News

For the first three quarters of this year, Scanway reported total revenue of 8.43 mln zł, up 73% from the same period last year. The Company’s order backlog as of November 12 of this year stands at PLN 16.45 million, more than five times higher than the PLN 2.9 million recorded on December 31, 2023. Progress on constellation projects with Nara Space of South Korea and Marble Imaging of Germany points to a strong revenue-driven finish to the year. Additionally, the success of the October funding round—which raised PLN 3.5 million gross amid investor demand that significantly exceeded the offering size—enables the Company to pursue new investment initiatives aimed at business growth.

The agreement signed on November 8 with Flytronic (a member of the WB GROUP)—a leading Polish manufacturer of unmanned platforms—formalizes a previous letter of intent signed in August. As part of the collaboration, Scanway will develop components for the observation payload. Alongside the PIAST space project and the cooperation agreement with ICEYE, this is another key step in building Scanway’s position in the large and promising defense market.

In light of the Company’s rapid growth and the contracts it has secured, Scanway’s Management Board has begun the process of securing additional financing. The Company will allocate the funds raised from investors to expand the infrastructure necessary for the construction of larger-diameter telescopes and to support R&D activities in collaboration with Flytronic S.A. The Company will also use the additional capital to support current and future projects, including costs associated with the planned transition to the regulated market of the Warsaw Stock Exchange (GPW) in 2025. The Scanway share offering attracted significant interest from investors—demand substantially exceeded the offering size, and the price per share was set at 35.00 PLN through an accelerated bookbuilding (ABB) process. The offering comprised 100,000 shares, with a total value of 3.5 mln zł.

In light of the Company’s rapid growth and the contracts it has secured, Scanway’s Management Board has begun the process of raising additional funding. The Company will allocate the funds raised from investors to the expansion of the infrastructure necessary for the construction of larger-diameter telescopes and to R&D work in cooperation with Flytronic S.A. The Company will also use the additional capital to support current and future projects, including costs associated with the planned transition to the regulated market of the Warsaw Stock Exchange (GPW) in 2025. The Scanway share offering attracted significant interest from investors—demand substantially exceeded the offering size, and the price per share was set at 35.00 PLN through an accelerated bookbuilding (ABB) process. The offering comprised 100,000 shares, with a total value of 3.5 million PLN.

The Cooperation Agreement signed today at MSPO aims to create synergies among Polish companies in order to enhance their growth potential for the benefit of national security.

The Cooperation Agreement signed today at MSPO aims to create synergies among Polish companies in order to enhance their growth potential for the benefit of national security.

Scanway has published its results for the second quarter of 2024, during which it generated a record PLN 3.8 million in total revenue, representing a 115% increase year-over-year. This significant revenue growth is primarily attributable to the substantial expansion of the Space business line, which generated 3.1 million PLN in revenue—3.0 million PLN more than in the same period last year. This is due, among other factors, to Scanway’s growing recognition and position on the international stage, which the Company effectively translates into new contracts—in May of this year with Nara Space Technology worth 1.7 million euros, and in July of this year with Marble Imaging worth 3.2 million euros. Scanway achieved positive results across all key profitability metrics: PLN 1.5 million in EBITDA and PLN 1.2 million in net income. The Company’s backlog increased from 9.8 mln zł as of May 15, 2024, to 19.3 mln zł as of August 12, 2024, a 97% increase.

Scanway has published its results for the second quarter of 2024, during which it generated a record PLN 3.8 million in total revenue, representing a 115% increase year-over-year. This significant revenue growth is primarily attributable to the substantial expansion of the Space business line, which generated 3.1 million PLN in revenue—3.0 million PLN more than in the same period last year. This is due, among other factors, to Scanway’s growing recognition and position on the international stage, which the Company effectively translates into new contracts—in May of this year with Nara Space Technology worth 1.7 million euros, and in July of this year with Marble Imaging worth 3.2 million euros. Scanway achieved positive results across all key profitability metrics: PLN 1.5 million in EBITDA and PLN 1.2 million in net income. The Company’s backlog increased from 9.8 mln zł as of May 15, 2024, to 19.3 mln zł as of August 12, 2024, a 97% increase.

On August 9, 2024, Scanway S.A. signed a letter of intent with Flytronic S.A., a leading Polish
manufacturer of unmanned platforms and a member of the WB Group. The goal
of the collaboration is to develop specialized optoelectronic solutions. The agreement
also includes cooperation in the area of training and mutual education in this field. Following the PIAST space project carried out for
the Polish Ministry of National Defense and in cooperation with, among others, the Polish Academy of Technology, this
is another Scanway initiative aimed at increasing its presence in the promising
defense segment.