MDA Ltd (TSE:MDA) has released an update.
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MDA Space Ltd. has reported a substantial increase in its financial results for Q2 2024, with a record backlog of $4.6 billion marking a 318% rise from the previous year and a solid revenue growth of 23%. The company’s profitability remains strong, with a 21% increase in adjusted EBITDA, and they have raised their revenue guidance while expecting to achieve positive free cash flow one year ahead of schedule.
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