House know-how agency MDA reviews Q1 revenue, income up 4% from 12 months in the past

BRAMPTON, Ont. – MDA Ltd. reported internet revenue of $8.4 million in its first quarter in contrast with a internet lack of $1.6 million in the identical quarter final 12 months as its income edged up 4 per cent.

The house know-how agency says its revenue amounted to seven cents per diluted share for the quarter ended March 31 in contrast with a lack of two cents per diluted share a 12 months earlier.

Income totalled $128.4 million, up from $123.4 million within the first three months of 2021.

The corporate says income at its robotics and house operations enterprise rose to $42.4 million in contrast with $34.3 million a 12 months in the past, whereas its geointelligence enterprise reported $48.9 million in income, down from $49.0 million final 12 months.

Income at MDA’s satellite tv for pc methods enterprise fell to $37.1 million in contrast with $40.1 million a 12 months earlier.

MDA’s backlog at March 31 stood at $1.52 billion, up from $684.7 million on the finish of March final 12 months and $864.3 million at Dec. 31, 2021.

This report by The Canadian Press was first revealed Might 11, 2022.

Corporations on this story: (TSX:MDA)

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