Tag Archives: UrtheCast

The Canadian Space Agency today announced eight contracts worth over $4 million for studies that will explore possible future Canadians Earth Observation systems. The contracts stem from the Option Analysis Studies for Earth Observation for Service Continuity request for proposals which was issues this past January. The CSA will evaluate the studies to determine what path to take when it needs to replace the RADARSAT …

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.

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.

UrtherCast reported mixed third quarter earnings yesterday and indicated that it was poised to follow through on its business plan to deliver machine-to-machine Earth observation software as a service.