Urthecast Corp 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.

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Urthecast Corp > Getting up to speed

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Post by bobmoonon Mar 03, 2020 1:34pm

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Post# 30761791

Getting up to speed

Trying to learn more about UR.TO, loosely tracked over the years, clearly in a tough spot now. I understanding the following:

UR is attempting to sell its Deimos imaging business and technical diligence has been completed
They have term sheets to fund the constellation project
There are $140m in short and long term liabilities on the balance sheet
Seems a small group of investors have kept the company afloat using convertible debentures
Multiple notes are being negotiated for extension

What's the upside case here? I like space as a sector, but what's the argument that UR is going to survive?