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Brettos

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31/01/20

13:08

Post #: 42671113
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Originally posted by Coasty89: ↑

Sure there has been some ups and downs, but in the end holders will be rewarded and the trolls will be silenced.

Kleos have released their quarterly this morning. The key highlight being that the delivery of satellites to the launch site is scheduled for the 11th of Feb, 2020.

We expect launch to occur within 1 week of delivery based on industry standard, i.e. mid-February 2020, and shortly after Kleos to start receiving data and therefore revenue.

With over $5m in contracts already secured pre-launch, combined with multiple contracts expected to be received once data is being received from the satellites, 2020 should be a pivotal year for the company in which revenue ramp-up begins.

Q2 FY2020 Key Highlights:

Kleos to ship their satellites to launch pad on the 11th of February 2020 for integration in preparation for launch
We expect launch to occur within 2 weeks of delivery – ie late February 2020
1st REVENUE PAYMENTS RECEIEVED - A$630,000 contract revenue invoiced in December and received in January.
1st Government contract secured - Collaboration with a nation state secured last quarter – we expect more Gov contracts to occur this quarter
Further EUR 300,000 order received - Channel partner and data integrator agreement with Geollect for initial EUR 300k/year order with scope to increase
US subsidiary established to access US government funding and projects, such as the Small Business Innovation Research (SBIR) funding, US Air Force Accelerator program and other federal defence projects.

About Kleos Space (KSS:ASX):

Kleos has developed a cluster of small satellites to deliver a global picture of radio frequency data to assist governments and defence players by improving their maritime intelligence.
Early adopter revenue contracts signed for over $5m - $3m from USA / $2m from South America
Former Managing Director for Airbus Intelligence South America, Pierre Duquesne managing South American Sales / US based Karyn Hayes Ryan 30+ years in US Gov intelligence and procurement for US Gov managing US sales
Signed partnership with L3 Harris (NYSE:LHX)(US$45bn Market Cap), Kleos has been placed on GSA Schedule to rapidly speed up US Government procurement cycle
Multiple US Air Force programs currently in progress with multi-million projects and funding potential
Signed agreements with other global leaders including Airbus Space & Defence, Ball Aerospace (subsidiary of Ball Corporate (NYSE:BLL) and Spire Global
Closest competitor is Hawk-Eye 360 – they recently raised $100m at a $300m valuation and are 6 months ahead of Kleos (same product, satellites launched 6 months ago, ~US$50m in contracts already for data)
DaaS model – Data as a service Allows an ‘unlimited’ number of potential customers
Kleos current Market cap is only $35m

Thanks

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I would still expect keeping in line with the October launch confirmation where it was stated "The four-week launch preparation schedule"
would land the launch window begginnning around 10th March.
Good to see they had some revenue coming in, will need more soon though, or negotiate extentions on convertible notes.
Also confirmed it was ISRO (ie Not Kleos) causing the delays.
Will be good once launched, Hope they use a more reliable provider for the second cluster, or at least some insurances from ISRO if they reuse them.
Maybe once they've launched they might start communicating more as well, instead of hiding.

KSS Price at posting: 36.0¢ Sentiment: None Disclosure: Held
1 Upvote

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