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- Investor relations
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Q&A
- Why does it take time to get orders?
- When do you expect to get orders for constellations?
- What funding opportunities do those who want to send up constellations into space have?
- What is your main challenge right now?
- What are the plans for expansion?
- You have said that you are looking for acquisitions. Why does it take such time?
- Is there a special market that is particularly interesting for acquisitions?
- What is your view on the increasing competition in the market where both China and the US are investing billions in small satellite development?
- Do you think China can take over the market through very low prices? If not, why?
- Security seems to be increasingly important and there are many articles about satellites being easy to hack. Have any of your satellites been hacked? What does your security look like and what is the plan going forward?
- Are cube satellites really the way forward?
- How are ongoing projects developing?
- Can you elaborate on the work that has been done on M&A? How would you describe your progress in this area?
- Regarding Kepler - Is this a closed chapter on your part, or will you deliver parts in any way?
- Is there any news on the change of marketplace, from First North to OMX Small cap?
- Can you give an overview outlook on how the second quarter is looking so far. I know you cannot tell in number and specific.
- You had said in May that you had seen not much slowdown from Covid-19. A month later, is that still the case in terms of 2020 expected results?
- Have you had any indication if the shares still owned by Fouriertransform will be gradually sold on the stock market or if the intent is to find a new institutional owner as they are set for ending their ownership?
- Could you please comment on current business activity? Offer request ect?
- A question specifically for the CEO. Can you please comment why your commitment regarding ownership is so absent? It sends bad signals on the market.
- Someone or some are selling large number of shares from UBS account(s), resulting in a downwards pressure on the stock price. Do you have any comments on this?
- Has your collaboration with Ball lead to something and/or is this still an ongoing process?
- AAC Clyde Space has grown significantly, but in common with other CubeSats manufacturers has revenue that would be a rounding error in conventional satellite manufacturers' accounts. How can CubeSat manufacturers transition to the mainstream?
- Why is are you noted in the us market otc list under aacmf Nasdaq otc foreign? Can find you also in Frankfurt mic list?
- Is it of practical reasons (estrange) that the company start to build in Uppsala as well. Or is it that the company wants to scale up the production?
- Are there any big contracts you are competing for right now that is not yet won but that you can comment on?
- What impact will the GBP 2.3M grant from Scottish Enterprise have on your production capacity in the future (ie number of satellites per month) and your overall competitiveness?
- Several of the smaller shareholders keep seeing the value of the share being pushed down by massive dumps following almost all major positive news. One or more major owners are dumping shares, keeping the value down.
- To CEO Luis Gomes
- Why have you guys not tell the market that you where on the otc market already in 2018?
- Are you ready today to take on a constellation order? Or will you be ready when your new facility opens in Uppsala?
- Is it possible for you to submit a schedule of planned launches of AAC Clyde Space Satellites?
- The bluestone project at space metric how does that going?
- How will you continue to increase the visibility for the company in the US?
- What options of finance are you looking at?
- Hi! How are your relationships with your "bigger" investors at the moment due to not so understandable beating of your share price. Many included myself are worried that "bigger" investors are leaving the ship...?
- How has your partnership with Ball evolved?
- How many employees do AAC Clyde Space have now?
- The Uppsala company ÅAC Microtec...
- Regarding the new type of partnerships as recently seen with Saab and Ordcomm. Will ACS maintain equity ownership in these kinds of partnerships in the long term?
- With the opening of your new facility will you be able to ramp up production even further?
- How big capacity will Uppsala facility
- When do you expect NLS to order the other 79 satellites?
- Why is that you are in mkc market in Germany and London also but haven’t told the stock owners?
- Why do we not have a permanent US CEO? Is that not the market you would like to have high focus on?
- Have you applied for IPP funding for some of your projects?
- The latest news on the colab with saab and orbcom was really great news! And so was the the listing on otc, very exciting! How come we don't see any trades on the otc list.
- What kind of manufacturing capacity for cubesats are you achieving now at Uppsala? In the near future, do you plan to work on other satellites in Uppsala, in addition to the Saab/orbcomm project?
- 4 years soon on the stock market and still not making a profit. When can we expect that to happen?
- How has the competitive landscape developed for aac clyde space during the past years? Do you see increased competition?
- Are you still looking for a company to merge with in USA?
- Will the collaboration with York continue as before?
- What can you say about your progress in the US except the otc listing?
- How fast can you build a satellite today. Last time I read it said about 5 days. Is it because of the modular platforms?
- What does it mean for your business opening your new facility in Uppsala in October?
- Could you talk about the advantages and challenges of the new type of equity partnerships as seen recently with Saab and Orbcomm?
- During 2018 you had several orders with expected follow up orders, did you receive antog these? The Ukraine company for example?
- What are your estimates regarding the next 2-5 years where do you think the company will be around 2025?
- Does the future still look bright for small sat industry or has the corona virus make those forecast look darker?
- Can you comment on Craigs sale of shares?
- You don’t inform your shareholders much what’s going on in the company (IR). is this something you might improve? As you know the stock price is very low and it is probably one of the reasons.
- In which phase of the projects you usually get paid? By delivery or milestones?
