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GomSpace (provider of nanosatellites) announces its quarterly results for the third quarter 2016

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GS Sweden AB announces its interim report for the third quarter of 2016. The report is available on the company’s homepage (www.gomspace.com). The following is taken from the quarterly report:

Third quarter summary

1 JULY - 30 SEPTEMBER 2016 (2015) 

  • Net revenues increased to SEK 12.2 million (9.0) 
  • Gross margin increased to 44% (33%) 
  • Operating profit for the period increased to SEK negative 0.36 million (negative 0.95) 
  • Earnings per share were negative SEK 0.04 (negative 1.15) 

1 JANUARY - 30 SEPTEMBER 2016 (2015) 

  • Net revenues increased to SEK 37.1 million (22.1) 
  • Gross margin increased to 58% (30%) 
  • Number of employees increased to 55 (31), corresponding to 38 (29) full-time employees 
  • Operating profit for the period increased to SEK 2.21 million (negative 8.33) 
  • Earnings per share were SEK 0.04 (negative 9.50) 

“The results of the first three quarters of the year were satisfactory and within our expectations. The gross margin is 58% in the first nine months, which is also this time better than our expectation. The investment program is now being implemented, therefore the results are lower than the previous quarters”, CEO Niels Buus commented.

For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
Email: nbu @ gomspace.com

Miscellaneous    

This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12.00 CET on November 28, 2016.

About GS Sweden AB

The Company’s business operations are conducted through the wholly-owned Danish subsidiary, GomSpace ApS, 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 is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.

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