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NEWS RELEASE AMDA • • • • • MDA REPORTS SECOND QUARTER 2021 RESULTS Q2 revenue increased 15.5 % year - over - year to $ 126.7 million ; 3rd consecutive quarter of revenue growth Strong Q2 Adjusted EBITDA margin performance of 31.1 % Q2 backlog steady at $ 640.1 million with growth over December 31 , 2020 of 13.7 % Leveraged proceeds from $ 460 million IPO to repay $ 419 million term loan ; ended the quarter with a strong financial position including minimal net debt of $ 31 million and $ 432 million of available liquidity In line with growth objectives the Company has hired more than 435 new employees since the beginning of the year August 11 , 2021 ( Brampton , Ontario ) MDA Ltd. ( TSX : MDA ) , a leading provider of advanced technology and services to the rapidly expanding global space industry , today announced its financial results for the three - month period ended June 30 , 2021. All figures are in Canadian dollars unless otherwise stated . " Driven by steady progress and momentum across the business , in the second quarter the Company delivered solid financial performance highlighted by double - digit revenue growth , gross margin improvements and robust Adjusted EBITDA margin performance of 31.1 % , " said Mike Greenley , Chief Executive Officer , MDA . " With affordable and available financing in place to fund our strategic growth , a strong balance sheet and a healthy pipeline of existing and new opportunities , MDA is ideally positioned to capitalize on market growth . " Q2 and Year - to - Date 2021 Financial Highlights : Revenue • Q2 total revenue was $ 126.7 million , up 15.5 % year - over - year ( YoY ) . On a year - to- date ( YTD ) basis total revenue was $ 250.1 million , up 17.5 % compared to $ 212.9 million a year ago . Q2 Geolntelligence revenue was $ 48.2 million , up 2.3 % YoY . On a YTD basis , Geointelligence revenue was $ 97.2 million , up 6.5 % from a year ago , driven by increased sales of satellite imagery and analytics services . Q2 Robotics and Space Operations revenue was $ 35.6 million up 10.6 % year - over- year . On a YTD basis , Robotics and Space Operations revenue was $ 69.9 million , up 19.9 % compared from a year ago , largely driven by the Canadarm3 program . Q2 Satellite Systems revenue was $ 42.9 million up 41.1 % YoY . On a YTD basis , revenue was $ 83 million , up 31.1 % from a year ago , driven by increased volume . Backlog at June 30 , 2021 increased 13.7 % or $ 77.6 million over December 31 , 2020 to $ 640.1 million .