AAC Clyde Space: Q1 revenue down on lost data-as-a-service satellite, EBITDA up on insurance payment

by Peter B. de Selding

LA PLATA, Maryland — Small satellite hardware and service provider AAC Clyde Space reported a 3.5% decline in sales for the three months ending March 31, to 71.4 million Swedish krona ($6.7 million), in part due to the loss of a Space Data-as-a-Service (SDaaS) mission following a failed satellite antenna.

Sweden- and Scotland-based AAC Clyde said the Kelpie-1 satellite, whose antenna failed shortly after it arrived in orbit, meant the SDaaS mission to mobile data communications provider Orbcomm Inc. could not be . . .

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