Gomspace: Higher 2020 revenue guidance than expected - Danske Bank

Thursday, March 5, 2020 2:04 PM
"Q4 order intake was higher than we estimated, as was the 2020 revenue guidance. Q4 figures were lower than our estimates and GomSpace wrote down a large part of its A&M holding, reflecting lower expectations of a large-scale constellation. This has led to a lower valuation but we raise our underlying estimates slightly. GomSpace seems to have left the turbulent 2019 behind and improved visibility on client funding would be beneficial for the valuation."

Link to commissioned research below.