IDC posts record revenue

OTTAWA – International Datacasting Corporation (IDC), a provider of solutions IDC-logo-148X40.JPGand content for broadband distribution via satellite, raises year-over-year revenue by 18%, up from $24.7 million to a record-high $29.1 million in fiscal 2009. EBITDA increases to $2.6 million from $1.7 million last year, while net earnings are up $3 million from $2.6 million. Revenue for the fourth quarter is $6.4 million, compared to $7.5 million recorded in the previous Q4. EBITDA more than doubles from $0.3 million to $0.7 million, though net earnings dip to $1.6 million from $2.0 million. Click here for more information.

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