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Urthecast Corp LFDEF

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

Post by bart83NLon Oct 14, 2019 10:05am
190 Views
Post# 30228064

Backlog revenue

Backlog revenueI can imagine that the revenue stream has not grown much last year, because the finance deal for Urthedaily was cancelled and there was a going concern matter in the financial statements. As customer you than problaby consider things 2 times before you sign in. I am more wondered if they not lost customers because of a delay in the project. Hopefully when they can get it financed the backlog revenue can speed up. Furthermore it is disappointing not to see a press release regarding to the sale of Deimos. They released earlier a date at the end of September. They could at least release something in gerneral terms (about current situation). Now there are bringing in uncertainty again in the markt.
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