Al Root
Shares of satellite technology company York Space Systems rose after the company's fourth-quarter earnings report. It's a sign the commercial space business is heating up.
Thursday afternoon, the satellite technology company reported an adjusted Ebitda loss of $1.4 million from sales of $105 million in the fourth quarter. That was better than what Wall Street expected. Analysts penciled in a loss of about $3.5 million from sales of $103 million, according to FactSet. (Ebitda is short for earnings before interest, taxes, depreciation, and amortization.)
York shares were up 2% at $18.03 in after-hours trading. Shares dropped 2.9% in regular trading, while the S&P 500 and Dow Jones Industrial Average fell 0.3% and 0.4%, respectively.
For 2026, York expects positive Ebitda in 2026. Sales are expected to be between $545 million and $595 million. Wall Street expects Ebitda of $54 million and sales of $568 million, up from roughly $386 million in 2025.
Sales still probably matter more than earnings. York is a relatively new vertically integrated maker of low-cost satellites primarily for the U.S. government. The company completed its initial public offering in January, selling shares at $34.
Shares have been weak since the IPO, falling roughly 50%.
Wall Street likes the stock. Eight of 10 analysts covering shares rate them as a Buy. The average Buy-rating ratio for stocks in the S&P 500 is typically between 55% and 60%. The average analyst price target on York is $38 a share, up more than 100% from recent levels.
Write to Al Root at allen.root@dowjones.com
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(END) Dow Jones Newswires
March 19, 2026 17:14 ET (21:14 GMT)
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