Cubesat builder GomSpace: 2017 revenue up, but larger operating loss with hiring binge

by Peter B. de Selding

PARIS — European cubesat builder GomSpace reported a 78% increase in revenue but lower gross margin and a much wider operating loss in 2017 as it invested in new plant and equipment capacity and more than doubled its employment by the end of the year.

The company added subsidiaries in the United States, Luxembourg and Singapore during the year and said the growth of its core cubesat/nanosatellite market was even faster than expected.

In a note to shareholders on its annual results, GomSpace said it was sticking with its . . .

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