- Can you give more details on which projects have been delayed due to covid-19?
- How much do you need to invest in the SAAB, Orbcomm partnership both short term and long term?
- How big capacity will Uppsala facility be regarding satellite production?
- What type of company is most interesting to acquire?
- How many satellites can you produce per year in Glasgow?
- Why didn’t Kepler continue with AAC satellites for their constellation?
- The total value of the small satellite market is estimated at 42 billion between 2019-2028. you want to take a big piece of it, can you be more specific? how many %?
- Do you have problems with getting New resources to Glasgow?
- The sat you currently are building for NSL, is that NSL-sat2, 1 of 80, that can be a intended commercial constellation?
- Do you still see AAC as the leading company in the smallsat sector?
- Can you tell us which countries you are doing project for now?
- How many companies around the world are struggling with pandemic. What do you say to us investors here tonight and the ones for example in the US why this company is a good investment at this time?
- Luis have a interesting background as a CEO of a bigger satellite company. Could this be any advantage for AAC on the US market?
- How bigger capacity does Glasgow have compared to Uppsala facility regarding satellite production?
- In which milestones are you getting paid and How is the percentage of the total payment divided between them?
- Who is your dream Customer and Investor?
- When do you think the stock price will rise to decent levels?
- There have been many acquisitions in the recent, can you comment on these acquisition’s and how this will help the future of AAC Clyde Space?
- Could you explain the process from signing the ESA contract to designing platforms before customers are ID'd, and then tailoring payloads for those customers? The program has a wide potential of customers, payloads, with inter-satellite links, etc.
- Are there any more details you can tell us about the integration process of Hyperion and SpaceQuest? For example, regarding production, timeline etc.
- Nslcomm chose AAC as the supplier of its future constellation. Then they chose York space system for coverage in the United States. Why when you acquire a US company 1 month later?
- Why do you think the market is valuing the company as such low levels right now?
- How many satellites are there in SpaceQuests constellation in orbit right now and to whom are they delivering data?
- How Many payloads can you have on a 3U,6U,12U and 16U satellite?
- In recent financial results there was a decrease in order stock. Do you have a reasonable explanation for this decrease, or is it more due to corona virus impact and less investments?
- We haven't heard about the cooperation with NSLComm in some time now. How's it going?
- Current offerings by AAC Clyde Space are quite a few and very diverse. Which products/services have seen the most growth, can you share some values? Which product/service will be the focus of 2021?
- Regarding the latest order, ESA/UK Space Agency contributes with ~100MSEK and AAC and its partners shares the other ~100MSEK investment. Can you give us the percentage of that investment that will come from AAC (approximately)?
- When talking about the acquisitions in the US and the market access. How big do you estimate the chances to become a significant supplier for sats regarding big customers like amazon, space X, etc..
- Why do we still have an temporary CEO for the US part of the company that sells millions of shares?
- AAC can expect royalties from York, how much per satellite? can you tell us more about your deal?
- Why did you do a advanced book building and not a direct Issue to long term investors? You seem to have some difficulties to find larger investors that are intending to stay for a longer time? Why is that you think?
- What ground station services does AAC Clyde have access to?
- Will you keep running Hyperion and SpaceQuest as separate brands or is your plan to fully integrate them and only use the AAC Clyde Space brand/name?
- How are you working to harmonize work culture, decision-making processes and routines between the companies? This is usually a challenge when merging different organizations. Have you taken any steps already?
- Is there a risk that too many products/services creates a high burden of complexity (comparing to aviation industry where SAS many models had very high cost in different skill sets needed and need for a lot of staff just to keep up the width of products)
- To what extent will AAC Clyde pursue this apparent vertical integration strategy?
- How do you react when your issue of New shares was very attractive from investors but when they get their shares, they just bomb it out on the market?
- Just need a short answer, in what way will the small sat industry consolidate in the coming 3-5 years and which role will Clyde play in that industry change?
- In January, you announced that NSLcomm had appointed AAC as preferred supplier for their intended constellation. Is this still the case?
- With the recent acquisition of Hyperion Technologies, will AAC Clyde pursue the industrialization of Optical Laser Communication Technologies?
- Now the acquisition of SpaceQuest is complete. They have satellites in space. To whom do they deliver data and what kind of data?
- The laser that Hyperion Technologies is developing. Could it enable communication with other satellite constellations such as star link?
- You have been looking to hire new employees for a long time. Why? is it because some employees quit? or what is the reason for this?
- Do you think that you have done a good job of finding the right investor since IPO? Or are you finally going to start tackling this problem properly soon?
- With the significant increase in outstanding shares in 2020 could you please discuss whether the product and services portfolio are now considered largely complete or whether we should anticipate the need for additional share-funded acquisitions. Thanks
- Do you cooperate with SpaceX in other ways than with launch services?
- In a presentation in December Luis got a question about if you compete with SpaceX. In the answer he told investors it was quite the opposite and that you were taking advantage of their success. What did you mean by that?
- What does a shift to laser communication mean for your current ground terminals?
- What is the main difference between AAC Clyde Space and other small satellite companies, what makes AAC Clyde Space unique?
- I'd like to hear more about your Q1 plans to gain more visibility in the USA.
