targeted for 2026 spanning approximately 18 months. The contract encompasses the full design and development of the satellite platforms, further solidifying GomSpace's reputation as a leader in the microsatellite market. This contract reinforces GomSpace's position as a rising force in the global space market, delivering tailored, high-performance satellite solutions to an expanding customer base. It also reflects the company's dedication to supporting commercial operators in realizing their business objectives through innovative satellite platforms. Reported Earnings • Aug 25
Second quarter 2024 earnings released: kr0.067 loss per share (vs kr0.25 loss in 2Q 2023) Second quarter 2024 results: kr0.067 loss per share (improved from kr0.25 loss in 2Q 2023). Revenue: kr65.9m (up 31% from 2Q 2023). Net loss: kr9.43m (loss narrowed 73% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 28
Full year 2023 earnings released: kr1.14 loss per share (vs kr3.76 loss in FY 2022) Full year 2023 results: kr1.14 loss per share (improved from kr3.76 loss in FY 2022). Revenue: kr234.5m (up 18% from FY 2022). Net loss: kr115.6m (loss narrowed 49% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 03
GomSpace Group AB (publ), Annual General Meeting, May 17, 2024 GomSpace Group AB (publ), Annual General Meeting, May 17, 2024. Aankondiging • Nov 17
GomSpace Group AB (publ) Provides Revenue Guidance for the Year 2023 GomSpace Group AB (publ) provided revenue guidance for the year 2023. For the year, The company anticipates surpassing the highest revenue recorded in 2021, which was SEK 214 million, by the end of this year. Reported Earnings • Nov 17
Third quarter 2023 earnings released: kr0.24 loss per share (vs kr1.95 loss in 3Q 2022) Third quarter 2023 results: kr0.24 loss per share (improved from kr1.95 loss in 3Q 2022). Revenue: kr67.7m (up 274% from 3Q 2022). Net loss: kr34.2m (loss narrowed 72% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year whereas the company’s share price has fallen by 50% per year. New Risk • Oct 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr167m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr167m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€16.4m market cap, or US$17.2m). Board Change • Oct 05
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Vice Chairman Steen Lorenz Johan Hansen is the most experienced director on the board, commencing their role in 2017. Independent Director Nikolaj Wendelboe was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Aankondiging • Sep 27
GomSpace Announces Board Changes, Effective October 1, 2023 GomSpace announced a change in the board of directors, appointing Stefan Gardefjord as new chairman and Steen Hansen as vice-chair from October 1, 2023. As previously announced, the current Chair Jukka Pertola was expected to step down from the board 2023 and leaves the board as from 1 October 2023. Stefan Gardefjord comes with long history and experience from the space Industry, most recently as President & CEO for Swedish Space Corporation AB, a pioneer and leader in providing advanced space services globally. Stefan joined the company board of directors after the general assembly on May 31, 2023. Further, the company is securing continuity in the Board leadership, by appointing long-term Board member and key investor, Steen Hansen, as vice-Chair. Steen is representing the company second largest investor, Hansen & Langland Aps, and has been on the board of directors since 2017. Recent Insider Transactions • Sep 19
Director recently bought €7.5k worth of stock On the 13th of September, Kenn Herskind bought around 65k shares on-market at roughly €0.12 per share. This transaction increased Kenn's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Aug 24
GomSpace Group AB (publ) to Report Q3, 2023 Results on Nov 21, 2023 GomSpace Group AB (publ) announced that they will report Q3, 2023 results on Nov 21, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: kr0.25 loss per share (vs kr0.46 loss in 2Q 2022) Second quarter 2023 results: kr0.25 loss per share. Revenue: kr50.3m (down 1.9% from 2Q 2022). Net loss: kr35.0m (loss widened 23% from 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Aankondiging • Jun 01
GomSpace Group AB (Publ) Approves Board Appointments GomSpace Group AB (publ) announced that at its Annual general meeting held on May 31, 2023, elected Stefan Gardefjord and Henrik Kølle as new board members. Reported Earnings • May 28
First quarter 2023 earnings released: kr0.24 loss per share (vs kr0.064 profit in 1Q 2022) First quarter 2023 results: kr0.24 loss per share (down from kr0.064 profit in 1Q 2022). Revenue: kr78.2m (flat on 1Q 2022). Net loss: kr14.4m (down kr17.8m from profit in 1Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 08
Full year 2022 earnings released: kr3.76 loss per share (vs kr0.52 loss in FY 2021) Full year 2022 results: kr3.76 loss per share (further deteriorated from kr0.52 loss in FY 2021). Revenue: kr198.4m (down 7.1% from FY 2021). Net loss: kr227.8m (loss widened kr200.5m from FY 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Aankondiging • Feb 07
GomSpace Group AB (publ) Provides Earnings Guidance for the Year 2023 GomSpace Group AB (publ) provided earnings guidance for the year 2023. For the year, company expects to generate SEK 250 million - SEK 290 million in revenue, including Third-Party low margin revenue, LBIT to be 25% to 15%. Reported Earnings • Nov 29
