Cubesat builder AAC Clyde says Q3 hiccup won’t affect full year, sees Ball Aerospace MoU as ticket to U.S.

by Peter B. de Selding

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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