Mda Ltd. (TSE:MDA) has released an update.
MDA Ltd. has reported a robust financial performance for Q4 and the entire fiscal year of 2023, with a 26% increase in annual revenues and a 24% rise in adjusted EBITDA. The company has experienced significant growth, with record order bookings of $2.5 billion and a backlog that has surged by 125% to $3.1 billion, indicative of strong demand for its satellite systems and space operations. Looking ahead, MDA Ltd. is optimistic about its financial prospects for 2024, expecting to maintain this momentum.
For further insights into TSE:MDA stock, check out TipRanks’ Stock Analysis page.