Third quarter 2022 earnings released: kr1.95 loss per share (vs kr0.14 loss in 3Q 2021) Third quarter 2022 results: kr1.95 loss per share (further deteriorated from kr0.14 loss in 3Q 2021). Revenue: kr18.1m (down 64% from 3Q 2021). Net loss: kr122.2m (loss widened kr115.0m from 3Q 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The analyst covering GomSpace Group previously expected the company to break even in 2023. New forecast suggests losses will reduce by 43% per year to 2023. The company is expected to make a profit of kr17.0m in 2024. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Breakeven Date Change • Oct 10
Forecast breakeven date pushed back to 2024 The analyst covering GomSpace Group previously expected the company to break even in 2023. New forecast suggests losses will reduce by 43% per year to 2023. The company is expected to make a profit of kr17.0m in 2024. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Aankondiging • Oct 08
Gomspace Group AB (Publ) Lower Earnings Guidance for Full Year 2022 Gomspace Group AB (Publ) lowered earnings guidance for full year 2022. For the year, the company expects Revenue outlook will be lowered to SEK 190 million to 250 million (previously SEK 264 million to 292 million). Reported Earnings • Jul 26
Second quarter 2022 earnings released: kr0.46 loss per share (vs kr0.21 loss in 2Q 2021) Second quarter 2022 results: kr0.46 loss per share (down from kr0.21 loss in 2Q 2021). Revenue: kr51.3m (up 7.8% from 2Q 2021). Net loss: kr28.5m (loss widened 154% from 2Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Jul 08
GomSpace Receives Authorisation to Proceed from Unseen Labs to Initiate Production GomSpace has received an authorisation to proceed (ATP) from Unseen Labs to initiate production of key products for an upcoming satellite project. The ATP value is SEK 12 million. Products are expected to be ready by the end of 2022. The purpose of the ATP is to ensure availability of specific products that currently have long lead times due to the current worldwide shortage of semiconductor components. Board Change • Jun 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Jens Maaloe was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 11
GomSpace Group AB (publ) Announces Executive Changes GomSpace Group AB (publ) approved to discharge Jesper Jespersen, upon his own request, from the board of directors, and elect Kenn Herskind as new board member for the period until the end of the next annual general meeting, at its extraordinary general meeting held on June 10, 2022. Reported Earnings • Apr 06
Full year 2021 earnings released: kr0.52 loss per share (vs kr0.83 loss in FY 2020) Full year 2021 results: kr0.52 loss per share (up from kr0.83 loss in FY 2020). Revenue: kr213.6m (up 9.8% from FY 2020). Net loss: kr27.3m (loss narrowed 37% from FY 2020). Over the next year, revenue is forecast to grow 32%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Feb 25
GomSpace Group AB (publ) Appoints Thomas Pfister as New Chief Commercial Officer, Effective March 1, 2022 GomSpace Group AB (publ) announced the appointment of Thomas Pfister as the new Chief Commercial Officer (CCO), as per March 1, 2022. Mr. Pfister has many years of leadership experience within a major global defence and space company. Mr. Pfister is based in Toulouse, France, where he will further materialise GomSpace's executive multinational and European presence. Mr. Pfister is based in Toulouse, France, where he will further materialise GomSpace's executive multinational and European presence. Breakeven Date Change • Feb 04
Forecast breakeven date pushed back to 2023 The 2 analysts covering GomSpace Group previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of kr21.9m in 2023. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Reported Earnings • Feb 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr0.52 loss per share (up from kr0.83 loss in FY 2020). Revenue: kr213.6m (up 9.8% from FY 2020). Net loss: kr27.3m (loss narrowed 37% from FY 2020). Revenue missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 30%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Feb 01
Gomspace Group AB (Publ) Announces Earnings Guidance for Full Year 2022 Gomspace Group AB (Publ) announced earnings guidance for full year 2022. For the period, the company expects revenue to be SEK 264 million to SEK 292 million with a growth of 30% and EBIT to be than -15%. Earnings next year will be impacted by increased investments in product development of standard products, which will improve margins in future projects. Reported Earnings • Oct 26
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr49.7m (up 27% from 3Q 2020). Net loss: kr7.26m (loss narrowed 2.4% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 2 analysts covering GomSpace Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr27.6m in 2022. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Reported Earnings • Jul 20
Second quarter 2021 earnings released: kr0.21 loss per share (vs kr0.47 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr47.5m (up 11% from 2Q 2020). Net loss: kr11.3m (loss narrowed 54% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Aankondiging • May 28
