UrtheCast says its Deimos Imaging subsidiary, up for sale, had high operating loss in Q1

by Peter B. de Selding

PARIS — Satellite geospatial imagery and service provider UrtheCast Corp. said its Deimos Imaging subsidiary, which it is trying to sell, reported a 15% increase in revenue in Q1 2019 but a still-substantial operating loss.

UrtheCast said Spain’s Banco de Sabadell has eased some repayment requirements for the loan, valued at 25 million euros ($28 million), taken out in 2015, but the Spanish company’s indebtedness will weigh heavily in negotiations for the sale of Deimos.

In a May 14 report to . . .

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