)

MDA Space (MDA) investor relations material
MDA Space Status Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
EchoStar contract termination and compensation
Received termination-for-convenience notice from EchoStar for a CAD 1.8 billion satellite constellation contract due to EchoStar's strategic shift after selling spectrum to SpaceX following FCC discussions.
Termination is unrelated to performance; all costs and fees, including some margin, will be compensated as per contract terms, with resolution expected within the fiscal year.
Upfront payments already received will be included in the compensation calculation.
Termination-for-convenience clauses are standard in contracts, and extra protections were included due to EchoStar's financial background.
Financial outlook and business fundamentals
Backlog remains strong at CAD 4.6 billion (excluding EchoStar), providing multi-year revenue visibility.
2025 financial outlook and guidance are reiterated, with no changes to OpEx or CapEx plans.
Only a small amount of 2025 revenue was expected from EchoStar; guidance range remains unchanged.
Majority of next year’s revenue is driven by already contracted backlog, with 20%-30% CAGR over five years still targeted.
Pipeline, technology, and market positioning
Opportunity pipeline stands at CAD 20 billion, with CAD 13 billion related to satellite constellations, split between broadband and direct-to-device networks.
A mature 5G-compliant AURORA digital satellite product is now market-ready, accelerated by EchoStar work.
Active pursuit of new constellation contracts, expecting at least one award in the next 12 months.
Expanded manufacturing capacity will support high-volume production and flexibility for new contracts.
Next MDA Space earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage