Mda Ltd. (TSE:MDA) has released an update.
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MDA Ltd. has reported a robust financial performance for Q4 and the entire fiscal year of 2023, with a 26% increase in annual revenues and a 24% rise in adjusted EBITDA. The company has experienced significant growth, with record order bookings of $2.5 billion and a backlog that has surged by 125% to $3.1 billion, indicative of strong demand for its satellite systems and space operations. Looking ahead, MDA Ltd. is optimistic about its financial prospects for 2024, expecting to maintain this momentum.
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