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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Norway Selects Space Flight Laboratory (SFL) to Develop Technology Demonstrator Microsatellite

NorSat_TD satellite (Credit: Space Flight Laboratory)

TORONTO (Space Flight Laboratory PR) – The Norwegian Space Agency (NOSA) has awarded Space Flight Laboratory (SFL) of Canada a contract to develop the NorSat Technology Demonstrator (TD) microsatellite. With a primary mission of testing out new technologies in space, NorSat-TD will validate payloads and concepts from Norway, the Netherlands, France, and Italy.

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AAC Clyde Space, Saab & ORBCOMM TO Offer Next-Gen Maritime Communications

UPPSALA, Sweden (AAC Clyde Space PR) — AAC Clyde Space AB, Saab AB and ORBCOMM Inc. have today announced the development of the next generation of space based VDES system, marking the beginning of a new era in maritime communications.

AAC Clyde Space AB will receive 17.0 MSEK in total, of which 12.2 MSEK is in the form of a grant from the Swedish Transport Administration, to finance the building, launch and commissioning of the first satellite in the project. This is intended to be the first satellite of a future constellation to provide a VDES service.

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