The growing interest in and expanding applications of small satellite constellation networks necessitates effective and reliable high-bandwidth communication between spacecraft. The applications of these constellations (such as navigation or imaging) rely on the precise measurement of timing offset between the spacecraft in the constellation. The CubeSat Laser Infrared CrosslinK (CLICK) mission is being developed by the Massachusetts Institute of Technology (MIT), the University of Florida (UF), and NASA Ames Research Center. The second phase of the mission (CLICK-B/C) will demonstrate a crosslink between two CubeSats (B and C) that each host a \u3c 2U laser communication payload. The terminals will demonstrate full-duplex spacecraft-to-spacecraft communications and ranging capability using commercial components. As part of the mission, CLICK will demonstrate two-way time-transfer for clock synchronization and data transfer at a minimum rate of 20 Mbps over separation distances ranging from 25 km to 580 km. The payloads of CLICK B and C include a receiver chain with a custom photodetector board, a Time-to-Digital Converter (TDC), a Microchip Chip-Scale Atomic Clock (CSAC), and a field-programmable gate array (FPGA). The payloads can measure internal propagation delays of the transmitter and the receiver, and cancel environmental effects impacting timing accuracy. The photodetector board is 2.5 cm x 2.5 cm and includes an avalanche photodiode (APD) and variable-gain amplifiers through which the detected signal is conditioned for the TDC to be time-stamped. This design has been developed from the UF and NASA Ames CubeSat Handling Of Multisystem Precision Time Transfer (CHOMPTT) project and associated MOCT (Miniature Optical Communication Transceiver) demonstration. The TDC samples the signal at four points: twice on the rising edge at set thresholds, and twice at the falling edge at those same thresholds. These four time-offset samples are sent to the FPGA, which combines the measurements for a reported timestamp of the detected laser pulse. These timestamps can then be used in a pulse-position modulation (PPM) demodulation scheme to receive data at up to 50 Mbps, to calculate range down to 10 cm, and for precision time-transfer with \u3c 200 ps resolution. In this paper, we will discuss the designed capabilities and noise performance of the CLICK TDC-based optical receiver chain
