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Highlights

  • MDA concluded Q3 2023 with improved top-line business across the three divisions.
  • Its revenue was registered at CAD 204.7 million for Q3 2023, versus CAD 172.0 million in Q3 2022.
  • It clocked revenue of around CAD 204.7 million, around 19% higher than CAD 172.0 million in pcp.
  • Overall, MDA secured a net income of CAD 9.3 million in Q3 2023.             

An international space mission partner and robotics, satellite systems, and geo-intelligence pioneer, MDA Ltd. (TSX: MDA) is involved in development and manufacturing of advanced technology and services for the global space industry. The company has its footprint spanning across the United States, Europe, Asia, the Middle East, and Others. However, its major source of revenue is from Canada.

Going forth, MDA is planning to expand the scale and scope of its business so as to strengthen its mark in this promising market with a growing number of product and amplifying services volumes.

The company concluded Q3 2023 with improved top-line business across the three divisions. Total revenue of the firm was registered at CAD 204.7 million for Q3 2023, versus CAD 172.0 million in Q3 2022.

Its gross profit rose from CAD 56.4 million in Q3 2022 to CAD 57.7 million in Q3 2023. Also, its adjusted EBITDA has jumped by 10.3% to CAD 42.8 million, against CAD 38.8 million in Q3 2022.  At the end of the quarter, its orderbook stood at CAD 3.1 billion.

However, there was a drop in its income from operations in the reporting period, because of increased operating costs.  Its income before income taxes also declined in the quarter to CAD 14.9 million.

Overall, MDA secured a net income of CAD 9.3 million in Q3 2023.

             

Top 10 Shareholders:

Around 33.36% of the total shareholding is held by its top ten shareholders. While Senvest Management, LLC is the biggest shareholder in the firm with over ­­11.8% stake, Northern Private Capital Fund I Partnership Ltd is the secondbiggest shareholder with 8.86% shareholding.

Stock Price Performance

MDA’s stock price has increased by 8.95% in the past one week. It has jumped by 14.63% over the last one month. The stock’s 52-week high and low price stand at CAD 12.66 and CAD 6.21, respectively.

 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is February 9, 2024. The reference data in this report has been partly sourced from EODHD/Others.