GomSpace Group AB Revises Earnings Guidance for 2021 GomSpace increases revenue outlook for 2021 to SEK 245 million -SEK 270 million from previous guidance of SEK 210 million -SEK 235 million, which was stated in the First Quarter Interim Report. The reason is mainly an increase in order intake from among others the in-orbit demonstration project Startical, with Indra and Enaire. Reported Earnings • Apr 26
First quarter 2021 earnings released: kr0.24 loss per share (vs kr0.14 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr35.2m (down 13% from 1Q 2020). Net loss: kr12.5m (loss widened 67% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Aankondiging • Apr 26
GomSpace Group AB (publ) Reaffirms Revenue Guidance for the Year 2021 GomSpace Group AB (publ) reaffirmed revenue guidance for the year 2021. For the year, the company maintained revenue expectations of SEK 210 million to SEK 235 million. Reported Earnings • Apr 04
Full year 2020 earnings released: kr0.83 loss per share (vs kr2.90 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr194.6m (up 43% from FY 2019). Net loss: kr43.6m (loss narrowed 71% from FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 06
New 90-day high: €1.94 The company is up 84% from its price of €1.05 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.39 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: kr0.83 loss per share (vs kr2.90 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr194.6m (up 43% from FY 2019). Net loss: kr43.6m (loss narrowed 71% from FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 6.7%, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. Aankondiging • Jan 14
GomSpace Group AB (Publ) Increases Revenue Guidance for 2020 GomSpace Group AB (publ) increased revenue guidance for 2020. For the period, GomSpace increases revenue outlook for 2020 to 185-200 MSEK from previous guidance of 160-185 MSEK, which was stated in the Third Quarter Interim Report.
The increase is caused mainly by sub-contracting in Luxembourg, which has been executed earlier than expected. Is New 90 Day High Low • Dec 29
New 90-day high: €1.47 The company is up 64% from its price of €0.90 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.36 per share. Aankondiging • Dec 23
GomSpace Signs Three-Party Cooperation Contract to Develop Science and Technology Activities with the Colombian Air Force and CODALTEC GomSpace has signed the second FACSAT-2 contract to support advanced science and technology activities to enhance the satellite capabilities of the Colombian Airforce. The contract and collaboration consist of a three-party agreement between CODALTEC /Colombian Air Force ("FAC") and GomSpace to continue the FACSAT-2 satellite mission and associated intensive virtual technology transfer program. The contract is worth SEK 3.91 million (USD 472.800) and will be delivered during the second half of 2021. The FACSAT-2 project comprises design, manufacture, test, and operation of an advanced 6U remote sensing spacecraft. The program will build on the successful collaboration established and local capability built during the FACSAT-1 program under which a Colombian 3U satellite was launched in 2018 and is in continued operation by FAC. The science and technology contract covers to a certain extent the critical design phase. The specific objectives of this contract are focused on joining efforts for the development of the technology and knowledge transfer program and co-development of the required documentation in the critical design phase of the mission. The present contract shall be seen as an add on to the contract announced in October 2020. Aankondiging • Dec 19
GomSpace Group AB (publ) Announces Appointment of Jens Maaløe as Chairman in Gomspace GomSpace Group AB (publ) announced that the Board of Directors has been reconstituted by the request of the Chairman Jukka Pertola. Jens Maaløe has been appointed to serve as Chair of the reconstituted Board, whereas Jukka Pertola will continue as the Vice Chair. Is New 90 Day High Low • Dec 08
New 90-day high: €1.14 The company is up 9.0% from its price of €1.05 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.99 per share. Aankondiging • Nov 02
GomSpace Signs Contract with CODALTEC / Colombian Air Force GomSpace has signed a contract with CODALTEC /Colombian Air Force (FAC) to initiate the FACSAT satellite mission and associaiated intensive virtual technology transfer program. The contract is worth SEK 6.9 million (USD 770,000) and will be delivered over the next 6-8 months. The FACSAT-2 project comprises design, manufacture, test and operation of an advanced 6U remote sensing spacecraft. The program will build on the successful collaboration established and local capability built during the FACSAT-1 program under which a Colombian 3U satellites was launched in 2018 and is in continued operation by FAC. This is the second step to develop a small satellite capability in Colombia with the Colombian Air Force directly involved in all phases of implementing the program. The present contract covers preliminary design activities and continued capacity building to be performed with close collaboration between GomSpace experts and FAC personnel. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total losses of kr79.9m, with losses narrowing by 52% from the prior year. Total revenue was kr160.7m over the last 12 months, up 16% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 0.2% at kr40.2m. Revenue is forecast to grow 27% over the next year, compared to a 8.4% decline forecast for the Aerospace & Defense industry in Germany.