LA PLATA, Maryland —Small satellite hardware and service provider AAC Clyde Space reported a 16.5% decline in net sales for the six months ending June 30 and swung to a negative EBITDA but maintained its full-year forecast of double-digit sales increases and positive EBITDA.
Sweden- and Scotland-based AAC Clyde said the poor H1 performance was due to supplier delays and the late entry into service of satellites, meaning revenue was delayed until later this year.
In an Aug. 15 statement, AAC Clyde Chief . . .
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