AAC Clyde Space AB (publ) AAC
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Full analysis: 19 Jul 2026
Latest news check: 3 Aug 2026
General analysis — not personal advice.
HOLD
6/10
Confidence
Current position may be maintained pending the Q2 report.
Strong order book and new ESA contracts are balanced by continued negative cash flow and execution risk ahead of the Q2 report.
Market sentiment
6/10
↑
Trend: Improving
Investors note the new contracts and Bonnier Capital entry positively, yet remain concerned about cash flow and dilution.
Risk assessment
6/10
Dilution:
Medium
Capital needs persist despite recent financing round.
Jurisdiction:
Low
Core operations in Sweden and Western Europe.
Execution:
Medium
History of project delays in major programs.
Cash flow:
15 mo
Recent changes
- ▼ Cash position has fallen from $10M to $2.5M.
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Show all changes (16) — follow the company freeAbout the company
AAC Clyde Space develops and supplies small satellites and satellite-based data services. The company focuses on Space Data as a Service with recurring revenues from Earth observation and maritime surveillance. Operations are mainly in Sweden and the UK with customers including ESA and commercial entities.
Sector:
Space technology
Type:
Tech
Next report
13 Aug 2026
Q2
Catalysts
Q4 2026
EPS-Sterna phase 2
High
Q4 2026
Satellite launches
High
Horizon:
Bull case
Strong order book and new ESA contracts drive growth in the data and services segment.
Bear case
Negative cash flow and history of project delays require continued financing.
Signal rationale (informational)
Strong order book and new ESA contracts are balanced by continued negative cash flow and execution risk ahead of the Q2 report.
Recent news
- Citadel Securities registered a short position on 22 July that was closed by 28 July.
Price & valuation
Last close
SEK 126
1 week
+5.5 %
3 months
-5.1 %
12 months
+38.8 %
From 52w high
-28.6 %
From 52w low
+70.2 %
Exchange
Stockholm
Type
Technology
Sector
Space technology
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