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Smallsat builder GomSpace continues rebound, forecasts record revenue, positive free cash flow for full year - Space Intel Report

Summary by Space Intel Report
LA PLATA, Maryland — Small satellite manufacturer GomSpace of Denmark and Sweden continued its rebound in Q3 2024 and said it would report positive free cash flow for the year. The company also reduced its pretax loss compared to a year ago despite a slight drop in revenue. In further evidence of the brighter outlook, GomSpace added 20 new hires in Q3. “We will improve project profitability, target best-fit customer projects and expand in North …
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