UrtheCast cuts 2017 financial forecast while awaiting satellite hardware, data deals

by Peter B. de Selding

WASHINGTON — Satellite geospatial imagery and services provider Urthecast reported a sharp drop in revenue and profit for the nine months ending Sept. 30 and reduced its full-year guidance because of continued delays in landing several major contracts.

Urthecast asked investors to look past the 2017 performance to the promise of 2018, when the company expects one or more of these large-volume deals to be concluded.

While waiting for that to occur, Urthecast has formed a committee of independent directors to explore partnerships to exploit the company’s . . .

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