The PanGeo Alliance of operators of Earth observation satellites has been a source of revenue for UrtheCast and ultimately may feature one or more M&A transactions as small operators consolidate. Credit: PanGeo Alliance
PARIS — Satellite geospatial imagery and services provider UrtheCast on March 28 said revenue doubled in 2016 and the company turned EBITDA-positive on the strength of its ownership of two Spanish satellites and an alliance with other small Earth imagery providers.
Canada-based UrtheCast is nonetheless walking a tightrope as it transitions from a failed effort to develop a business using International . . .
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