PARIS — Cubesat builder AAC Clyde reported sharply lower-than-expected revenue and gross profit for the three months ending Sept. 30 but said it will convert enough backlog to reach its full-year revenue target and become EBITDA-positive by year’s end.
The company, which combines the satellite-manufacturing capabilities of AAC Microtec in Sweden and Clyde Space of Scotland, is heading into what may be a crucial period.
Several of its customers are launching their first proof-of-concept satellites. If . . .
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