AAC Clyde Q1 organic revenue up 24% — 55% with new acquisitions — as company nears profitability

by Peter B. de Selding

PARIS — Merchant small-satellite builder AAC Clyde Space neared EBITDA-positive territory in Q1 2021 and with the help of new acquisitions increased revenue by 55%. Revenue increased 24% organically.

Chief Executive Luis Gomes said the company’s new posture, with operations in Sweden, Scotland, the Netherlands and the United States, puts it on track to meet its goal of profitability by 2022 and a 5X increase in revenue, to 500 million Swedish krona, or $60 million, by 2024.

It’s a long way from here to . . .

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