2019-12-04 18:47:28

Consolidated Research Feed

Gomspace: Waiting for commercial customers to get the go-ahead - Danske Bank

”While Q3 numbers were a disappointment due to low capacity utilisation, the CEO’s message was more positive, as from Q4 GomSpace’s capacity utilisation should be more efficient. Cost measures are set to take near full effect in Q4 and the company seems positive about order momentum in late Q3 and this far into Q4. Management hopes to approach revenue growth again and seems to expect to be cash flow neutral by 2021.

We lower our sales estimates somewhat to reflect delays of customers’ satellite launches, but we also lower our opex assumptions slightly. To get closer to GomSpace´s 2023 revenue target of SEK1.5bn, mainly commercial customers will need to secure funding for launching satellites to allow the important orders to come in.”

Länk till uppdragsanalys nedan.
https://publication.danskebank.com/SingletrackCMS__DownloadDocument?uid=922d2fd9-366e-42b2-a24d-c19f651cee2b&docRef=942f3a5d-be71-40b7-bff0-7887afae2adc&jobRef=b63d3405-d699-48bb-8bb7-3d7a6048d18e

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