UrtheCast reports Q1 2020 financial results and is awarded $1M government contract

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.