Synspective (290A) Q4 2024 earnings summary

Executive summary

• Revenue grew 67.1% year-over-year to ¥2,316.6 million, driven by satellite launches and expanded government contracts.

• Operating loss widened to ¥3,070.2 million from ¥1,795.9 million year-over-year due to increased R&D and listing expenses.

• Net loss attributable to owners of parent increased to ¥3,593.0 million from ¥1,520.5 million year-over-year.

• Listed on the Tokyo Stock Exchange Growth Market in December 2024, raising significant new capital.

Financial highlights

• Net sales: ¥2,316.6 million (up 67.1% year-over-year).

• Operating loss: ¥3,070.2 million (loss of ¥1,795.9 million prior year).

• Ordinary loss: ¥3,594.9 million (loss of ¥1,951.2 million prior year).

• Net loss: ¥3,593.0 million (loss of ¥1,520.5 million prior year).

• Cash and cash equivalents at year-end: ¥14,239.9 million (up from ¥4,468.5 million prior year).

Outlook and guidance

• FY2025 forecast: Net sales ¥2,321 million, operating loss ¥4,524 million, net loss ¥1,482 million.

• Plans to launch two additional satellites by December 2025, targeting increased government sales.

• Revenue expected to benefit from expanding government space budgets and new satellite constellation services starting FY2026.