(Brampton) Ontario-based MDA Space reported second-quarter net income of $11.0 million, up from $9.9 million in the same quarter last year.
The space technology company said profit rose to $0.09 per share for the quarter ended June 30, compared with $0.08 per share a year earlier.
MDA Space’s second quarter revenue totaled $242.0 million, up from $196.0 million in the same quarter in 2023.
On an adjusted basis, MDA said it earned $0.19 per share for its latest quarter, compared with $0.18 per share a year earlier.
The company also raised its full-year revenue forecast to between $1.02 billion and $1.06 billion, up from its previous forecast of between $950 million and $1.05 billion.
MDA Space’s order book stood at $4.6 billion as of June 30, up from $1.1 billion a year earlier.