LA PLATA, Maryland — Small satellite manufacturer GomSpace A/S, which in early 2023 appeared to be in a going-concern level of financial stress, gave investors reason to believe in a turnaround with a sharp increase in backlog and the likelihood of a 19-satellite contract in Indonesia.
Sweden- and Denmark-based GomSpace said it’s sticking with its forecast of being free-cash-flow positive for the rest of the year, as it was in the three months ending June 30.
For the six months ending . . .
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