Smallsat builder GomSpace: Increased revenue, EBITDA in Q2; how to value unpaying customer’s shares?

by Peter B. de Selding

TUPPER LAKE, NY — Small-satellite manufacturer GomSpace reported increased revenue and EBITDA for the three months ending June 30 and an increased cash balance and said it took additional steps to minimize risk from a large constellation customer that has not paid its bills.

Sweden- and Denmark-based GomSpace said that it is focusing much of its attention on prospective defense customers, with promising, but still not fully confirmed, opportunities in Denmark, Ukraine and Indonesia.

“Governments increasingly require sovereign control, resilient communications and persistent intelligence,” Chief Executive . . .

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