OverviewSuggest Edit

AAC Clyde Space (formerly known as ÅAC Microtec) is a space company that specializes in small satellite technologies and services. Its capabilities bring together three divisions: Space Data as a Service, Space Missions, and Space Products and Components. Space Data as a Service engaged in delivering data from space directly to customers; Space Missions provides solutions that streamline space missions; Space Products and Components include off-the-shelf and tailor-made subsystems, components, and sensors. The company caters to businesses, governments, and educational organizations.
TypePublic
Founded2005
HQUppsala, SE
Websiteaac-clyde.space

Latest Updates

Employees (est.) (Dec 2020)121(+28%)
Revenue (FY, 2019)KR80.6 M(-9%)
Share Price (Nov 2021)KR2.8
Cybersecurity ratingAMore
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Key People/Management at AAC Clyde Space

Luis Gomes

Luis Gomes

CEO
Mats Thideman

Mats Thideman

CFO & Deputy CEO
Andrew Strain

Andrew Strain

CTO
Peter Anderson

Peter Anderson

CCO
Stefania Mandirola

Stefania Mandirola

COO & Interim Director Of Operations Glasgow
Dino Lorenzini

Dino Lorenzini

CSO
Show more

AAC Clyde Space Office Locations

AAC Clyde Space has offices in Uppsala, Gothenburg, Fairfax, Delft and in 3 other locations
Uppsala, SE (HQ)
Dag Hammarskjölds Väg 44
Gothenburg, SE
August Barks gata 6B
Delft, NL
Vlinderweg 2
Cape Town, ZA
Frazzitta Business Park, Unit 27, 1 Hadeda Street, Durbanville, 7550
Didcot, GB
HQ Building, Thomson Avenue, Harwell Campus
Glasgow, GB
5b, 45 Finnieston St, Finnieston
Show all (7)

AAC Clyde Space Financials and Metrics

AAC Clyde Space Revenue

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AAC Clyde Space's revenue was reported to be kr80.58 m in FY, 2019 which is a 9.6% decrease from the previous period.
SEK

Revenue (FY, 2019)

80.6m

Revenue growth (FY, 2018 - FY, 2019), %

(9.6%)

Gross profit (FY, 2019)

1.3m

Gross profit margin (FY, 2019), %

1.7%

Net income (FY, 2019)

(40.6m)

EBITDA (FY, 2019)

(27.3m)

EBIT (FY, 2019)

(40.2m)

Market capitalization (10-Nov-2021)

518.2m

Closing stock price (10-Nov-2021)

2.8

Cash (31-Dec-2019)

52.4m

EV

466.6m
AAC Clyde Space's current market capitalization is kr518.2 m.
Annual
SEKFY, 2018FY, 2019

Revenue

89.2m80.6m

Revenue growth, %

(10%)

Cost of goods sold

84.2m79.2m

Gross profit

5.0m1.3m
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019

Revenue

17.7m25.2m11.8m34.4m18.4m20.1m18.1m24.0m

Cost of goods sold

16.7m24.4m18.9m24.2m19.7m19.5m18.6m21.5m

Gross profit

1.0m852.0k(7.1m)10.3m(1.3m)684.0k(501.0k)2.5m

Gross profit Margin, %

6%3%(60%)30%(7%)3%(3%)10%
Annual
SEKFY, 2018FY, 2019

Cash

12.2m52.4m

Accounts Receivable

10.1m17.7m

Inventories

6.5m13.1m

Current Assets

56.2m108.5m
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

53.6m38.7m20.6m10.1m73.7m59.6m

Accounts Receivable

6.3m7.1m7.0m7.2m7.8m26.3m

Inventories

5.9m5.0m7.5m10.0m13.0m11.8m

Current Assets

71.5m64.2m48.8m46.3m117.5m121.1m
Annual
SEKFY, 2018FY, 2019

Cash From Operating Activities

(48.6m)(16.6m)

Cash From Investing Activities

(20.3m)(13.1m)

Cash From Financing Activities

43.9m69.7m

Net Change in Cash

(25.0m)40.1m
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash From Operating Activities

(13.1m)(27.7m)(35.9m)(5.1m)(8.6m)(16.0m)

