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MDA Space Reports 45% Revenue Surge Despite Falling Shares

11/16/2025

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Summary

Story summary

MDA Space Ltd. reported third-quarter revenue of C$409.8 million, up 45% from last year.
Net income declined to C$24.4 million from C$29.5 million, while adjusted earnings per share rose to C$0.35.
The performance was driven by demand for advanced satellite systems and contracts, including Telesat Lightspeed.
Shares fell nearly 5%, and analysts reaffirm a 2025 revenue target of up to C$1.63 billion.

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Story summary

MDA Space Ltd. reported third-quarter revenue of C$409.8 million, up 45% from last year.
Net income declined to C$24.4 million from C$29.5 million, while adjusted earnings per share rose to C$0.35.
The performance was driven by demand for advanced satellite systems and contracts, including Telesat Lightspeed.
Shares fell nearly 5%, and analysts reaffirm a 2025 revenue target of up to C$1.63 billion.