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ÅAC Microtec comments on the financial outlook for the third quarter 2017

ÅAC has in recent weeks won important and prestigious orders indicating that the company's transition from a development company into a commercial product company is well underway. ÅAC would like to underscore though that this transition also involves transiting from one revenue model with steady income streams from development projects into the new revenue model primarily based on product sales.

For the third quarter 2017, revenues will not include any significant revenue from product sales and decreasing revenues from development projects. Consequently, revenues for the third quarter will be lower than for the second quarter 2017 when they amounted to 5,0 MSEK.

To achieve its transition, ÅAC will continue focus on gaining product orders from commercial customers. This may result in revenue fluctuations between quarters also in the future.

ÅAC will publish its report for the third quarter on 23 November 2017.

Earlier today, ÅAC announced an order on power subsystems of 1.1 MSEK from Airbus Defense and Space UK. During October and November, ÅAC announced orders from three commercial organizations on our Sirius platform. 

2017-11-06 

FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com or contact:

CEO Alfonso Barreiro, [email protected]
Chairman of the board Rolf Hallencreutz, [email protected]

The information in this press release is such that ÅAC Microtec AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 08:35 CET on 6 November, 2017.

ABOUT ÅAC MICROTEC
ÅAC Microtec is a supplier of spacecraft avionics, such as onboard computers, mass memory storage and power management units. ÅAC's technical competence includes the advanced and robust, fault-tolerant microelectronics for critical space applications. The company also markets complete satellites (weight <150 kg) in collaboration with other specialized suppliers.

ÅAC Microtec's shares are traded on Nasdaq First North Stockholm. G&W Fondkommission, telephone +46 8 503 000 50, is the Certified Adviser.

04 August 2022

2022-08-04 AAC Clyde Space AB (publ)
The small satellite company AAC Clyde Space has won a 0.6 MGBP (approx. 7.3 MSEK) order for 25 power systems for a constellation. Delivery will start in the fourth quarter of 2022.

28 July 2022

2022-07-28 AAC Clyde Space AB (publ)
AAC Clyde Space, a company specialising in small satellites, has been awarded funding through the European Space Agency's ARTES Core Competitiveness programme which helps European and Canadian industry to develop innovative satcom technology, products and systems. The award will enable AAC Clyde Space to further develop its Starbuck Mini power system to address the needs of future constellations. The total project value is 0.95 MEUR (approx. 10.1 MSEK) of which ESA will fund half, and AAC the other half.

17 June 2022

2022-06-17 AAC Clyde Space AB (publ)
AAC Clyde Space, a leading small satellite company, has won a 0.56 MEUR (approx. 5.9 MSEK) order for its Sirius avionics for Israeli SpaceIL's Moon mission, Beresheet 2. It will be delivered during Q1 2024.

25 May 2022
Regulatory

2022-05-25 AAC Clyde Space AB (publ)
The previous owners of Omnisys Instruments AB convert the second third of their warrants into shares in AAC Clyde Space. AAC Clyde Space has consequently issued 5,780,033 shares, bringing the total number of shares in AAC Clyde Space to 199,030,976.

20 May 2022

2022-05-20 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space's subsidiary Omnisys has secured an EUR 0.47 M (approx. SEK 4.9 M) order to deliver strategic spare parts to Airbus Defence and Space for Europe's next generation of meteorological satellites, the MetOp-SG.

19 May 2022
Regulatory

2022-05-19 AAC Clyde Space AB (publ)

19 May 2022
Regulatory

2022-05-19 AAC Clyde Space AB (publ)

28 April 2022
Regulatory

2022-04-28 AAC Clyde Space AB (publ)

28 April 2022

2022-04-28 AAC Clyde Space AB (publ)
Leading New Space company AAC Clyde Space has through its subsidiary AAC Space Africa been selected to deliver a ground station to a client in Africa. The order valued at approx. SEK 3.4 M will be delivered in 2022.

21 April 2022

2022-04-21 AAC Clyde Space AB (publ)
A stellar night at the Corporate Content Awards in London yesterday, where we received three golds for our corporate communications work with Bladonmore.

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IR CONTACT

Mats Thideman CFO and Deputy CEO
+46 70-556 09 73 [email protected]

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