AAC Clyde: Goal of positive EBITDA and cash flow in 2021 may be out of reach as Covid-19 slows orders

by Peter B. de Selding

CARSAC DE GURSON, France — Small satellite hardware and service provider AAC Clyde Space said it may not reach its goal of positive cash flow and EBITDA in 2021 given the amount of growth that would be required and the headwinds caused by the Covid-19 pandemic.

Sweden- and Scotland-based AAC Clyde nonetheless fell just short of being cash-flow positive in the three months ending June 30, reporting a negative cash flow of 400,000 Swedish krona on revenue of 18.5 million krona ($1.99 million).

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