Nanosatellite company Gomspace has raised its forecasts for 2025 following a strong first half of the year and a continued positive trend in the third quarter.
The company now targets sales between SEK 420 million and SEK 450 million, up from the previous range of SEK 320 million to SEK 380 million. The EBITDA margin is expected to be between 6 and 12 percent, compared to the earlier estimate of -2 to 10 percent. The forecast for a positive free cash flow for the year remains unchanged.
"This positive revision reflects the recent organizational expansion undertaken to deliver the significant order secured during the second quarter, as well as the continued higher-than-expected operational activity across the business. The outlook assumes the successful execution of our existing order backlog continues as planned," Gomspace stated in a press release.
The company further noted that ongoing operational ramp-up and later-than-expected customer payments have resulted in increased working capital.
"Consequently, we have revised our forecasts for the recovery of operational cash flow, which we now expect to occur towards the end of the fourth quarter, rather than during the third quarter as previously anticipated. Our forecast assumes that key milestone payments achieved will be received by year-end," the company added.
Gomspace will publish a quarterly update on November 6.
