AAC Clyde Space AB
OTC:ACCMF
AAC Clyde Space AB
AAC Clyde Space AB engages in the provision of advanced small spacecraft, mission services, and subsystems. The company is headquartered in Uppsala, Uppsala. The company went IPO on 2016-12-21. The firm operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The firm specializes in small, purpose-built satellites, as well as sub-systems and components. The firm's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
AAC Clyde Space AB engages in the provision of advanced small spacecraft, mission services, and subsystems. The company is headquartered in Uppsala, Uppsala. The company went IPO on 2016-12-21. The firm operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The firm specializes in small, purpose-built satellites, as well as sub-systems and components. The firm's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
Q3 Performance: Q3 net sales were slightly down year-on-year, but management notes this quarter is seasonally slower and last year's Q3 had an unusual spike.
Guidance Lowered: Full-year net sales guidance was reduced due to delayed large orders (notably Sterna) and a supplier issue with the SKAO project.
Profitability: The company maintained positive EBITDA for the fifth consecutive quarter, with strong margins from data and services.
Cash Flow: Operational cash flow was very negative in the quarter, as expected, due to large payments to suppliers and subcontractors.
Order Backlog: The backlog decreased because expected large orders have been delayed but negotiations are ongoing and the pipeline remains strong.
Growth Outlook: Management expects order backlog and data/services sales to recover and grow in 2026, with new satellites driving growth.
Cost Actions: Workforce adjustments and hiring delays were implemented to offset project delays and improve efficiency.
