PARIS — The Canadian government has thrown a lifeline to satellite maritime traffic tracking service provider exactEarth in the form of a long-term loan whose repayment terms will depend on exactEarth’s business performance.
The loan, for 7.2 million Canadian dollars ($5.74 million), comes as exactEarth confronts expenses that are climbing faster than the company’s revenue.
For the nine months ending July 31, revenue totaled 9.2 million Canadian dollars, down 7% from the same period a year ago. The company reported an operating loss of . . .
To view the entire article, become a subscriber!
