PARIS — Small satellite builder AAC Clyde Space, moving its business focus to offering data services to third-party customers on its own fleet, reported a 23% increase in net sales for the three months ending Sept. 30 and a positive EBITDA for the third consecutive quarter.
Scotland- and Sweden-based AAC Clyde’s order backlog stood at 433.6 million Swedish krona ($41.4 million) as of Sept. 30. The company reported cash and equivalents at 22.7 million krona, enough to fund the business for the coming months.
“Our consistently improving financials place the company in a . . .
To view the entire article, become a subscriber!
