Technicians work on Radarsat Constellation Mission satellites at the MDA facility in Montreal in 2018. The company recorded third-quarter revenue of $283.5-million in its satellite systems division.Ryan Remiorz/The Canadian Press
MDA Space Ltd. MDA-T reported $24.4-million in net income for its third quarter, down from $29.5-million in the same quarter last year as its revenue rose 45 per cent compared with a year ago.
The company says the profit amounted to 19 cents per diluted share for the quarter ended Sept. 30, down from 24 cents per diluted share a year ago.
On an adjusted basis, MDA says it earned 35 cents per diluted share in its latest quarter, up from an adjusted profit of 28 cents per diluted share a year ago.
Revenue totalled $409.8-million, up from $282.4-million in the third quarter of 2024.
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MDA says its satellite systems business saw $283.5-million in revenue for the quarter, up from $167.6-million a year ago, while its robotics and space operations businesses earned $78.3-million in revenue, up from $66.5-million in the same quarter last year. The company’s geointelligence operations earned $48.0-million in revenue, down from $48.3-million a year ago.
MDA’s backlog stood at $4.4-billion at the end of its most recent quarter.