Cash From Investing Activities

(18.9m)(19.4m)(28.3m)(1.3m)(1.6m)(7.9m)

Cash From Financing Activities

48.4m48.6m47.6m4.2m71.8m71.1m

Net Change in Cash

16.4m1.4m(16.5m)(2.1m)61.5m47.2m
SEKQ1, 2018

Financial Leverage

1.1 x
Show all financial metrics

AAC Clyde Space Operating Metrics

Q4, 2018Q3, 2019Q4, 2019

Order Backlog

kr67.1 mkr179.6 mkr169 m
Show all operating metrics

AAC Clyde Space Acquisitions / Subsidiaries

Company NameDateDeal Size
SpaceQuestOctober 16, 2020$8.4 m
Clyde Space LtdDecember 21, 2017

AAC Clyde Space Revenue Breakdown

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AAC Clyde Space revenue breakdown by business segment: 30.7% from Satellite Platforms, 69.1% from Subsystems and 0.2% from Other

AAC Clyde Space Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

AAC Clyde Space Online and Social Media Presence

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AAC Clyde Space News and Updates

AAC Clyde Space starts AAC Space Africa to take part in Africa's growing space sector

UPPSALA, Sweden, Aug. 23, 2021 /PRNewswire/ -- AAC Clyde Space, a leading New space company, today announced it has founded AAC Space Africa to capitalize on the rapidly growing market for satellites and space services in Africa. AAC Space Africa will design, build, and deliver space...

Horizon Technologies orders two surveillance satellites from AAC Clyde Space

British maritime surveillance venture Horizon Technologies has ordered two more cubesats from AAC Clyde Space, which will operate them after securing their launches next year. SpaceNews

AAC Clyde Space to develop cubesats to offer array of services

AAC Clyde Space announced a 19 million euro ($22.5 million) contract backed by the U.K. Space Agency to develop a 10-cubesat communications and Earth-observation constellation. SpaceNews

AAC Clyde Space to acquire SpaceQuest for $8.4 million

AAC Clyde Space announced plans Oct. 15 to acquire SpaceQuest, a satellite technology developer based in Fairfax, Virginia, for $8.4 million, pending the approval of shareholders and the U.S. Committee on Foreign Investment in the United States. SpaceNews

OTC Markets Group toivottaa AAC Clyde Space AB:n tervetulleeksi OTCQX:ään

NEW YORK, 25. elokuuta 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), rahoitusmarkkinoilla toimiva 10 000 yhdysvaltalaisen ja globaalin arvopaperin operaattori, ilmoitti tänään, että edistyneisiin nanosatelliitteihin, missiopalveluihin ja luotettaviin alijärjestelmiin...

OTC Markets Group Welcomes AAC Clyde Space AB to OTCQX

NEW YORK, Aug. 21, 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced AAC Clyde Space AB (Nasdaq First North Premier Growth Market: AAC; OTCQX: ACCMF), a company specializing in advanced...

AAC Clyde Space Frequently Asked Questions

  • When was AAC Clyde Space founded?

    AAC Clyde Space was founded in 2005.

  • Who are AAC Clyde Space key executives?

    AAC Clyde Space's key executives are Luis Gomes, Mats Thideman and Andrew Strain.

  • How many employees does AAC Clyde Space have?

    AAC Clyde Space has 121 employees.

  • What is AAC Clyde Space revenue?

    Latest AAC Clyde Space annual revenue is kr80.6 m.

  • What is AAC Clyde Space revenue per employee?

    Latest AAC Clyde Space revenue per employee is kr666 k.

  • Who are AAC Clyde Space competitors?

    Competitors of AAC Clyde Space include SSC, Millennium Space Systems and MinoSpace.

  • Where is AAC Clyde Space headquarters?

    AAC Clyde Space headquarters is located at Dag Hammarskjölds Väg 44, Uppsala.

  • Where are AAC Clyde Space offices?

    AAC Clyde Space has offices in Uppsala, Gothenburg, Fairfax, Delft and in 3 other locations.

  • How many offices does AAC Clyde Space have?

    AAC Clyde Space has 7 offices.