Maritime Launch posts $3.5M Q3 profit after $5.7M loss a year earlier
HALIFAX -- November 13, 2026 -- Maritime Launch Services Inc. (TSX: MAXQ) reported net income of $3,518,473 for the third quarter of 2026, against a net loss of $5,745,870 in the same quarter of 2025, a swing of about $9.3 million by our calculation. Revenue was $5,566,148, compared with nil a year earlier, as the developer of Spaceport Nova Scotia began recognizing lease and launch services revenue under new long-term agreements.
Third quarter supplies 46% of nine-month revenue
Nine-month revenue reached $12,100,567, also against nil in 2025. The third quarter therefore accounts for about 46% of the total. By our calculation, the first half contributed roughly $6.53 million in revenue and $2.14 million in net income.