Catenae Innovation said it had received payment for an order from Shetland Space Centre (SaxaVord), a satellite launch site and ground station in Unst.
The order was part of a three-phase project to deliver a digital dashboard solution to enable SaxaVord to monitor live satellite operations remotely from anywhere in the world.
Catenae said the contract was fulfilled in December 2022 with the outstanding 50% of the £95,000 contract paid in February 2023, a sum that will be recognised as revenue in the second half of the prior financial year.
Guy Meyer, Catenae’s chief executive, said SaxaVord is one of the UK's leaders in the race to launch satellites into space and the project involved bespoke solutions to allow it to better monitor low earth orbiting satellites.