- Do you only publish orders when they are of strategic value or do you publish all orders? What value does an order have to have in order to be published?
- How much of the subsystem sales come from partnerships?
- During your recent Capital Markets Day you mentioned further acquisitions may be on the horizon. Can you shed any light on what you are currently looking for in terms of particular technologies/synergies/etc in possible acquisitions?
- Regarding xSpancion; You said that the first phase was to get deals done with "all your awaiting customers" (for data) during Q1, and yet there is no such order announced?! Is this a big misjudgement on your behalf?
- In the latest Q4 report, you told investors that you plan to grow through acquisitions. What do you need to supplement your current company with?
- As you deliver the backlog and transition towards Space as a service, how do you anticipate the financial model should stabilise in terms of margin and ROA eg in 2024 at your 500 m SEK target revenue split.
- What kind of customers is the expansion project aimed at? is it to customers such as orbcom and eutelsat who in turn resell the data or is it aimed directly at the end customer, for example authorities, etc?
- Can you elaborate on what type of customers you will be targeting from the recent US acquisition, and what type of projects?
- Long ago we heard something about NSL and OMS, are their planned constellations still relevant? Do you expect to be able to build these constellations?
- You have mentioned that the Xspancion project is extremely scalable, what did you mean that?
- Our Space Investing group on Facebook is eager for more content. Have you considered creating more YouTube content as events happen? So, we can feel like we are in it with you, similar to how SpaceX broadcasts their launches.
- In your latest year-end report, you mention now being "on a target to bring the group sales to 500M SEK by 2024". What would you say are the biggest risks and possible setbacks that might make you unable to reach this target?
- With Brexit deal in place, can you advise on the impact that will have on your business, in terms of funding and collaborations etc.
- Right now, the space industry is hot but AAC Clyde Space is cold as ice. I am talking about the share price. What’s your thoughts about why the company’s share price are not moving like the rest of the space market?
- How many satellites are planned with Saab and Orbcomm?
- What is most important to you in the next few years, grow and gain market share or keep costs down and maybe start making a profit?
- When do we see AAC on the Nasdaq Stockholm main market?
- You wrote in the latest quarterly report that the goal is to have revenue of 500M by 2024, is it possible without acquisitions?
- Are you confident that the company can continue operations without raising more cash?
- How come some of the board members own none or very few stocks, if you do not believe in owning the stock why do recommend other to own stocks in AAC? Board members and management certainly have exposure to the share.
- Which type of info can the investors expect to get regarding xSpancion in the ”plan” you mentioned should be ready by this summer?
- What are your thoughts in general about cryptocurrency in space?
- It is not yet possible to find any information on Hyperion’s and Omnisy’s websites that they are part of AAC Clyde Space. What are your group strategy within sales and marketing going forward? (1)
- Will we see some financial guidance for 2021?
- How are spacequests partnership with sovereingsky and ruon ai evolving?
- How do you view the satellite launch market during the past year? Do you expect to launch satellites from UK next year?
- Is it possible to disclose any information regarding (the size of) AAC’s pipeline?
- Why do we not see any news about spacequest?
- Did you reach out to any larger institutions in the last share issue? The top list didn't show that.
- Is xspancion delayed?
- Have you done any follow up on how much of the shares that was issued in the last emission is still owned by the same person/institutional investor? You said in the PM that the investors you were looking for was long-term investors.
- With regards to larger investors/shareholders. It appears to be very few in the owner list. If I recall correctly, making the stock available on OTC for American market was one move. How are you working to secure larger and more long-term investors?
- When is Orbcom and Eutelsat satellites planned for launch? From which quarter do you expect sdaas revenues from them?
- Why do you the stock had fallen 20 percent this year and around 20% in 2020?
- What level is the company’s cyber security? Is this something you need to improve?
- Could you explain why investors should Invest in AAC right now when the price is obviously going down more each year that is passing?
- Are some of AAC’s customers also competitors? For example OMS, the weather satellites of OMS compared to your future weather satellites.
- Is it possible that the EBITDA for 2021 will be positive?
- What is AAC’s connection to Eric Penser today? they recently made an estimation of the stock price to 3.6 SEK, while Edision made an estimation of 5.6 SEK
- Are you still expecting Wyvern-deal to be closed during Q2?
- Is it likely that you will acquire more companies in the near future?
- How is Orbcom deal with their New owners affecting you? Do you see any change in their strategy?
- A live presentation with SpaceQuest CEO and Hyperion CEO would be nice, is it something you are planning for?
- How would you describe AAC Clyde Space and your potential to another company like Spire global who also providing sdaas? Do you think AAC is in the same level or maybe ahead? Please compare a little because the market valuation are very different here.
- The license deal with York are soon to be expired, do you see this as one of your future businesses or do you see yourself keep you Technology within your walls?
- Do you think that Eutelsat's investment in Oneweb will affect their planned IoT-constellation in any way?
- Late 2020 you were building on 7 satellites, in different phases. Are anyone of those finished? Have anyone any planned launch date?
- Can the former owners of the subsidiaries and those who run the companies now buy and sell shares without communicating it to the market? do they have full transparency in the aac group?
