The space technology company says earnings came to 24 cents per diluted share for the quarter ended September 30, compared with earnings of eight cents per diluted share a year earlier.

Revenue totaled $282.4 million, up from $204.7 million in the same quarter last year.

The increase came as revenue from satellite systems totaled $167.6 million, up from $94.4 million a year ago, while revenue from robotics and space operations totaled $66. $5 million, up from $61.9 million. Geointelligence revenue was $48.3 million, compared to $48.4 million in the same quarter last year.

On an adjusted basis, MDA says it earned 28 cents per diluted share in its most recent quarter, compared to adjusted earnings of 18 cents per diluted share a year ago.

In its outlook, MDA says it now expects full-year revenue to be between $1.045 billion and $1.065 billion, up from previous expectations of between $1.02 and $1.06 billion.

This report by The Canadian Press was first published November 15, 2024.