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

Credit: 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.

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About Marc Boucher

Marc Boucher
Boucher is an entrepreneur, writer, editor & publisher. He is the founder of SpaceQ Media Inc. and CEO and co-founder of SpaceRef Interactive Inc. Boucher has 20 years working in various roles in the space industry and a total of 28 years as a technology entrepreneur including creating Maple Square, Canada's first internet directory and search engine.