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FOURTH QUARTER OF 2020 ● Order intake decreased to T.SEK 73,441 ( 89,347 ) ● Net revenues increased to T.SEK 72,256 ( 38,406 ) ● Gross margin increased to 33 % ( 10 % ) ● Operating profit ( loss ) improved to T.SEK 310 ( a negative 16,628 ) ● GOMSPACE 1 OCTOBER - 31 DECEMBER 2020 AND 1 JANUARY 31 DECEMBER 2020 Earnings per share were a negative SEK 0.08 ( a negative 0.78 ) EVENTS ● GomSpace and Colombian Air Force signed a contract to initiate the FACSAT - 2 satellite mission and associated intensive virtual technology transfer program and a contract to the second FACSAT - 2 contract to support advanced science and tech nology activities to enhance the satellite capa bilities of the Colombian Airforce . Value of both orders are T.SEK 11,556 FINANCIAL SUMMARY T.SEK Orders received Net revenue Gross profit Gross margin Operating profit ( loss ) - As a percentage of revenues Profit ( loss ) before tax - As a percentage of revenues Profit ( loss ) for the period - As a percentage of revenues Cost of goods sold - As a percentage of revenues Sales and distribution costs - As a percentage of revenues Development costs - As a percentage of revenues Administrative costs - As a percentage of revenues Balance sheet items Intangible assets Property , plant and equipment Working capital Net cash and cash equivalents Equity Liabilities FULL YEAR OF 2020 Order intake increased to T.SEK 270,703 ( 192,354 ) Net revenues increased to T.SEK 194,576 ( 136,263 ) Gross margin increased to 24 % ( 13 % ) ● Operating profit ( loss ) improved to a negative T.SEK 30,261 ( a negative 113,856 ) ● ● ● ● Earnings per share were a negative SEK 0.83 ( a negative 2.90 ) The Board proposes no dividend for 2020 ● GomSpace wins significant product order in North America in the geo - intelligence industry to deliver software - defined radio modules and antenna systems . The contract value is T.SEK 5,697 2020 73,441 72,256 23,793 33 % 310 0 % -4,631 -6 % -4,276 -6 % 48,463 67 % 8,398 12 % 5,833 8 % 9,718 13 % Q4 2019 89,347 38,406 3,765 10 % -16,628 -43 % -46,111 -120 % -40,597 -106 % 34,641 90 % 4,393 11 % 3,115 8 % 10,195 27 % ▲ % -18 % 88 % 532 % SERE 23 pp . 102 % 43 pp . 90 % 114 pp . 89 % 100 pp . 40 % -23 pp . 91 % 1 pp . 87 % 0 pp . -5 % -14 pp . OUTLOOK FOR 2021 ● 2020 In 2021 , we expect to generate between SEK 210-235 million in revenue . Jens Maaløe becomes chairman of GomSpace , and Jukka Pertola will continue as the Vice - Chair Full year 146,930 76 % 28,640 15 % 20,387 10 % 30,875 16 % 2019 270,703 192,354 194,576 136,263 47,646 17,994 24 % 13 % -30,261 -113,856 -16 % -84 % -47,659 -146,531 -24 % -108 % -43,566 -151,663 -22 % -111 % 118,269 87 % 43,789 32 % 40,635 30 % 45,030 33 % 117,603 120,554 65,044 85,603 10,682 -20,522 135,502 127,160 247,421 295,682 155,627 141,071 ▲ % 41 % 43 % 165 % 11 pp . 73 % 68 pp . 67 % 84 pp . 71 % 89 pp . 24 % -11 pp . -35 % -17 pp . -50 % -20 pp . -31 % -17 pp . Q4 -2 % -24 % -152 % 7 % -16 % 10 %