2021 MDA Annual Report
Strategic wins across all business areas
MDA At A Glance
| 2021 | 2020 | ± | |
|---|---|---|---|
| Order Bookings | $768m | $512m | +50% |
| Backlog | $864m | $563m | +54% |
| Revenues | $477m | $412m | +16% |
| Gross Profit | $168m (gross margin 35%) | $117M (gross margin 29%) | +43% |
| Adjusted EBITDA1,2 | $112m (adjusted EBITDA margin 24%) | $85m (adjusted EBITDA margin 21%) | +32% |
| Operating Cash Flow | $72m | $70m | +2% |
| Staff | 2,400 | 2,000 | +20% |
1 Non-IFRS measure; refer to latest Management Discussion & Analysis for reconciliation of non-IFRS to IFRS measures
2 Adjusted EBITDA excluding Canada Emergency Wage Subsidy (CEW) program income
IMAGE: Conger Ice Shelf, East Antarctica: 2022-04-22 13:06:17, SCWA, HH-HV, 64°42'57" S 103°56'15" E
On Earth Day 2022, MDA’s RADARSAT-2 satellite captured imagery of the Conger ice shelf. This 1,200 square kilometre sheet of glacial ice in east Antarctica collapsed earlier this year, as shown in this stunning image.