LA PLATA, Maryland — Small satellite manufacturer GomSpace, continuing its road to recovery, reported a 77% increase in revenue for the three months ending March 31 as well as an operating profit and confirmed its full-year forecast of revenue growth and positive free cash flow.
Denmark-and Sweden-based GomSpace said a March investment of 196 million Swedish krona ($20.4 million) by its largest investor, Peter Hargreaves, will enable the company “to pursue larger opportunities, particularly in government and defense markets and to accelerate our global expansion.”
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