MDA Space Ltd T.MDA

Alternate Symbol(s): MDALF

Industrials Aerospace & Defense

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics. Its communications satellites include a complete range of modular digital products and components for space-based communication solutions coupled with advanced manufacturing capable of producing two satellites a day. It owns and operates RADARSAT-2 earth observation satellite. Its earth observation services include analytics solutions that give customers information and insights from environmental monitoring, disaster management, maritime domain awareness and security to mining.

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MDA Space Ltd

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Post by Betteryear2on May 12, 2023 10:00am

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MDA REPORTS FIRST QUARTER 2023 RESULTS

Strong top line growth with revenues of $201.9 million in Q1 2023, up 57% YoY
Solid profitability with adjusted EBITDA (excluding non-recurring items) of $48.9 million in Q1 2023, up 77% YoY
Robust adjusted EBITDA margin of 24.2% in Q1 2023
Strong operating cash flow of $46 million in Q1 2023, up 212% YoY
Healthy backlog of $1.2 billion at quarter end
Reaffirmed 2023 full-year financial outlook

BRAMPTON, ON, May 12, 2023 /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced its financial results for the first quarter ended March 31, 2023.

MDA REPORTS FIRST QUARTER 2023 RESULTS (newswire.ca)