Business
GomSpace reports a solid Q1 with 43% revenue growth and positive EBITDA
GomSpace reports a solid Q1 with 43% revenue growth and positive EBITDA
About this update from Gomspace Group Ab
[{"type":"text","content":"GomSpace continues to demonstrate strong revenue growth, delivers positive EBITDA, and takes first step toward delivering sovereign satellite communication solutions in Ukraine.","length":177,"tagName":"p"},{"type":"text","content":"STOCKHOLM, May 7, 2026 /PRNewswire/ --","length":38,"tagName":"p"},{"type":"text","content":"FIRST QUARTER OF 2026","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Order intake increased by 104% to 116,986 T.SEK (57,385)","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue increased by 43% to 126,748 T.SEK (88,803)","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA increased by 29% to 11,222 T.SEK (8,725)","length":47,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating profit (EBIT) increased to 2,505 T.SEK (795)","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Free cash flow is -59,740 T.SEK (4,729)","length":39,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":246,"olType":false},{"type":"text","content":"WORDS FROM THE CEO – Executing in a changing market "2025 is now in the rearview mirror, with more than 70% year-on-year revenue growth and, for the full year, positive EBITDA and EBIT, validating our long-term business model and operational strategy as we enter 2026.","length":274,"tagName":"p"},{"type":"text","content":"Our Q1 2026 financial performance is in line with expectations, with revenue growth of more than 40% compared to the same period last year and positive EBITDA of 9%. ","length":165,"tagName":"p"},{"type":"text","content":"Net profit for the period was positive at SEK 20 million, including financial income of 13 M.SEK related to the fair value of shares received as compensation for delayed payment in the first quarter. This additional profit is related one major customer who, as discussed in Note 17 of the 2026 annual report, continues to have a significant past-due balance. To mitigate associated risks, GomSpace has secured several safeguards, including equity-based compensation, full control of relevant assets, and further collateral in the form of shares, exceeding the outstanding balance. The customer relationship remains strong and constructive.","length":639,"tagName":"p"},{"type":"text","content":"During the quarter, we announced an agreement to establish a j...