MDA Ltd ( (TSE:MDA) ) has provided an update.
MDA Space Ltd. reported a robust first quarter for 2025, with significant financial growth highlighted by a 46% increase in backlog and a 68% rise in revenues compared to the previous year. The company achieved an adjusted EBITDA of $68.6 million, marking a 63% year-over-year increase, and maintained a strong net cash position. Notably, MDA secured a major contract with Globalstar for its next-generation LEO constellation and announced the acquisition of SatixFy Communications, enhancing its satellite systems offerings. The company reaffirmed its positive financial outlook for 2025, anticipating continued growth driven by strategic initiatives and strong market demand.
Spark’s Take on TSE:MDA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDA is a Outperform.
MDA Ltd’s overall stock score reflects its strong financial performance, positive future growth prospects, and strategic corporate actions. While the technical analysis suggests caution due to bearish indicators, the company’s robust backlog and recent contract wins provide a solid foundation for future growth. The high P/E ratio suggests the stock is expensive, but growth potential and strategic positioning in the aerospace and defense sector offer upside potential.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Ltd
MDA Space Ltd. is a leading global provider in the space technology industry, known for its role as a trusted mission partner. The company focuses on delivering advanced space technology and services, with a strong emphasis on satellite systems and digital satellite communications. MDA Space is actively expanding its presence in high-growth markets and geographies, leveraging strategic mergers and acquisitions to complement its organic growth.
Average Trading Volume: 484,113
Technical Sentiment Signal: Buy
Current Market Cap: C$2.93B
Find detailed analytics on MDA stock on TipRanks’ Stock Analysis page.