- Have the semiconductor shortage affected AAC production in any way?
- What is your current manufacturing capacity for satellites? How many, how fast, how much does it depend?
- It seems "everybody" wants to deliver space data these days, and some big names are on the move. How do you perceive your spot in the competitive landscape?
- In the Q&A on your web site, it says there is no partnership between SpaceQuest and SovereignSky, but on SovereignSky's web site SpaceQuest is mentioned as their space partner. Could you shed some light on this?
- There are several open engineering positions published in your website for both at Uppsala and Glasgow, are these new positions that are part of an expansion or is it replacing staff who left? (1)
- When are you going to launch the first four satellites in Xspansion?
- Do you have any plans to expand your investor relations and your presence on social media?
- Luis, you have mentioned that you see great opportunity to sell to the US government for example directly to DoD. Can you expand this further? Do they for example require domestic production?
- When can investors expect the plan on how the Company are going forward?
- When are you planning to move to a bigger list from the OTC-market?
- You told us about a plan to be presented regarding xSpancion earlier. This was set to be by the end of summer. Will the plan be presented, or was the plan South Africa?
- Congratulations on a great report! The Company looks to be developing well. Is the next goal to list the Company at small Cap in Sweden or the US main list NYSE?
- How is the cooperation among subsidiaries and the mother company? Do you have projects which different subsidiaries/offices contribute together?
- Is the aim still to get the stock listed on small cap Stockholm?
- What is advanced radio communication?
- Which market segment and geographic part is believed to grow the most in the years to come?
- Any new acquisition plans in the near future? Is there an interest from institutional investors to be a part of a directed new issue of stocks?
- SDaaS accounts for about 40 per cent of the current order backlog, but only for about 10 per cent in your forecast for 2024. Is the 2024 turnover share for SDaaS perhaps a little to conservative?
- How many people are hired for the new South Africa subsidiary this far?
- Several space funds have been listed recently, what do you do to get them to invest in you?
- Do you see any Regulatory Challenges for LEO Satellites in the near future?
- What is the approach to the space-market in big countries like China, India and Japan? Is there a potential growing market here?
- How do you see the risk of being acquired by a major player?
- When will Clyde Space be profitable?
- Will the Company play a roll in the NMIS Boeing alliance? And if so could you explain how?
- What is your current manufacturing capacity for satellites? How many, how fast, how much does it depend? (1)
- How many satellites are you working on right now?
- How does AAC evolve in the space-market compared to other companies (rivals and partners) in the sector?
- Can anyone work for AAC Clyde Space or are there national requirements similar to the USA's ITAR laws?
- Are you on track and when will you let the market learn more about the project/offering?
- How is the collaboration with Saab and Orbcomm with the new navigation system?
- Any plans on building more ground stations?
- Profit margins, what´s your goal at the bottom row?
- What was the rationale behind choosing South Africa for your first(?) organic geographical expansion before, for example Japan, or another Asian country where you already have traction and clients?
- When do you expect to hear from OHB Sweden about the ESA's Arctic Weather Satellite?
- Do you have any plans om acquiring an AI / machine learning company to have all software needed for SDaaS sales, or is this being worked on already?
- Your market cap is significantly lower than for example gomspace, Ovzon, spire etc. In my view you are quite the big player in the field now. How do you think this does not reflect as such?
- How is the collaboration with Saab and Orbcomm with the new navigation system? (1)
- Luis, could you please clarify if the three 6U EPIC satellites that AAC will design, build and own, and Wyvern intend to subscribe to the data service from, are included in the 10 satellites within the xspancion programme, or not?
- As an investor in the company, we heard Luis tell us about a "plan" that was to be announced at the end of the summer. Me and my fellow investors are anxious to hear about the status of this, or was it already announced, postponed or?
- As a shareholder, the only question I have is if the management team could clarify their view on purchasing shares themselves? That is, are they at all interested in doing so or is it simply irrelevant?
- You have never considered a repurchase program of your shares? Either for an employee incentive program or to shred them and create added value for your shareholders.
- Does AAC Clyde Space have the knowlegde to deliver a blockchain solution in space?
- How is the relationship and future or existing collaboration between Spire Global and AAC Clyde Space?
- There are two new "satellites" on the new webpage (bigger than i have seen before), what is the plan for those?
- The AAC Clyde Space logo, what is it supposed to illustrate?
- Why did you shift the focus from net sales to revenue as a target for 2021, without clarifying this for the market?
- As an investor, H2 2021 has meant a news drought. Despite this, large sums of orders have been landed without being communicated to the market.
- AAC Clyde Space has an enormous number of vacancies to fill. Why is it so difficult to recruit people?
- What does Dino Lorenzini think about the company's development? A person with such a heavy holding in the company, should have greater demands on IR vis-à-vis the market and more.
- Does York Space still have a deal for manufacturing of components for the S-CLASS platform?
- Do you have any involvement in the new LX-CLASS platform from York Space?
- Have you considered making a reverse split in the share price?
- Why don’t you run a little sale now to the armed forces around the world, try and seize the opportunity. You have technology that is sold to the military, for example. Should probably speed up the share price
- Our CEO and CFO only own one spitting thief of shares, what is the reason for this?
