LA PLATA, Maryland — Small-satellite builder GomSpace A/S of Sweden and Denmark delivered on its promise of reporting positive free cash flow in 2024 and said it may be EBITDA-positive in 2025 on the strength of a much larger backlog and a focus on profitable programs.
The company said total 2024 revenue, which was up 8% to 257 million Swedish krona ($23,8 million), is expected to increase more than 30% in 2025, to 350 million Swedish krona at the midpoint of the forecast.
In . . .
To view the entire article, become a subscriber!
