r/MDASpaceInvestors

"This program for Globalstar marked a **major transformation in our design and high-volume satellite production process**, enabling us to **accelerate development and manufacturing**," said Mike Greenley, CEO of MDA Space. "With the execution of this constellation nearing completion, and with our **new high-volume manufacturing facility** now in operation, we are ramping up even further, giving us the **capacity to meet customer requirements as market demand increases**."

Avg 48 but im so happy im finally seeing green.

Lets go! Hope by the end of year things are looking good!

Todays been a great day

MDA Space today officially opened the MDA CHORUS^(™) Control Centre in St-Bruno-de-Montarville, Québec, on the south shore of Montréal. The new control centre will serve as the operational hub for MDA CHORUS^(™) satellite operations, marking a significant step towards operational readiness ahead of the late 2026 launch.

Trigger warning.

I can't believe the number of questions asking "others people, please tell me how to think about this". Download the Q1 report, download the Q2 report. Compare.

• Q1 Earnings
• Q2 Earnings

Look at the key results.

• Adjusted EBITDA: Q1 $91M vs Q2 $96M
• Adjusted Net Income: Q1 $51M vs Q2 $52M
• Free Cash Flow: Q1 -$28M vs Q2 -$150M
• Backlog: Q1 $3.7B vs Q2 $4B

Ehhhhh so its roughly in line. Some things up a little, some things down. I don't like the cash flow. Management simply reaffirmed projections. Q1 they increased projections. Nothing exciting. Stock went up under 1%.

Make sense now????

MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS
Backlog of $4.0 billion at quarter-end increased $310 million compared to Q1 2026
Revenues of $499 million, up 34% YoY
Adjusted EBITDA1 of $96 million, up 26% YoY; Adjusted EBITDA margin1 of 19.3%
Adjusted net income1 of $52 million, up 13% YoY
Operating cash flow of $(93) million; Free cash flow1 of $(150) million
Net cash1 position of $153 million at quarter-end; Total liquidity of $1.1 billion
Increased midpoint of 2026 Revenue and Adjusted EBITDA guidance

FCF is a little sad, but I think capex is exactly what this company needs to stay ahead.

I thought todays earnings were good. Mild and predictable, and I am excited to see the potential 50% revenue increase for next year when the new acquisitions close. Even if its on the low end of estimates, and does not account for other potential contracts, it should bring us up to the 3b range perhaps.

Where do you think our stock price will be mid 2027? Will MDA move into launch capabilities eventually or acquire a company that does?

I think its exciting to see the moves being made and the company has such a low market cap at 8 billion. I think its just the predictable margins that keep it low, and im hoping with the acquisition of CLS that they can increase those margins significantly. Some juicy U.S. defense contracts would be nice as well.