LA PLATA, Maryland — Satellite operator and mobile services terminal provider Ovzon of Sweden reported a 14% increase in revenue for the nine months ending Sept. 30 and a quadrupling of its backlog as its first owned satellite, Ovzon 3, entered service in July.
The company reported positive EBITDA in Q3 and a reduced EBITDA loss, of 17 million Swedish krona ($1.53 million) for the nine-month period compared to a negative EBITDA of 61 million krona the year before.
Backlog at Sept. 30 stood at 222 . . .
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