MDA Space, headquartered in Brampton, Ontario, Canada, is a global space technology company and a trusted mission partner to the global space industry. As a robotics, satellite systems, and geointelligence pioneer, MDA Space specializes in communication satellites, Earth and space observation, and space exploration and infrastructure. They are known for developing the Canadarm series and contribute to missions with partners like NASA and the Canadian Space Agency (CSA). MDA Space's activities span space robotics, satellite systems, and geointelligence.
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The agreement with MDA and Rocket Lab includes an option for up to nine additional satellites at $11,400,000 each.
Excluding the impact of CEWS, MDA Ltd.'s 2021 adjusted EBITDA was $112,300,000 compared to $85,200,000 in 2020.
MDA Ltd. reported fourth-quarter 2021 gross margin of 39%, compared to 29% in 2020-10-01.
MDA Ltd. reported full-year 2021 gross margin of 35%, compared to 29% in 2020.
MDA Ltd. reported full-year 2021 revenues of $476.9 million, up 16% compared to 2020.
MDA Ltd. reported fourth-quarter 2021 revenues of $115.5 million, up 15% compared to the prior year quarter.
MDA Ltd. reported fourth-quarter 2021 adjusted EBITDA of $26.8 million, representing a 23% adjusted EBITDA margin for the quarter.
MDA Ltd. expects capital expenditures in 2022 to be $180,000,000 to $220,000,000 primarily to support CHORUS and growth initiatives across its three business areas.
MDA Ltd. reported full-year 2021 operating cash flow of $72.1 million, up from $70,400,000 in 2020.
Excluding the impact of the Canada Emergency Wage Subsidy (CEWS), fourth-quarter 2021 adjusted EBITDA for MDA Ltd. was $26,000,000 compared to $21,700,000 in the prior year quarter.
MDA Ltd. recorded a contract award from Globalstar in early 2022 for a LEO satellite constellation valued at approximately $415,000,000.
Excluding CEWS, MDA Ltd.'s adjusted EBITDA margin increased to 24% in 2021 from 21% in 2020.
MDA Ltd. expects 2022 adjusted EBITDA to be in the range of $140,000,000 to $160,000,000.
MDA Ltd. reported full-year 2021 order bookings of $767.9 million, representing a 50% increase over 2020.
MDA Ltd. reported full-year 2021 gross profit of $167.8 million, up 43% compared to 2020.
MDA Ltd. reported full-year 2021 EBITDA of $123.3 million, compared to $65,700,000 in 2020.
MDA Ltd. reported fourth-quarter 2021 EBITDA of $22.9 million, compared to $11,600,000 in 2020-10-01.
MDA Ltd. reported full-year 2021 adjusted EBITDA of $137.1 million, representing a 29% adjusted EBITDA margin for 2021.
MDA Ltd. reported fourth-quarter 2021 operating cash flow of $34.5 million, up from $15,900,000 in 2020-10-01.
MDA Ltd. reported fourth-quarter 2021 gross profit of $45.4 million, up 59% compared to the same period in 2020.