exactEarth Announces Fiscal 2020 Financial Results
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Generated positive Adjusted EBITDA for both Q4 2020 and Fiscal 2020
Grew Order Bookings backlog 29%
Company to host conference call today at 8:30 a.m. EST
CAMBRIDGE, ON, Dec. 23, 2020 /CNW/ - exactEarth Ltd. ( the Company ), a leading provider of Satellite-AIS data services, announces its financial results for the three- and twelve-month periods ended October 31, 2020. All financial figures are in Canadian dollars unless otherwise stated.
Q4 and Fiscal 2020 Financial Highlights:
Revenue was $5.8 million, up 55% compared to $3.8 million in Q4 Fiscal 2019; Fiscal 2020 revenue was $19.1 million, up 26% compared to $15.2 million in Fiscal 2019
Subscription Services
1 revenue was $4.7 million, up 37% compared to $3.5 million in Q4 Fiscal 2019; Fiscal 2020 Subscription Services revenue was $16.9 million, up 28% compared to $13.2 million in Fiscal 2019