AAC Clyde Space - Hyperion augments organic progress
AAC Clyde Space is executing its growth strategy despite the pandemic. Q320 results reflect good organic progression, acquisitions should enhance performance and the recent capital raise facilitates further strategic investment. The recent xSPANCION agreement also provides a path to higher volume production and further developing space as a service (SaaS) content. We have modestly increased our revenue estimates for the continuing business, adding the Hyperion purchase that completed on 10 November. The SpaceQuest deal should complete by the year end.AAC Clyde Space AB, formerly AAC Microtec AB, is a Sweden-based company, which is primarily involved in the aerospace industry. The Company 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 Company specializes in small, purpose-built satellites, as well as sub-systems and components. The Company'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.
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