MDA Space $MDALF is profitable and will possibly be trading in the US Stock market soon
This great Canadian Space sector company ( [https://mda.space](https://mda.space) ) has a beautiful chart showing their growth and is profitable. They have market cap of 3.2 Billion. What do they do?
MDA Space is a technology and services company that provides advanced solutions to the global space industry:
* **Geointelligence**: Uses satellite data and imagery for climate change monitoring, national security, and global commerce
* **Robotics & Space Operations**: Provides autonomous robotics and vision sensors for space exploration
* **Satellite Systems**: Provides spacecraft and systems for space-based services, including broadband internet connectivity
MDA Space has a history of firsts and over 450 missions. They have been providing operational readiness support for the International Space Station's (ISS) Mobile Servicing System since 2001. They are also known for delivering large-scale robotic systems, such as Canadarm2.
And this excerpt from a post by user manolo44 sure is bullish:
"Their earnings report was stellar: growth of 38% yoy, it is actually **PROFITABLE** \- none of the other space companies are profitable - profitability with adjusted EBITDA of $55.5 million, up 30% YoY, and adjusted EBITDA margin of 19.7%, net income up 60% yoy, and net debt adjusted EBITDA ratio of just 0.8x (so zero risk of dilution). However, post earnings the stock was mostly flat. Why? Their reported backlog was unchanged from previous quarter report (backlog is 4.6B btw).
But if any of you folks had bothered to tune in to the call, you would have heard the CEO say that it is a fact that by year end they will be **definitely be signing a new contract worth 750M** – of these, only 300M is recorded in backlog – a**n additional $450M is going to be added** upon finalization and t**his will happen by year’s end.** They in fact stated during the Q&A that they are confident they will be finishing 2024 with $5B backlog. They also said MDA’s satellite systems division alone has a $**15B+ pipeline** of potential projects, thanks to its Aurora-class satellites tailored for low Earth orbit constellations.
MDA is building a new 185,000 sq. ft. facility in Quebec, **capable of producing two satellites per day** starting in late 2025."
And then I heard this:
MDA Space, which is a sleeping giant merely because it trades in the Toronto Stock Exchange rather than US, is exploring listing in the US, according to comments by its CEO;
“Management suggested that it continues to explore a potential dual stock listing in the U.S."
[https://www.cantechletter.com/2024/11/mda-will-prosper-under-trump-2-0-rbc-says/#](https://www.cantechletter.com/2024/11/mda-will-prosper-under-trump-2-0-rbc-says/#)
Now I am not sure how a dual listing will effect my 500 MDALF shares but if I had to guess I would say it will be a good thing.
There have been posts on Reddit about how bad of a company they are to their employees, but just like Yelp you usually only hear about the bad apples, not the good ones, so I take that with a grain of salt. This article that came out today today says they are "one of Toronto's greatest employers"
[https://ca.finance.yahoo.com/news/mda-space-named-one-greater-190000623.html](https://ca.finance.yahoo.com/news/mda-space-named-one-greater-190000623.html)
Recently RBC upgraded their share price to $30, and Morgan Stanley to $29. Today it closed at $20.52
Here is there LinkedIn if you want to poke around;
[https://www.linkedin.com/company/mdaspace/](https://www.linkedin.com/company/mdaspace/)
My position is 500 shares at $20.05 and adding bi-monthly from my paycheck.
https://preview.redd.it/mzrxn3dzxw4e1.png?width=1338&format=png&auto=webp&s=f02b2790109ef28ed43d89717a680b91c88b3311