Maritime vessel-tracking service provider exactEarth: We’ll grow revenue at 15-20% CAGR for several years

by Peter B. de Selding

PARIS — Satellite maritime vessel-tracking provider exactEarth Ltd. told investors it is crossing into positive-EBITDA territory now and can expect to generate 15-20% annual revenue increases for the next several years.

After several years of rough going, Canada-based exactEarth said the launch of the ESAIL satellite Sept. 3 — built with the help of the 22-nation European Space Agency (ESA) and the Luxembourg and Canadian space agencies — will reduce its annual capex to around 500,000 Canadian dollars ($381,000).

ExactEarth’s . . .

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