Business news

    Kleos Space S.A. (ASX:KSS) recognises ?900k of revenue

    Article Image

    Kleos Space S.A. (ASX:KSS) has recognised €900,000.00 of previously deferred revenue after its Vigilance Mission (KSF1) entered the operational phase and reliably delivered data.

    The space-powered defense and intelligence technology company has four satellite clusters, the Scouting Mission, the Vigilance Mission, the Patrol Mission, and the Observer Mission.

    They are monitored for factors such as satellite health status, technological resources, and industrial relations.

    Kelos Space S.A. CEO, Alan Khalili says it expects more contracts and revenue as they bring its Patrol Mission (KSF2) satellites into operational phase.

    Following the announcement, shares of Kleos Space S.A. went up 3%.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa