GomSpace is a space company that manufactures and operates nanosatellites, offering products and services in the global market for space systems. They specialize in nanosatellite platforms, systems integration, constellation operations management, and miniaturized radio technology. GomSpace serves customers in the defense, academic, government, and commercial markets and has collaborated with organizations like the European Space Agency (ESA) and Startical. Their offerings also include the Hands-Off Operations Platform (HOOP) for satellite operations and space traffic management solutions.
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GomSpace’s IoT business helps design and produce corresponding ground terminals together with the space segment system for IoT solutions.
The MoU between GomSpace and NuSpace builds on NuSpace’s expertise in developing satellite-as-a-service projects and GomSpace’s experience delivering space missions and equipment.
GomSpace signed a Memorandum of Understanding with NuSpace Pte. Ltd. to develop an extended value proposition for Singapore's NewSpace ecosystem.
GomSpace A/S has decided to request disbursement of tranche A amounting to EUR 5 million under its existing credit facility with the European Investment Bank.
GomSpace A/S entered a finance contract with the European Investment Bank on 2022-11-25 granting a credit facility of up to EUR 18 million for a research and development project relating to an enlarged satellite platform as part of GomSpace’s 2022 product investment program.
GomSpace’s buy-back obligation may be fulfilled by a third party nominated by the company and will be triggered upon request by the EIB upon or after the occurrence of (i) a prepayment event or event of default under the finance contract, (ii) a delisting of GomSpace’s shares, (iii) a sale or series of sales of 25 percent of the group’s assets and undertakings, (iv) a transaction in which one or more persons acquire more than 50 percent of voting power or control of GomSpace, or (v) the date that falls five years following the finance contract entered into on 2022-11-25.
Jukka Pertola will steer GomSpace through the management transition and the rights issue planned for 2023-01-01.
GomSpace’s Board of Directors expects to be able to announce a new CEO during the first quarter of 2023.
The MoU between GomSpace, HEMERIA, and CS Group creates a partnership framework to demonstrate the potential of joining forces to develop solutions based on each party’s expertise.
Gomspace expects 2022 revenue to total roughly $17,000,000 to $23 million, down from an earlier full-year forecast of $24,000,000 to $27,000,000.
Gomspace halted work on a contract earlier in October that accounted for just under half of its annual revenues after about $3,600,000 in unpaid invoices and $1,600,000 of unbilled work-in-progress accumulated.
Gomspace reported negative cash flow for the three months ending 2022-06-30 due to the increased cost of completing one large commercial project and several scientific satellite solutions with high non-recurring engineering.
Gomspace reported that net revenues for the second quarter increased 8% to around $4,700,000 compared with the same period last year.
Gomspace delayed the release of its financial results on 2022-10-27 while it seeks payment from a major commercial customer.
In 2018 Gomspace laid off about one third of its workforce after canceling a contract with Sky and Space Global for a 200-cubesat order following missed payments.
The satellites will be based on an upgraded platform co-developed by GomSpace and Unseenlabs in an ongoing project.
GomSpace signed a contract with Unseenlabs to deliver six satellites.
GomSpace signed a contract to deliver two 12-unit cubesats to the German Space Agency, DLR.
GomSpace signed a contract with the German Space Agency DLR to deliver two 12U CubeSats.
ThrustMe’s NPT30-I2-1.5U electric propulsion system will be integrated into the GomSpace-led GOMX-5 technology demonstration mission.