Cubesat builder AAC Clyde Space reports 9% drop in Q1 revenue, but points to upward trend for the year

by Peter B. de Selding

UPDATE June 10: AAC Clyde said its rights offering was 39% oversubscribed and that the company had raised 82.5 million Swedish krona ($8.75 million) before costs. "Proceeds from the rights issue will further accelerate ÅAC's ability... to take a leading position in the emerging New Space market”, Chief Financial Officer Mats Thideman said. Erik Penser Bank AB was AAC's financial advisor for the transaction.

WASHINGTON — Cubesat manufacturer AAC Clyde Space of Sweden and Scotland reported a 9% drop in revenue for the three months ending . . .

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