Urthecast Corp T.UR

Primary Symbol: LFDEF

Technology Software - Application

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.

GREY:LFDEF - Post by User

Urthecast Corp

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Comment by Links68on Dec 11, 2015 9:58am

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Post# 24376252

RE:RE:RE:news out...

On its own, this release means almost nothing. The better rate is obviously a good sign. What i want to know is why did they need the extra cash? The release makes reference to operational and growth initiatives... Looking at their cash position as of Sept 30th and being very conservative with Q4 & Q1 '16 cash flow assumptions, they had enough to comfortably get through that period if not the rest of next year.

I'm hoping we hear in the next 30 days plans for the advanced timelines of the constellation and that the extra cash was needed as a down payment to get the builds started.

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