- Several people on the board do not own shares, why?
- We promise things again and again that we then do not keep, what are the actions to regain confidence in the company and the stock?
- We can see that more and more space companies have been starting sdaas business. What makes you think AAC can take a big bite of the cake?
- Some companies that are your competitors take large orders and get large investors to invest in their companies. Are you worried that you will slip behind and be driven away by them?
- Is there any mega companies intrested in you SdaaS platform ?
- I'm curious about AOS. What's the business model like? Will AAC Clyde Space only get profit out from it by delivering satellites, or is there a license that all ships using the service in the future will have to pay to AOS?
- Is xSpansion project still going on track as planned?
- Are York Space Systems customers to you? I know you've had customer relations before but since we have not heard anything about it for a long time so maybe you can comment on whether your relations with York are alive or on ice?
- Does Spacequest and Google still have active project together?
- I know that there are some options among the members of the management, but you should really think about whether it is not time for broader insider buying because now the trust is not great, at least not among the small savers?
- We once again have a report that does not live up to expectations. I believe you should put pressure on everyone in senior positions to start with massive insider purchases to try to instill courage in the share. What will the board do to speed this up?
- How will the warrants be priced?
- What do you as a company do to attract more investors and make us existing to stay?
- Is there really nothing you can do to prevent the former Omnisys owners from continuing to massacre the share price? 1.73 now, minus 43% this year. And you think the owners are treated well?
- You have said that you are now meeting with "big" investors, what do you think is the answer to no wants to invest? Is it you that are really bad in promoting the company?
- How does the work with finding some long-term investors going?
- As an investor since 2017 I feel sad about the development of the share price of the AAC Clyde Space stock. Have you guys any plans for how to strengthen the trust and relationship with the short and, most importantly, the long terms investors?
- You have Spaace talk as a way of communicating with the market, do you really think 2 version is enough to satisfy the market with the information it is requesting to make investments in the company?
- In spaacetalk you write about "the big idea" what exactly is "the big idea"?
- Why do you use terms as "keep your eyes open", "keep your eyes peeled" or "there is a buzz" and then be dead silence?
- Has any negative information that has not reached the market yet been leaked? The feeling is that several large banks sell large parts of their holdings at any price.
- Many of us shareholders are also members of a facebook group: https://www.facebook.com/groups/2422039454739168. It would have been fun to have a representative from the company there to answer questions and straighten out question marks.
- Are you looking at other ways to get more money then making more shares?
- What do you want to say to all your shareholders who have invested their money in the company and are worried about seeing their investment reduced drastically? what can you say to calm everyone down?
- Do you think the company's current market capitalization is fair, in terms of current orders and the future?
- Are you intrested in growing stock value for old investors ?
- Do you see some connections between bad financing and stockprice value?
- Do you feel that it would be good to get one or more major investors into the company and thus get more money in the coffers? why have we not seen any major investors join the company do you think, where is the problem?
- How is the xSpancion project progressing?
- xSpancions first 4 satellites has been announced to be 12U satellites. Can investors expect to see more than one payload on these satellites?
- Why do you fail to attract larger investors such as funds and institutions? what are you doing to try to get them to invest?
- How can order intake be affected by material shortages and supply chain issues?
- Has the listing on the American stock exchange been successful in your opinion?
- Do you think the industry will keep consolidate with more mergers and acquisitions in the near future?
- You have said before that you are open to acquiring more companies if a good opportunity presents itself, but how do you feel about being acquired yourself and perhaps becoming part of a larger group?
- When do you think the commercial customers will start ordering a larger number of satellites? directly after the demo satellites are launched and proven successful or will there be a delay in between?
- Have you had to turn down any customers because you have difficulty hiring staff and problems with semiconductor shortages etc?
- Which satellites are launched with SpaceX in november?
- The satellites which will be sent up in November, are they expected to provide sdaas revenue? If yes, when can investors expect to see this revenue in the reports?
- According to this website https://artes.esa.int/projects/xspancion the CDR was made in March. Is this correct? Could you name some activities in the project that has been delayed due to market situation?
- Unfortunately, we once again missed the goals, even though you maintained them as late as June. How are things in the finance department? As this happens time and time again.
- Where is the insider buying?
- Do you have any idea how to lead a company to a profit or are you forever going to play "good company" for the shareholders' money?
- Are there any plans to do some kind of online event during one of your launches in the future?
- Are the Wyvern and Orbcomm satellites owned by AAC Clyde Space? Are they going to bring SDAAS income for the AAC group?
- How many satellites are there today in the AAC group's own fleet?
- How many Microwave sounding sensors does the AAC Omnisys (124 million SEK) contract with ESA project Artic Weather Satellite (AWS) include? Is it just one sensor or more?
- Can you say anything more about WeatherCube? Wich projects is it intended for?
- How is the AOS VDES project with SAAB and Orbcomm progressing?
- Who is running aos-vdes.com?
- Any news from AAC Africa?
- Every report it is clear that AAC receives orders that are not reported to the market.
- Do you see an increased interest in your products? Do you get a lot of new customers or is it mostly your former customers who place orders?
- How good is the quality of your products compared to your competitors? which of your products do you consider to be in the front?
