Urthecast Corp. focuses on developing ultra HD video feed of the Earth, streamed from space in full color. The company focuses on operating its ultra HD video camera and medium resolution camera mounted on the outside of the Russian module of the International Space Station. Its cameras would provide ultra HD video and still imagery of the Earth that would allow for monitoring of the environment, humanitarian relief, social events, agricultural land, etc. The video and still image data captured by the cameras would be down linked to ground stations across the planet and displayed on the Urthecast Web platform, or distributed directly to partners and customers. Urthecast Corp. is headquartere...
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UrtheCast Corp. Announces Executive Changes
Dec 10 15
UrtheCast Corp. announced that, effective immediately, Wade Larson has accepted the role as Chief Executive Officer in addition to his roles as President and COO. As a co-founder of UrtheCast five years ago, Wade developed the original vision behind the Company. He has over 20 years of space sector experience with the Canadian Space Agency, MacDonald, Dettwiler and Associates Ltd. (MDA), and most recently as President and COO of UrtheCast. He has extensive experience in space-related strategy formulation, business development, government relations, corporate development, and operations. Wade takes this expanded leadership role as UrtheCast has transitioned into a fully commercial and operational Earth Observation company, with four space-based sensors, a global sales force, a deep data archive and an emerging web delivery platform. Scott Larson is stepping down from his role as the CEO.
Urthecast Corp. Presents at Aerospace Industries Association of Canada's Canadian Aerospace Summit 2015, Nov-17-2015 03:15 PM
Nov 16 15
Urthecast Corp. Presents at Aerospace Industries Association of Canada's Canadian Aerospace Summit 2015, Nov-17-2015 03:15 PM. Venue: Shaw Centre, Ottawa, Ontario, Canada. Speakers: Wade Jeffrey Larson, President, Chief Operating Officer and Director.
Urthecast Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 10 15
Urthecast Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of USD 15,018,688. Operating loss was USD 9,186,712 against USD 3,951,238 a year ago. Loss before income taxes was USD 11,864,903 against USD 3,946,375 a year ago. Net loss was USD 11,947,611 or USD 0.12 per basic and diluted share against USD 3,946,375 or USD 0.06 per basic and diluted share a year ago. LBITDA was USD 7,557,780 against USD 3,913,128 a year ago. Adjusted LBITDA was USD 4,316,264 against USD 3,374,483 a year ago.
For the nine months, the company reported revenue of USD 23,251,797. Operating loss was USD 11,623,087 against USD 11,947,087 a year ago. Loss before income taxes was USD 17,290,549 against USD 11,884,739 a year ago. Net loss was USD 17,373,257 or USD 0.22 per basic and diluted share against USD 11,884,739 or USD 0.18 per basic and diluted share a year ago. LBITDA was USD 12,689,935 against USD 11,859,712 a year ago. Adjusted LBITDA was USD 5,067,231 against USD 9,830,596 a year ago.