AAC Clyde Space Quarterly and Full Year Results

2022-02-17 AAC Clyde Space AB (publ)

Fourth quarter, October-December 2021 (compared with October-December 2020)

  • Net sales increased 116% to SEK 62.1 M (28.7)
  • · Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK -1.0 M (-10.9) and to 0.0 M (-1.6) excluding non-recurring personnel costs of -1.0 M (-1.7) and acquisition costs of 0 M (-7.6)
  • Earnings before interest and tax (EBIT) amounted to SEK -8.0 M (-13.2)
  • The loss after tax was SEK -8.3 M (-13.4)
  • Basic and diluted earnings per share amounted to SEK -0.04 (-0.14)
  • Cash flow from operating activities totalled SEK -1.7 (-11.7)
  • The order backlog increased 161% to SEK 407.2 M (156.3)
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UK Working with Global Partners to Clear up Dangerous Space Debris

Location of the 24,000 debris larger than 10 cm in low orbit in 2020. (Credits: NASA)

SWINDON, UK (UK Space Agency PR) — The UK Space Agency is today announcing a range of different initiatives aimed at supporting safe and sustainable space operations.

From developing our space tracking capabilities and promoting international efforts in space sustainability, to finding novel ways of removing space debris – the UK is leading the way to ensure the Earth’s orbit can continue to be used now and in the future.

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Developing the “Brains” Behind Astroscale’s Debris Removal Spacecraft

The ELSA-d satellite servicer and client launched March 2021, the team prepares to demonstrate the servicer’s technology and capability to remove the Client debris from this summer. Credit: Astroscale)

Astroscale UK has been working in partnership with RUAG Space to develop the “brains”, based on RUAG Space’s constellation On Board Computer (cOBC), to command Astroscale’s space debris removing ELSA-M Servicer spacecraft.

DIDCOT, UK (Astroscale UK PR) — Developing the “brains” behind Astroscale’s debris removal spacecraft Astroscale UK has been working in partnership with RUAG Space to develop the “brains”, based on RUAG Space’s constellation On Board Computer (cOBC), to command Astroscale’s space debris removing ELSA-M Servicer spacecraft.

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UK Companies Join Forces to Build Revolutionary Beam-hopping Satellite

Rendering of the ELSA-M satellite in orbit. (Credit: Astroscale)

LONDON, 24 May 2021 (OneWeb PR) — A group of UK space tech companies are developing a new beam-hopping satellite that will allow satellites to switch which part of the world they cover, managing real-time surges in commercial demand or responding to emergencies such as natural disasters, thanks to Government funding.

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Astroscale UK Signs £2.5 Million Agreement to Develop Space Debris Removal Technology Innovations with OneWeb

Rendering of the ELSA-M satellite in orbit. (Credit: Astroscale)

DIDCOT, UK, May 24, 2021 (Astroscale UK PR) – Astroscale UK announces funding award from partners OneWeb, the global satellite communications network, to mature their technology and capability towards a commercial service offering by 2024.

This latest £2.5 million [$3.5 million] award forms part of a larger beam-hopping satellite programme, totalling over £32 million [$45.3 million], granted from the UK Space Agency, via the European Space Agency’s Sunrise Programme to partners including OneWeb, SatixFy, Celestia UK and Astroscale UK.

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