GomSpace – Presentation of Q3 2023 interim report


This morning, GomSpace released its results for Q3 2023. The quarter’s results showed a significant improvement in the company’s free cash flow and good progress on the gross margin side. Both strong signals that the turnaround, with more focus on cash flow and profitability, are showing effect.At a virtual live event today, GomSpace’s CEO Carsten Drachmann presented the financial results and status of the steps in its current transformation process.The article about the large shareholder Peter Hargreaves mentioned in the video can be found here: https://gomspace.com/british-billionaire-peter-hargreaves-fuels-gomspaces-future.aspxGomSpace is a space company, which is manufacturing and supplying cubesat and small satellite solutions for customers in the academic, government, and commercial markets. Today, GomSpace has a global presence and customers from more than 50 countries.Disclaimer: HC Andersen Capital receives payment from GomSpace for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis, 15:48, 16. November 2023.