Sky and Space Global responds to ASX query

Company News

by Anna Napoli

Sky and Space Global (ASX:SAS) has responded to a request for financial information from the ASX regarding its recent revenue forecasts and the status of its nano-satellites.

The company has defended its recent revenue forecasts of $10-12 million and says the range is a very conservative post risked estimate based on the total value of announced agreements.

Meantime, Sky and Space says it expects the nanosatellites to be delivered on time, with the first batch of satellites with Virgin Orbit planned for mid-2019.

However, the company says this date is a "success orientated" date which is in part dependent on third parties.

Shares in Sky And Space Global (ASX:SAS) last traded at 5.4 cents on the 1st of February.