MDA, a satellite tv for pc and house know-how firm, reported a revenue of $ 600,000 within the fourth quarter, up 15% year-on-year.

MDA Ltd. MDA-T reported a +3.06% improve in revenue to $ 600,000 within the fourth quarter of 2020, up 15% from a lack of $ 12.6 million in the identical interval a yr earlier.

Satellite tv for pc and house know-how firm mentioned their revenue for the quarter ended December 31 was lower than a penny per share.

Within the fourth quarter of 2020, whole income reached $ 115.5 million, up from $ 100.2 million within the earlier quarter.

The MDA mentioned its adjusted earnings earlier than curiosity, taxes, depreciation and amortization for the quarter was $ 26.0 million, up from $ 21.7 million the yr earlier than.

Earlier this month, MDA introduced it had received a $ 269-million contract from the Canadian Area Company for the following section of the Canadorm 3 program, which can full the corporate’s primary design of the robotics system.

The corporate’s backlog stood at $ 864.3-million as of December 31, rising to $ 562.5-million by the tip of 2020.

Information abstract:

  • MDA, a satellite tv for pc and house know-how firm, reported a revenue of $ 600,000 within the fourth quarter, up 15% year-on-year.
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