AAC Clyde Space: Supply-chain bottlenecks will delay positive EBITDA/operating cash flow until 2023

by Peter B. de Selding

LA PLATA, Maryland — Small satellite hardware and service provider AAC Clyde Space said it will not meet its goal of positive EBITDA and operating cash flow this year because of continuing supply-chain bottlenecks.

It now expects to reach cash-flow positive in 2023.

AAC Clyde Space’s shares, traded on the NASDAQ First North Premier Growth Market, were down 7.7% in Aug. 25 trading.

The company had said in May that supply-chain pressures, while real, were not serious enough to delay the arrival to positive . . .

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