The company reconfirms the video conference and CEO interview scheduled for
- Free cashflow reached a positive 21 MSEK for Q4 2023, compared to -6 MSEK in Q3 2023.
- End of year 2023 cash balance of 61 MSEK, up from 46 MSEK in Q3 2023.
- The company maintains its guidance of reaching a stable positive free cashflow in the second half of 2024.
-
The company maintains its indication for a record high year for revenue in 2023, surpassing revenues of 214 MSEK recorded in 2021.
In addition, the Company highlights order intake in key focus areas:
- Product order intake shows a continuous positive trend with 39 MSEK for Q4 (incl.
North America ), compared to 22 MSEK in Q3 2023. - The annual global Product order intake amounted to 95 MSEK in 2023, a strong improvement over the 60 MSEK recorded in 2022.
North America exhibited momentum with a Q4 product order intake of 7.5 MSEK, bringing the annual total to 15 MSEK.-
46-52 MSEK contract signed with Startical on
December 11, 2023 . This includes a final settlement toGomSpace of 16 MSEK and concludes all open points from the previous contract. -
17 MSEK contract for
Mission Control Software development onDecember 20, 2023 . -
10 MSEK contract for Juventas Mission Control on
December 5, 2023 .
CEO
To reach that goal, the strategic focus for 2024 encompasses three key areas:
- Outperforming the 2023 Product order intake globally, with a specific emphasis on solidifying our Product business as a substantial contributor to company profitability.
- Capitalizing on
North America 's position as the largest global market for new space, anticipating sustained growth beyond 2023 through a mix of small and mid-size deals, with potential for larger contracts. - In the Program business, dedicated to building specialized satellites for various missions, our objective is to at least maintain current activity levels with an emphasis on improved profitability. In addition, exploring larger opportunities remains a constant focus."
One such significant opportunity is the contract with the Indonesian Government, announced on
Preliminary fourth quarter presentation
The Company will give a market update on the original planned time for the fourth quarter 2023 report, at a webinar on
For more information, please contact:
Tel: +45 40 63 40 36
E-mail: cdra @ gomspace.com
About
The company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in
Miscellaneous
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