AAC Clyde Space - SDaaS sales set to grow
AAC Clyde Space continued to experience supply chain delays in Q422, which further constrained performance. An aborted acquisition also incurred an exceptional cost that depressed statutory profits. However, despite project delays, order intake has remained healthy. With an element of deferred revenue recovery adding to FY23 plans, management expects substantial growth, generating positive EBITDA and operating cash flow.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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