MDA Space Ltd MDALF

Primary Symbol: T.MDA

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 Mar 17, 2022 10:45pm

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Post# 34524065

MDA REPORTS FOURTH QUARTER AND FISCAL 2021 RESULTS

Robust business activity with backlog growing to $864.3 million, up 54% YoY
Full-year revenues of $476.9 million, up 16% YoY
Strong profitability with full-year gross profit of $167.8 million (up 43% YoY) and adjusted EBITDA of $137.1 million (up 8% YoY)
Solid full-year adjusted EBITDA margin at 29%

BRAMPTON, ON, March 17, 2022 /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced financial results for the fourth quarter and year ended December 31, 2021 demonstrating double-digit revenue growth, increased order bookings and healthy backlog.