GomSpace (provider of nanosatellites) announces its quarterly results for the third quarter 2016

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11/28/2016

GS Sweden AB announces its interim report for the third quarter of 2016. The report is available on the company’s homepage (www.gomspace.com). The following is taken from the quarterly report:

Third quarter summary

1 JULY - 30 SEPTEMBER 2016 (2015) 

  • Net revenues increased to SEK 12.2 million (9.0) 
  • Gross margin increased to 44% (33%) 
  • Operating profit for the period increased to SEK negative 0.36 million (negative 0.95) 
  • Earnings per share were negative SEK 0.04 (negative 1.15) 

1 JANUARY - 30 SEPTEMBER 2016 (2015) 

  • Net revenues increased to SEK 37.1 million (22.1) 
  • Gross margin increased to 58% (30%) 
  • Number of employees increased to 55 (31), corresponding to 38 (29) full-time employees 
  • Operating profit for the period increased to SEK 2.21 million (negative 8.33) 
  • Earnings per share were SEK 0.04 (negative 9.50) 

The results of the first three quarters of the year were satisfactory and within our expectations. The gross margin is 58% in the first nine months, which is also this time better than our expectation. The investment program is now being implemented, therefore the results are lower than the previous quarters”, CEO Niels Buus commented.

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