UrtheCast Corp., a technology company, provides information-rich products and services to geospatial and geoanalytics markets. The company operates four earth observation sensors in space, including two cameras aboard the International Space Station; and two satellites, Deimos-1 and Deimos-2 for capturing imagery and video data that are downlinked to ground stations across the planet and displayed on company’s cloud-based Web platform, or distributed directly to partners and customers. It is also developing OptiSAR, an integrated constellation of multispectral optical and synthetic aperture radar satellite. In addition, the company offers engineering and value-added services. UrtheCast Corp....
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UrtheCast Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended on June 30, 2016; Reaffirms Earnings Guidance for the Full Year of 2016
Aug 9 16
UrtheCast Corp. announced unaudited consolidated earnings results for the second quarter and six months ended on June 30, 2016. For the quarter, the company reported revenue of $20,973,000 against $4,975,000 a year ago. Operating loss was $697,000 against $2,553,000 a year ago. Loss before income taxes was $1,487,000 against $5,676,000 a year ago. Net loss was $277,000 against $5,676,000 a year ago. Basic and diluted net loss per share was $0.00 against $0.08 a year ago. Non-IFRS revenue was $15,894,000 against $4,975,000 a year ago. EBITDA was $5,485,000 against LBITDA of $5,515,000 a year ago, as a result of both higher revenues and an overall decrease in operating costs. Adjusted EBITDA was $4,992,000 against adjusted LBITDA of $1,804,000 a year ago. Non-IFRS revenue was $15.9 million in this quarter, an increase of $9.1 million over the prior quarter and an increase of $10.9 million over the same period in 2015. These increases were due to both higher Earth Observation imagery sales and higher Engineering Services revenues.
For the six months, the company reported revenue of $33,125,000 against $8,233,000 a year ago. Operating loss was $46,350,000 against $14,734,000 a year ago. Loss before income taxes was $14,033,000 against $5,426,000 a year ago. Net loss was $11,377,000 against $5,426,000 a year ago. Basic and diluted net loss per share was $0.11 against $0.08 a year ago. Non-IFRS revenue was $22,712,000 against $8,233,000 a year ago. EBITDA was $24,000 against LBITDA of $5,132,000 a year ago. Adjusted EBITDA was $987,000 against $920,000 a year ago.
The company reaffirms full year 2016 guidance to achieve non-IFRS revenue between $55 million and $60 million (representing an IFRS revenue range of $78 million to $83 million) and non-IFRS adjusted EBITDA guidance between $4.2 million and $6.2 million in fiscal 2016.
Urthecast Corp. Presents at 36th Annual Canaccord Genuity Growth Conference 2016, Aug-11-2016 10:30 AM
Aug 7 16
Urthecast Corp. Presents at 36th Annual Canaccord Genuity Growth Conference 2016, Aug-11-2016 10:30 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States.