GomSpace reported second-quarter revenue of SEK 112 million, a 17% increase from the prior-year period, but fell short of analyst expectations of SEK 127 million. The Danish space technology company posted a net profit of SEK 28 million for the quarter, alongside EBITDA of SEK 14 million with a 13% margin.
First-half revenue rose 30% year-over-year to SEK 197 million, while net profit remained flat at SEK 28 million despite a negative cash flow of SEK 42 million in Q2 and SEK 100 million in the first six months. The company maintained a cash balance of just over SEK 180 million at quarter-end and reported an equity ratio of 41% following a warrant conversion.
Order intake in Q2 reached SEK 240 million, reflecting strong demand across GomSpace’s four business segments: Products, Satellite Systems, National and Defense Solutions, and Advanced Missions. Satellite Systems contributed the largest share of quarterly revenue, while the National and Defense Solutions unit, though generating no revenue in Q2, was highlighted as the primary pipeline for future sovereign contracts. CEO Carsten Drachmann noted the company’s focus on selling solutions rather than standalone satellites, emphasizing progress toward stability.
GomSpace’s shares rose 9.78% in pre-market trading to SEK 12.24, extending gains from the prior close of SEK 11.15. The stock remains well below its 52-week high of SEK 27.20 and above the low of SEK 11.50, with a six-month decline of 44.67%. The company also marked its 10th anniversary on Nasdaq Stockholm.
Strategic projects included the Ukraine UASAT satellite, scheduled for an October 2026 SpaceX launch, and the Indonesia Castor project targeting maritime surveillance. GomSpace also pointed to a potential €35 billion to €42 billion German space defense investment as a long-term opportunity. Earlier this year, the company resolved a 2025 receivables issue by acquiring 30,000 shares in a customer firm, valued at approximately SEK 250 per share, under a put option agreement.
