GomSpace (provider of nanosatellites) announces its quarterly results for the first quarter 2021

GomSpace Group AB (the “Company”) announces its interim report for the first quarter of 2021. The report is available on the Company’s homepage (www.gomspace.com). The following is taken from the quarterly report:
 

First quarter summary

1 January – 31 March 2021 (2020)

• Order intake increased to T.SEK 23,798 (18,448)
• Net revenues decreased to T.SEK 35,245 (40,455)
• Gross margin decreased to 3% (24%)
• Operating profit (loss) decreased to a negative T.SEK 13,911 (a negative 8,478)
• Earnings per share were a negative SEK 0.24 (a negative 0.14)

Events

• GomSpace and J.P. Morgan test blockchain transaction on GOMX-4 constellation
• In April, GomSpace signed a contract to continue developing and delivering nanosatellite platforms to UnseenLabs in France. The contract has a value of T.SEK 35,500
   

"In the first quarter order intake was 24 million compared to 18 million last year.

Revenue decreased from 40 million last year to 35 million, which is slightly lower than expected due to accruals and specific re-evaluation on projects, as well as a global shortage in the supply of electronics components.
In the previous quarter, the revenue was 72 million. Since most of our revenue arrives from delivering projects, the revenue will fluctuate from quarter to quarter, and we often see a lower revenue at the beginning of the year. 

We maintain our full-year revenue expectations of 210 to 235 million.” CEO Niels Buus commented.

For more information, please contact:

Niels Buus (CEO)
Tel: +45 40 31 55 57
E-mail: nbu @ gomspace.com

About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB, info@fnca.se, +46-8-528 00 399 is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.

Miscellaneous
GomSpace Group AB (publ) is obligated to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 08:00 a.m. CET on April 26, 2021.