January 21, 2017 8:15 PM ET

Internet Software and Services

Company Overview of Urthecast Corp.

Company Overview

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....

1055 Canada Place

Suite 33

Vancouver, BC V6C 0C3

Canada

Phone:

604-669-1788

Fax:

604-669-1799

Key Executives for Urthecast Corp.

Co-Founder, Chief Executive Officer, President and Director
Age: 46
Total Annual Compensation: C$275.0K
Co-Founder and Chief Technology Officer
Age: 52
Total Annual Compensation: C$220.0K
Chief Financial Officer
Age: 53
Total Annual Compensation: C$220.0K
Executive Vice-President, General Counsel and Corporate Secretary
Total Annual Compensation: C$220.0K
Executive Vice President of Corporate Finance and Strategy
Age: 47
Total Annual Compensation: C$281.3K
Compensation as of Fiscal Year 2015.

Urthecast Corp. Key Developments

UrtheCast Corp. Signs Contract for $3.9 Million to Provide Hardware and Engineering Services

UrtheCast Corp. announced it has signed a contract to provide engineering services and space hardware for $3.9 million. The company expects to deliver the related space hardware in the fourth quarter of 2017 and to receive 70% of the contract price in the first quarter of 2017. The contract is subject to customary covenants and conditions for supply agreements of this nature.

UrtheCast Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Announces Impairment Charges for the Third Quarter of 2016; Reaffirms Earnings Guidance for the Year 2016

UrtheCast Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's total revenue was CAD 20.7 million compared with CAD 15.4 million a year ago. Operating loss was CAD 8.9 million compared with CAD 9.2 million a year ago. Loss before income taxes was CAD 9.9 million compared with CAD 11.9 million a year ago. Net loss was CAD 9.6 million or CAD 0.09 per basic and diluted share compared with CAD 11.95 million or CAD 0.12 per basic and diluted share a year ago. EBITDA loss was CAD 3.0 million compared with CAD 5.9 million a year ago. Adjusted EBITDA was CAD 4.7 million compared with loss of CAD 4.3 million a year ago. Non-IFRS revenue was CAD 15.5 million compared with CAD 9.3 million a year ago. For the nine months, the company's total revenue was CAD 54.5 million compared with CAD 27.7 million a year ago. Operating loss was CAD 21.4 million compared with CAD 11.6 million a year ago. Loss before income taxes was CAD 23.9 million compared with CAD 17.3 million a year ago. Net loss was CAD 20.99 million or CAD 0.20 per basic and diluted share compared with CAD 17.4 million or CAD 0.22 per basic and diluted share a year ago. EBITDA loss was CAD 2.99 million compared with CAD 11.0 million a year ago. Adjusted EBITDA was CAD 3.8 million compared with loss of CAD 5.2 million a year ago. Non-IFRS revenue was CAD 38.2 million compared with CAD 17.5 million a year ago. The company announced asset impairment of CAD 7.8 million for the third quarter ended September 30, 2016. The company reaffirmed its full-year guidance for 2016 of non-IFRS revenue of between CAD 55 million and CAD 60 million and non-IFRS adjusted EBITDA of between CAD 4.2 million and CAD 6.2 million. The company expects IFRS revenue range of CAD 78 million to CAD 83 million.

Urthecast Corp. to Report Q3, 2016 Results on Nov 10, 2016

Urthecast Corp. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Nov 10, 2016

Similar Private Companies By Industry

Company Name Region
0969607 B.C. Ltd. Americas
20 Year Media Corp. Americas
2000 New Commerce Inc Americas
2336414 Ontario Inc. Americas
2458487 Ontario Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Urthecast Corp., please visit www.urthecast.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.