PARIS — Small satellite hardware and service provider AAC Clyde Space reported increased revenue for 2022 and a wider EBITDA loss but said business trends are improving and that it would be EBITDA-positive in 2023.
Sweden- and Scotland-based AAC Clyde Space had told investors earlier in the year that the pretax losses in 2022 were mainly the result of supply-chain issues and launch delays that delayed product delivery and revenue.
Launch delays are endemic to the industry. AAC Clyde Space’s postponed 2022 launches will . . .
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