We all know that we need funding to the tune of about 50 million which hopefully MM can assist in delivering.
The latest GOMSpace report states that SAS needs funding but this doesnt really reveal any more than what we already know, so this shouldn't be a surpise.
Here is an extract of the opening message from Niels Buus, CEO of GOMSpace....
The number of IOD customers we already have, the prospects we have identified and the new ones that will emerge, make us confident that GomSpace can achieve revenues at SEK 1.5 billion in 2023. We do, however, not expect to reach our previous revenue goal of SEK 820 million in 2021. This is primarily due
to one large customer, Sky and Space Global, that we expect will not have sufficient funds to keep their own schedule. We do however believe that they will get funded enough to keep progressing, but for the time being they are only marginally
included in our forward-looking expectations. We do hope that they will succeed in getting their funding in place since it is a valuecreating project with great potential.
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GOMSpace Financial Report, page-80
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