Tag Archives: UrtheCast

UrtheCast financial results for the first quarter of 2020 showed steady revenue year-to-year, though the company is still having trouble securing financing for the UrtheDaily Constellation. While revenue stayed steady at $4.4 million, operating costs increased to $7.8 million. The company reported a net loss from continuing operations of $2.5 million and a net loss from discontinued operations of $8.6 million. This page is for …

Last week UrtheCast announced it had closed $6.6 million in financing with Vine Rose Limited and that Geosys, an UrtheCast company, had implemented the UrthePipeline technology with a new virtual constellation.

The Canadian Space Agency (CSA) has awarded just over $15 million in funding to 25 companies for its Space Technology Development Program (STDP).

Yesterday UrtheCast announced its fourth quarter and fiscal year 2018 financial results which saw revenue of $15.6 million in 2018 compared to $40.4 million in 2017.

The Canadian Space Agency (CSA) is already thinking about what’s next after its RADARSAT Constellation Mission (RCM) launches in February 2019.

There are 13 Canadian commercial satellite constellations in development with 384 planned satellites and five satellites already on-orbit.

In reading the second quarter financial results from UrtheCast you can see how bad the situation is. Listening to their investor call is what truly gives you a sense as to how bad this company performed, but that maybe, better times might be in sight.

It’s been a difficult start to the year for Vancouver based UrtheCast. Today the company announced that Greg Nordal would be resigning as interim CEO.

It’s been rough start to the year for UrtheCast as it tries to move forward with its plan to build its UrtheDaily Constellation. A confluence of events though has the company on the edge of a precipice.

UrtheCast today provided and update on their efforts to close the financing needed for their UrtheDaily Constellation. According to the press release, the hold-up is the need to raise the last US$25 million of subordinated capital or equity financing.