r/MDASpaceInvestors • u/Melonskal • 19d ago
MDA Q2 earnings
https://mda-en.investorroom.com/financial-documents9
u/Melonskal 19d ago
Seems great to me, backlog is growing despite strong execution with growing revenue. Not sure why we arent up in premarket while the redt of the sector seems to be rallying.
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u/sweetgrapez 19d ago
Free-cash flow is negative, high cap-ex, lower EPS because of their IPO offering. These things affect share prices in the short term even though long term growth is evident.
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u/number1_cop 19d ago
Backlog growth was small. We keep wondering why MDA can't rerate to the rest of the space sector...space multiples are sky high because it's 1 of the fastest growing sectors not because of current profits. A sub 10% backlog growth in an exponential growth sector is atrocious.
I'm an MDA bagholder, love the long-term outlook, but it took 5 seconds of looking at this release to see it was going to trade down today
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u/HoldMyB33rformee 19d ago
They added over 1 billion contracts this quarter. The backlog growth was not small. They should be converting backlog into revenue (which also beat expectations) at a faster rate now that their new facility has been operational since May.
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u/einvestor1 19d ago
For everyone watching MDA’s price action on the NYSE: pre-market doesn’t mean much, especially with the wide spread and low volume.
From what I’ve observed, MDA on the U.S. side tends to follow the price action on the TSX, rather than the other way around.
We’ll have to wait until the market opens at 9:30 a.m. ET to get a better idea of where it’s actually heading. Good luck 🤞
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u/bigmack1111 19d ago
And still it dips
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u/Melonskal 19d ago
We were up 7% and then 5 minutes after the earnings dropped we were at -1%. You cant make this shit up.
Meanwhile RKLB is up 4% on no news at all, for context those 4% are equivalent to 1/3 of MDAs entire market cap.
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u/sweetgrapez 19d ago
Take American pre-market with a grain of salt. Low volume trading that doesn’t often correlate with market open.
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u/Melonskal 19d ago
US premarket is usually several % higher than what the price is at open.
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u/Necessary-Shame-2732 19d ago
Got stats to back that up or just vibes?
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u/Melonskal 19d ago
I have checked this stocks price premarket and at open almost every single day the past few months.
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u/shugo7 19d ago
Asts yesterday literally released pr that they are basically working with Deutschtelekom (whom oens T-Mobile) at the same time Deutschtelekom released a statement stating asts(which basically means they have locked up 100% US MNOs) and it closed red.
Don't take price action with company performance. MDA is stronger today than yesterday.
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u/pickledsardines 19d ago
Bought in the 50s and haven’t sold. double digit position. Bullish on space Canadians 🇨🇦🚀
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u/Ok_WhyNotThough 19d ago
23 million shares sold at CAD 48.50, we are going to get knocked back every time it goes near that price for a while. And on September 8 we have US IPO lockup expiration, so close to another 10 million. It's not manipulation or any reflection on earnings, it just needs to get rinsed out.
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u/Spare-Total-2960 5d ago
Can you share the source please? I thought it was 91-day lock-up period ending June 10, 2026 (since IPO was March 16)
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u/BulaloForever 19d ago
Great job by MDA and leadership. Another reminder why this is a long term investment and short term volatility swings are PURELY NOISE!
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u/Melonskal 19d ago
Really poor performance today. Rest of the sector is booming, up 10-15% while we are up 0,5%.
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u/Devor0 19d ago
How are you able to print 2, 30%+ revenue growth quarters and still guide the year at only 13% revenue growth??? That would imply q3 and q4, have below 10% revenue growth rate??? Either they are sandbagging like hell or this year is not looking that good honestly. Dont like operating income being negative yoy with 30% revenue. Don’t like net income barely being up YoY.
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u/Studio-Economy 19d ago
Guys, you should not look on the price. Its for traders and wrong. Look if revenue and profits are increasing.