LA PLATA, Maryland — Small satellite hardware and service provider AAC Clyde Space said it will not meet its goal of positive EBITDA and operating cash flow this year because of continuing supply-chain bottlenecks.
It now expects to reach cash-flow positive in 2023.
AAC Clyde Space’s shares, traded on the NASDAQ First North Premier Growth Market, were down 7.7% in Aug. 25 trading.
The company had said in May that supply-chain pressures, while real, were not serious enough to delay the arrival to positive . . .
To view the entire article, become a subscriber!
