LA PLATA, Maryland — Telecommunications and geospatial imagery satellite fleet operator Space42 reported a 13% decline in revenue and a 40% decline in adjusted EBITDA for the three months ending March 31, but assured investors of a turaround later this year.
Abu Dhabi-based Space42 reported continued delays in a large, multi-year contract for its Bayanat Smart Solutions geospatial analytics business but said the contract would be in force later this year.
In a May 15 financial filing on its Q1 results, Space42 described the . . .
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