MDA Space Ltd

Latest Results (12.06.2024):

Q1 2024 Revenue Growth

MDA Space Ltd reported a healthy increase in revenue for the first quarter of 2024, with total revenues reaching $209.1 million, marking a 3.6% rise compared to the same period last year. This growth underscores the company's ongoing expansion and its ability to secure new contracts in the competitive space technology market.

Q1 2024 Profitability

For Q1 2024, MDA Space Ltd demonstrated solid profitability, with an adjusted EBITDA of $42.0 million and an impressive adjusted EBITDA margin of 20.1%. This performance highlights the company's effective management and operational efficiency in delivering its space technology solutions.

Q1 2024 Earnings Per Share

MDA Space Ltd achieved an adjusted net income of $18.1 million in the first quarter of 2024, translating to an adjusted diluted earnings per share of $0.15. This reflects the company's strong financial health and its ability to generate shareholder value amidst a dynamic market environment.

Q1 2024 Backlog and Contracts

The company reported a record backlog of $3.3 billion at the end of Q1 2024, a significant increase of 169% year-over-year. This robust backlog, fueled by recent contract awards such as the MQ-9B SkyGuardian systems for the Canadian Armed Forces, positions MDA Space Ltd for sustained growth and delivery on its commitments.

Q1 2024 Outlook Reaffirmation

MDA Space Ltd has reaffirmed its financial outlook for the full year 2024, reflecting confidence in its business strategy and future performance. The company continues to capitalize on the expanding opportunities within the global space industry, driven by innovation and strong market demand.