Q2 2025 GomSpace Group AB Earnings Call Transcript
Key Points
- GomSpace Group AB (FRA:1G2) reported a significant 45% increase in revenue for Q2 compared to the same period last year.
- The company achieved a positive EBITDA of approximately 9 million, marking an improvement from just below break-even in the previous year.
- A major contract for 18 satellites worth 215 million Swedish kronas was secured, providing confidence for future growth.
- The company has access to substantial capital, including 196 million from Peter Hargreaves, enhancing its financial stability.
- GomSpace Group AB (FRA:1G2) is strategically investing in sales and business development to capture market momentum and drive future growth.
- The company's free cash flow was negative by 45 million Swedish kronas in Q2, attributed to upfront investments for securing large contracts.
- There was a notable cancellation of a 20 million Swedish krona program order due to the customer's inability to secure financing.
- The net profit was negatively impacted by accounting technicalities related to warrants, despite no cash impact.
- The equity ratio was negative at the end of the quarter, although it was restored in August.
- There is an increase in administrative employees, raising concerns about overhead costs, although it is attributed to strategic investments in sales and development.
Welcome to today's event where we have the pleasure to present GSpace. The occasion is, of course, the financial Q2 and H1 report fresh from the press this morning. Looks like markets are liking what they are seeing, at least at the share price level. So help us to take you through the results and answer question. We are joined by Kas Bachman, CEO of ComSpace.
As always, ask questions in the box down below. There's already a lot of questions and maybe if it's asked, you don't need to ask it. So TRY and read some of the questions. But do feel free to do it. Also, do feel free to ask in Danish, I will TRY and translate that to the best of my ability. But for now, I think I will let you, cast and take the stage.
Thank you, Michael, and welcome to, I'm actually standing right now in the North Sea Oceanariumop in the northern Jutland. It's a bit of a special background you can see right here. We, we're here on a, on an executive team meeting. We're talking
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