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AAC Clyde Space has delivered a strong Q121 with revenue growth of 55% and a substantial reduction in EBITDA losses. The ongoing activities continued to develop, positively augmented by initial contributions from the 2020 acquisitions of Hyperion and SpaceQuest, both of which continue to deliver positive EBITDA. With Omnisys acquired in April alongside the SEK100m fund-raising, AAC Clyde Space remains well positioned to execute its growth strategy in the New Space market.

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AAC Clyde Space AB is engaged in advanced nanosatellite spacecraft, mission services, and reliable subsystems. It provides new space solutions and services for government, commercial, and educational organizations. The group has two reportable segments: AAC Clyde Space (Swedish operation) develops and produces data processing and power systems for CubeSats and small satellites (1 to 500 kg); Clyde Space (Scottish operation) offers customized, turnkey services from design to operation of satellite systems in orbit, including reliable satellite platforms and subsystems from 1 to 50 kg.