GomSpace (One-pager): Good momentum on forward-looking indicators
in Q1 2024, results were hit by the cleanup of the order book last year with revenue showing a 36% decline. However, the forward-looking indicators continued to show good progress in the transformation process to profitable growth. Order book is growing, cash flow continues to improve on a sequential basis, and the company realized a growth of 50% in its products business unit and North America. The guidance of positive free cash flow in the second half of 2024 was maintained.
You can also watch the presentation of the Q1 2024 results from last week with the company's CEO Carsten Drachmann here: https://www.inderes.dk/videos/gomspace-presentation-of-q1-2024-interim-report
Disclaimer: HC Andersen Capital receives payment from GomSpace for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 11:15, 20 May 2024.
Login required
This content is only available for logged in users
GomSpace Group
Gomspace Group is an IT company. The company develops, designs, and sells nanosatellites. The products are developed to deliver tracking, communication, and cyber security. They are used in several industries, including defense and security, aviation, and telecommunications. Gomspace Group operates worldwide and is headquartered in Aalborg.
Read more on company page