Smallsat builder GomSpace reports poor 2019 results, as expected; says backlog guarantees a better 2020

by Peter B. de Selding

PARIS — Small satellite hardware builder GomSpace Group AB of Sweden and Denmark bit the bullet in 2019 and said 2020 should be a turnaround year at least on the revenue side.

The company wiped out more than three-quarters of its backlog with the removal from its books of its largest customer, Sky and Space Global, which continues to seeking financing for its cubesat constellation.

It reduced the value of its 39% stake in satellite tracking startup Aerial & Maritime, which has has . . .

To view the entire article, become a subscriber!

You may also like

Our greatest offer yet

You’ve been selected to enjoy 6 months of access to Space Intel Report for just $245.