Gomspace: Cancelled A&M project not a major surprise – Danske Bank
Cancellation of the Aerial & Maritime (A&M) project in Q2 was not a major surprise given recent writedowns. We remove SEK1 per share from our valuation approach to reflect this. Q2 revenue and EBIT, adjusted for A&M settlements, came in slightly shy of our estimates but what we find important is that GomSpace reiterated its 2020 revenue guidance. It also continues to report improving cash flows, ending Q2 with SEK129m in cash.