LONGMONT, Colo. — (BUSINESS WIRE) — August 3, 2010 — DigitalGlobe, Inc. (NYSE: DGI), a leading global provider of commercial high-resolution earth imagery products and services, today reported financial results for the second quarter ended June 30, 2010.

Second quarter 2010 revenue was $81.0 million, an increase of 16% compared with the same period last year. Second quarter 2010 net income was $0.5 million, or $0.01 per diluted share, compared with net income of $8.4 million, or $0.19 per diluted share, for the same period last year. Net income for the second quarter included the impact of accelerating the depreciation of certain software assets, which impacted pre-tax results by $1.9 million, or $0.04 per diluted share.

Second quarter 2010 Adjusted EBITDA, a non-GAAP financial measure, was $44.2 million, compared with second quarter 2009 Adjusted EBITDA of $42.4 million.

“We are very pleased with our record second quarter results. Our double-digit top-line growth was propelled by strong commercial results and continued execution in our direct access program. The addition of WorldView-2 to our constellation at the beginning of the year has been instrumental to our growth, providing materially faster, more reliable collection, refresh and monitoring for our customers. We are also pleased with the progress we are making in expanding our finished product and service offerings,” said Jill Smith, Chairman and Chief Executive Officer. “We continue to have great confidence that we will reach the 2010 milestones for our business across all of our key performance metrics.”

Second Quarter Business Highlights

• Defense and Intelligence segment revenue was $63.2 million, up 8% compared with the second quarter 2009, driven primarily by the company’s Direct Access Program (DAP), which generated $9.6 million in the quarter. The company brought its third and fourth DAP customers into operation in the quarter.
• Commercial segment revenue was $17.8 million, up 52% compared with the second quarter 2009, driven primarily by strength in consumer and international civil government, which make up nearly two-thirds of segment revenue.
• In the quarter, the company delivered substantially all of its tasking orders within 45 days, reinforcing the industry-leading collection, refresh and monitoring capabilities of its constellation.
• The company’s ImageLibrary now holds more than 89 percent of the earth’s landmass, with 79 percent of its imagery less than two years old.
• The company continues to expand its finished product and service offerings, including the launch of its Advanced Ortho Series and expanded global web services and cloud computing offerings.
• In the quarter, the company extended two core value added services contracts with the National Geospatial-Intelligence Agency (NGA), Rapid Delivery of Online Geo-Spatial Intelligence (RDOG) and Crisis Event Service.

Full-Year 2010 Outlook

The company reaffirmed its full-year 2010 outlook:

• Full year 2010 total revenue is expected to be between $330 million and $360 million.
• Full year 2010 diluted earnings per share are expected to be between $0.25 and $0.55.
• Full year 2010 Adjusted EBITDA is expected to be between $185 million and $210 million, with margins between 56% and 58%.
• Capital expenditures for 2010 are expected to be between $30 million and $35 million.

Conference Call Information

DigitalGlobe’s management will host a conference call today at 5 p.m. EDT to discuss second quarter 2010 results.

The conference call dial-in numbers are as follows:
U.S./Canada dial-in: 866-921-3936
International dial-in: 706-679-9623
Passcode: 8706-2541

A replay of the call will be available through September 4, 2010 at the following numbers:
US/Canada dial-in: 800-642-1687
International dial-in: 706-645-9291
Passcode: 8706-2541

DigitalGlobe will also sponsor a live and archived webcast of the conference call on its website, www.digitalglobe.com. Supplemental earnings materials are also available at this website.

About DigitalGlobe

Longmont, Colorado-based DigitalGlobe ( http://www.digitalglobe.com) is a leading global provider of commercial high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery solutions support a wide variety of uses within defense, intelligence, and homeland security applications, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, internet portals and navigation technology.