GomSpace – Presentation of FY/Q4 2023 interim report

GomSpace is expected to release its Q4/FY 2023 results on 27 February 2024. The same day at 13:00, CEO Carsten Drachmann will present the results in a virtual live event followed by a Q&A session.

Ahead of the report, GomSpace has released a market update with some preliminary key performance parameters. The parameters showed strong progress on all three pillars in the current transformation process to become a more market-oriented and profitable organization. In Q4 2023, GomSpace delivered a positive cash flow of SEK 21m, which is an incremental improvement of SEK 27m from its Q3 2023 cash flow. Moreover, GomSpace accelerated on both product orders and orders from the US market.

GomSpace also reiterated that they still expect to achieve a record-high year revenue in 2023, surpassing revenues of SEK 214m recorded in 2021. The company also maintained its guidance of reaching a stable positive free cash flow in the second half of 2024.

GomSpace is a space company, manufacturing and supplying cubesat and small satellite solutions for customers in the academic, government, and commercial markets. Today, GomSpace has a global presence and customers from more than 50 countries.

Disclaimer: HC Andersen Capital receives payment from GomSpace for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 13:49, 13 February 2024.