PARIS — Satellite geospatial imagery and service provider UrtheCast Corp. said its Deimos Imaging subsidiary, which it is trying to sell, reported a 15% increase in revenue in Q1 2019 but a still-substantial operating loss.
UrtheCast said Spain’s Banco de Sabadell has eased some repayment requirements for the loan, valued at 25 million euros ($28 million), taken out in 2015, but the Spanish company’s indebtedness will weigh heavily in negotiations for the sale of Deimos.
In a May 14 report to . . .
To view the entire article, become a subscriber!
