UrtheCast Corp., a technology company, 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 downlinked to ground stations across the planet and displayed on the UrtheCast Web platform, or distributed directly to partners and customers. UrtheCast...
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UrtheCast Corp Announces Resignation of Peter W. Roberts from the Board of Directors
Apr 6 15
UrtheCast Corp. announced that Peter W. Roberts has resigned from the Board of Directors for personal reasons.
UrtheCast Corp. Signs Contract for $9 Million to Provide Hardware and Engineering Services
Apr 6 15
UrtheCast Corp. announced the signing of a contract, valued at approximately $9-million, to provide a range of engineering services and related space hardware to an international customer. Under the terms of the contract, the hardware will be delivered in 2017 and work will commence immediately. Among other benefits, this system will help improve communications throughput and data acquisition latency of the company's Earth Observation products and services.
UrtheCast Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Mar 23 15
UrtheCast Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's revenue was $3,944,850. Operating profit was $6,073,451 compared to operating loss of $4,899,612 for the same period of last year. Net profit was $6,091,287 compared to net loss of $4,827,939 for the same period of last year. Net profit per share was $0.09 compared to $0.08 for the same period of last year.
For the full year, the company's revenue was $3,944,850. Operating loss was $5,873,636 compared to $11,831,876 for the same period of last year. Net loss was $5,793,452 compared to $19,232,773 for the same period of last year. Net loss per share was $0.09 compared to $0.42 for the same period of last year. Net cash generated from operating activities was $255,585 against net cash used in operating activities of $10,508,702 a year ago. Acquisition of property and equipment was $3,164,692 against $16,941,935 a year ago.