GomSpace reduces 2021 revenue forecast, says supply chain, hiring challenges will delay revenue from booked contracts

by Peter B. de Selding

PARIS — Small satellite builder GomSpace lowered its revenue forecast for 2021, saying the global electronics-component shortage and difficulty in hiring enough new people have combined to slow the conversion of backlog to revenue.

Sweden- and Denmark-based GomSpace said revenue for the nine months ending Sept. 30 was up 8.3% over the same period last year, to 132.5 million Swedish krona ($15.1 million).

New orders were also up, by 35%, to 266.3 million krona, for the nine-month period. Backlog at Sept . . .

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