- How do you plan to turn the negative trend that the stock has been in for several years now?
- When do you expect to be break-even? What need to happen to be profitable? Is it just higher topline?
- What are the biggest risks you see for reaching the communicated goal of 500 MSEK by 2024? Also last q&a it was communicated that AAC would be cash flow positive 2023, what are the biggest risks against that?
- What gives you confidence in these goals? 500MSEK turnover 2024 and cash flow positive 2023?
- How many satellites are you expecting to launch for 2023? And what is the share of SdaaS satellites?
- SdaaS has been communicated as part of the Group’s main strategy, yet only a small share of the income comes from sdaas. When do you expect sdaas to become a more significant part of the Group’s income?
- I’m very interested in the business with ORBCOMM and SAAB, is the satellite launch planned for December Transporter 6 part of this collaboration and how many more satellites are planned in this collaboration?
- Finally, I’ve read a lot about the xSpancion project where the goal is to create further SdaaS deliveries. Do you have customers signed up for this already? and who would be a typical customer for this offering?
- Our cashflow has shown to be very negative in the last two reports. Needing to do a share issue at these levels would be devastating to dilution. Can you guarantee that we will not se any issue withing 12 months.
- We have had to lower our prognosis in the Q reports which has been a large blow to market cap. How are you going to sort this out, when it is not building trust for the company.
- I dont remember when we saw the most recent insider buying in AAC, but it was a long time ago. Why this passivity?
- In the year-end report, we could see a cost of 8.6 MSEK related to an aborted acquisition. Firstly, more specific, what is that cost related to? Secondly, can you comment on what kind of company you were aiming to acquire?
- Is it a bad idea for you to merge with another company. Wouldn´t it make both companies stronger, or are there downsides. It´s just that the New Space industry is very competitive, so wouldn´t it give an advantage to share resources?
- Has AAC been contacted by a larger company at some stage for a potential buy out?
- Has AAC been contacted or contacted the new Space Fund which started trading in february for a potential buy in?
- Why was the final phase of the xSPANCION project divided into two parts and why did AAC Clyde Space and its partners decide to initiate phase 3A before the end of the second phase?
- Does ESA xSpancion give any pre-payment when a new phase is started?
- For how long will xSpancion Phase 3B last for?
- can you give any updates on this plan? Are we still on track for launch in Q3 2024?
- Can we get any updates regarding the customer agreements for xSPANCION? Previously, it was stated that agreements were expected to be signed during H1 2022.
- You mentioned there are several discussions ongoing with customers for the xSpancion project, is the ongoing discussions delaying the time plan of the launch of these satellites?
- Is the backlog for SDaaS mainly consisting of these two customers or what other customers do you have for SDaaS?
- I read that the ORBCOMM contract is exclusive for ORBCOMM, but what about the data provided to Wyvern? Is it possible that more customers would be contracted for the data you also will provide to Wyvern?
- With the new Kelpie satellites launched in orbit can we expect a similar revenue rate for each satellite or does the newer satellite provide more revenue per satellite?
- Can you name the satellites which are hopefully to be sent up in 23H1?
- Why don´t you name the latest US-Customers in the press-releases? quite easy to find out anyway when you write the details about the company?
- When building satellites without customers signed, will it go on an operating or investing account?
- We’ve seen two companies order demonstration satellites and then move their production of the constellation elsewhere.
- Recently you announced an order from a US blue chip company with lower margin than usual due to your role being limited to procurement and deliver of the products.
- What is the cause behind the delay for the Eutelsat’s ELO-satellites?
- NSLComm ordered two satellites from us, on the case studies section we can read
- When can owners expect to see some progress with AOS? It has been quiet since the press release and the webpage is rarely updated. Would be nice to have an update.
- The report for 2022 mentioned that the result was affected by quite a lot of supply chain issues and also staff shortages.
- Luis mentioned shortage of personnel, which type of personnel are you missing which are affecting the growth?
- Regarding your personel, where are you expecting the largest growth for 2024?
- Last time I asked about how AAC plans to become profitable, you mentioned healthy cost control.
- You mentioned a target to become EBITDA positive for this year. Is this on a full year basis, quarterly or what can we expect? Are all segment expected to be positive?
- In the CEO comments Luis mentioned you are going to keep building significant growth in 2023. Can you clarify what you mean with significant? In relation... 2022 increased 9% on a full year basis. Do you consider this significant?
- Yet again we saw an optimistic forecast regarding revenue from Luis in beginning of Q4 saying the company was on track to hit 75 MSEK of revenue in 2022.
- As I’ve come to understand, the reason for falling short of this 75 MSEK target was mainly due to the delay in the Transporter-6 mission. Is it possible to clearly communicate that a target is heavily dependent on a certain launch?
- Regarding your segment reporting. It looks like AAC Clyde Space & Clyde Space are massive loss driver for you based on the result.
- The growth in revenue was 9% YoY, for 2024 you have a 500 MSEK target – does this stand? How do you plan to achieve this? Is it achievable without further acquisitions?
- Due to the large free float created in relation to the acquisitions AAC has made the last few years, the stock price is mainly being traded by robots on a day to day basis.
