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MDA lowers guidance after Telesat Lightspeed delay

Earnings up 22% YoY as net loss reaches $6.9M

Alex GoldmanbyAlex Goldman
August 15, 2022
in Investments, News
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Space technology provider MDA (TSX:MDA) lowered its 2022 revenue guidance to between $630 million-$650 million Canadian dollars (U.S. $493 million-$509 million) from CA$750 million-CA$800 million (U.S. $587 million-$626 million). The Brampton, Ontario-based company cited the delay of Telesat’s (NASDAQ:TSAT / TSX:TSAT) Lightspeed constellation as well as slower ramp-up of two large Canadian government programs, Canadarm3 […]

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Tags: BMO Capital MarketsCanadian Space AgencyEarningsMDAPremiumRBC Capital Markets
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