- TO 2020/23 is to be issued to shares later half of 2023, do you have a plan for trying to increase the current share value or is the TO.s going to be worthless?.
- What could fail so everything goes wrong, and how will you prevent it?
- What is the biggest challenge, for Clyde Space looking forward?
- Why are you better than your competitors?
- We are seeing a massive increase in launches and satellites going up in the coming years.
- AAC was not presenting and/or speaking at the Smallsat Symposium in Silicon Valley February 2023.
- John Deere is seeking partnerships in the satellite market. Can that be something for AAC Clyde Space?
- Do you intend to help former Omnisys owners to find a new owner for their shares?
- When will you release the next Spaace talk?
- In the annual report you write about the xSpancion project "The project is on track to be fully operational in Q3 2024 with manufacture, launch and in orbit operations”. How many satellites are included in that project?
- When is Phase 3B of xSpancion planned to start? Is there a time frame for this?
- Regarding xSpancion, this project has been ongoing for years now. Yet the discussions with potential customers still has not been finalised. What is the main challenges for landing these discussions considering the project has been ongoing for so long?
- For both Kelpie and Epic satellites these are exclusively sending data to Orbcomm and Wyvern...
- When is it planned to launch the second kelpie satellite?
- Are there any launch dates for the 2nd and 3rd of Wyverns satellites?
- In the Q1 report you mentioned the launch of the first VDES satellites. Are AAC already manufacturing more than Njord-1?
- What is the status of the VDES satellites? When can we expect the first one to be launched?
- What drives the increase in Other Liabilities?
- The cash flow was approx -9 msek even after using your credit.
- Can you comment anything about the aborted acquisition? In what domain is that company acting?
- The board is mainly represented by larger shareholders.
- In the report it is mentioned the company is on plan to reach 500 msek revenue 2024 and positive ebitda 2023.
- You estimate a turnover of SEK 500 m in 2024. What margins do you expect to land on?
- It’s been a good year for the space industry considering the attention space images
- Why are management and board members not buying shares?
- How do you work with attracting larger investors to AAC?
- What is you view on financing?
- What is management’s reflection on the low share price?
- What kind of benefits do you anticipate to follow from the MoU with ReOrbit?
- What is your view on the development of the share price in the last year? What can you concretely do in 3-6 months to break the downward trend?
- I didn't find anything directly expressed about the need for financing, so I'm wondering if you think it can be handled with the remaining credit facility?
- You’ve previously said that your biggest challenge is to broaden the business to include a larger share of data delivery, and, by becoming a complete supplier of avionics, subsystems,
- Can we presume that it is within this particular field
- What is your near term outlook for satellite launches?
- Are you still targeting your own weather satellites or do you focus more on Maritime and Agriculture for your own satellites?
- There has been a change of board members where Nicole is not part of AAC anymore, did her new position in Comtech conflict with AAC or what was the reason for her departure?
- How long satellites need after they launched into Space to be fully operational and delivering Data you can sell?
- I was wondering to see the Wyvern Sat is not delivering revenue Q2?
- I wonder about EPIC Hyper-2 and Kelpie-2 and why you didn’t include their launch in events during the quarter?
- How are you financed in the future? Will more capital be needed for further growth or will you manage without additional capital?
- You estimate a turnover of SEK 500 m in 2024. What margins do you expect to land on? (1)
- Why are you unable to find new bigger investors willing to defend the share price? since the IPO there have been several large owners who have sold but very few who have taken their seats (apart from those who received shares as payment).
- What is a realistic goal on Sdaas turnover within the next years? How is the increased speed through the rights issue mirrored in forecasts for 24 and 25?
- You have previously mentioned that VDES is SDAAS. What role does AAC, Orbcomm and SAAB have in the project and how are the income shared between the three partners?
- Has the VDES satellite Njord-1 changed name to Ymer-1?
- How many satellites are there today in the AAC group’s own fleet? How many satellites are you working on right now?
- You say that you intend to "sell" 6 of the xSpancion satellites, does that mean that you sell the satellites completely as a mission project or will they remain in AAC ownership and only the place for payload is sold?
- How big will the 4 and 6 xSpancion satellites be and how many payloads/satellites?
- Can you tell us a bit more about the deal with the American blue chip company?
- How is your MoU with Qinetiq going? Do you still have a collaboration?
- Any news from AAC Africa? (1)
- Any plans on building more ground stations? (1)
- Can you say something about why you chose to buy more shares at this time?
- When are you planning to move to a bigger list?
- Can you confirm the 500 MSEK, or do you have another, realistic, forecast for 2024?
- Why are you not providing a report on YEO, we have come a long way now so you should be aware of this? Are we reaching the expected turnover?
- It seems like the growth costs a lot of money which is hard to regain from investors these days?
- In your most recent rights issue 43% of the shares were subscribed. Are you happy with this outcome?
- What are the main consequences/trade offs for the company of only having 43% subscription rate?
- Recently there was a consolidation of shares 50:1. What was the main reasons behind this decision? Some of my fellow shareholders are speculating that one of the reasons is that it makes it easier to make additional right issues, any comments on this?
- When will you move to a bigger list? First North is not in your favor since it is a non-liquid market place and some investors avoid the list. Does not matter how good news you release a big mass of investors will still avoid the list.
- In the Q3 report, the warrants (2020/2023B etc) are not corrected for the 50:1 share split. Is this intentional or will they be corrected?
- The cash is again running pretty low. End of Q3 roughly 22MSEK. Do you have plans, except yet another devastating share renumeration, how to mitigate this?
- Can you elaborate on the different options you are looking into, is it through external channels or still through AAC’s own satellites?
- I assume we will see a write down of the satellite’s book value in Q4, is that correct and are you able to disclose the effect of this?
- If you manage to deliver the data anyways, is there any additional potential sales impact from losing the satellite? If I remember correctly, the data was exclusively for one customer.
- Is there any potential timeline you can communicate regarding the insurance claim? Is it correct to assume it will not match the timing of the write down?
- Do you have any updates regarding the lost Kelpie satellite? Is it possible to deliver the intended data from existing constellation or is a replacement satellite planned? If no, will the insurance cover loss of income as well as loss of hardware?
- The order backlog is reported in SEK and positive year on year. Is the backlog still growing if you disregard exchange rate effects?
- Do you expect the royalty income to stay on this level? The full cashflow effect is not expected until H1 next year. Can you elaborate on the timing of the cashflow?
- The AWS weather payload was delivered in October. Should we expect the full order value to be recognized in Q4, if not – can you elaborate on how the revenue has been distributed?
- Regarding your revenue recognition model. Can you elaborate on what milestones are used for each segment and approx.
- Where did the recent royalty income come from?
- How far forward does the license agreement with York space extend? Can you give us a little more detail about what the agreement looks like, how much royalties can we expect going forward? how much royalties per satellite?
- In the latest report there was a gross margin improvement of 10% excluding royalties, what is the main driver behind that?
- If you exclude the royalties from the last quarterly report, then the quarter is actually a bit lower compared to last year. What is the main reason for this?
- Investing cash flow has drained the cash equivalents this year, can you please specify where or which projects these costs are related to, and also if the cost was planned or if it was higher than expected.
- How do you assess the customer interest/activity compared to last year?
- Ymir-1 has been launched, can we expect Ymir-1 to generate revenue by itself or do you need to have multiple satellites to complete the constellation before it can generate revenue?
- Is the 166.8 MSEK backlog mainly connected to the 4 xSPANCION satellites that are planned to be launched within the project?
- In what way are you accelerating the xSPANCION project compared to the original plans?
- Should we expect customer agreements or orders to be communicated before the launch of the xSPANCION satellites?
- Is the agriculture opportunity still on the table which was mentioned during the spring?
- The four satellites already in orbit in the SpaceQuest constellation, for how many years can we count on them to be operational?
- The order backlog for 2024 was communicated to amount to 280 MSEK
- How are you expecting to reach the 430 / 500 MSEK target with only 280 MSEK in the backlog? Quite a substantial difference, approximately half of 2023 revenue.
- Given that 5-10% EBITDA would be a massive improvement compared to 2024, can you provide any comments on how you expect to achieve this?
- Previous quarters for the year you've had positive EBITDA every quarter. Even considering the mentioned currency effects the EBITDA is still negative for Q4, what is the main reasons behind this?
- SDaaS has increased a bit this year, should we expect it to increase further 2024?
- How many SDaaS satellites are currently operational and delivering revenue? And how many satellites are launched and about to deliver revenue?
- Regarding the SDaaS there have been no orders communicated since the large Wyvern order a few years ago. Do you have difficulties to attract customers for this segment?
- The xPANCION project was supposed to be accelerated through the capital injection, yet according to my calculations the xPANCION project is actually behind its initial time line. What is the reasons for the delays?
- The manufacturing of the first xPANCION satellites are planned in spring. Why do start manufacturing without any larger commitments from customers?
- Considering it's a 200 MSEK investment into the project in total, should you not ensure some larger orders before you start manufacturing?
- It was mentioned the first four satellites have gone through the preliminary design review during 2024.
- For the xPANCION project, what is the expected most common subscription type? Capacity subscription, annual subscription or pay per access?
- What is the main reasons behind the improved operational cashflow for Q4?
- You mentioned expected positive cashflow for 2024, does that mean that you expect cashflow from Operational activities to be positive for the full year 2024?
- Has Ymir started to deliver any revenue?
- There was some large orders communicated at the end of the quarter. How is the customer interest at the moment?
- Are you expecting the reorganisation to incur additional costs for the company?
- When in 2024 are you expecting to launch the additional two VDES satellites?
- Any comment on the market's reaction to the report?
- How many satellites do you expect to launch during 2024? Owned by AAC and in total.
- How long do you expect the commercialisation of the SmallCAT laser to take?
- Are there any competitors for the SmallCAT laser for small satellites?
- Recently, a billionaire started buying a large amount of shares from Gomspace. If you were to speculate, what made him invest in Gomspace and not AAC?
- In the Q3 report you wrote "Available cash and cash equivalents as of 30 September 2023 totalled SEK 22.7 M (25.0), excluding use of an unutilised bank overdraft facility of SEK 12.2 M (5.0)
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