Maxar Technologies reports third quarter 2018 results, declares quarterly dividend

Imagery Segment Results



Reported


Reported



Three months ended


Nine months ended



September 30, 


September 30, 



2018


2017


2018


2017

($ millions)









Revenue

$

209.2

$

11.8

$

632.6

$

30.4


Adjusted EBITDA1

$

132.9

$

7.5

$

407.2

$

17.0


Adjusted EBITDA Margin1


63.5

%

63.6

%

64.4

%

55.9

%

1

This is a non-IFRS financial measure. Refer to section "Non-IFRS Financial Measures" in this earnings release.

Total revenues from the Imagery segment were $209.2 million in the third quarter of 2018 compared to $11.8 million in the same period of 2017. The increase is primarily due to the inclusion of the financial results of the acquired DigitalGlobe imagery business that contributed $198.8 million of revenue and $126.9 million of adjusted EBITDA in the third quarter of 2018. Imagery segment revenue for the three months ended September 30, 2018 included $30.1 million of revenue recognized from contract liabilities related to the EnhancedView contract.

Adjusted EBITDA margin percentage from the Imagery segment for the three months ended September 30, 2018 was 63.5% compared to 63.6% for the same period of 2017.

Recent Business Developments

In July 2018, the Company launched EarthWatch, a cloud-based subscription for viewing, streaming and downloading the Company's industry-leading geospatial data, enabling customers to solve their challenges with ease through a single powerful interface.

Notable bookings in the Imagery segment in the third quarter of 2018 included:

  • A renewal award was received for the Global Enhanced GEOINT Delivery (Global EGD) contract from the NGA for the seventh year. Global EGD provides U.S. Government users with on-demand access to mission-ready, high-resolution satellite imagery in multiple classification levels, typically within two to four hours after image collection.
  • A contract was signed with the U.S. National Reconnaissance Office (NRO) to transition the NGA EnhancedView SLA for commercial imagery acquisition. The NRO contract, referred to as EnhancedView Follow-On, includes the two remaining option years of the NGA contract and an exercise the first option year.
  • An additional contract was signed to further integrate imagery production, distribution and operations with U.S. Government systems through a cloud-based infrastructure.
  • A contract extension and expansion of a multi-year agreement with a major commercial technology customer.

Services Results



Reported


Reported



Three months ended


Nine months ended



September 30, 


September 30, 



2018


2017


2018


2017

($ millions)









Revenue

$

61.8

$

29.0

$

198.1

$

81.6


Adjusted EBITDA 1

$

9.3

$

5.1

$

23.3

$

13.8


Adjusted EBITDA Margin 1


15.0

%

17.6

%

11.8

%

16.9

%

1

This is a non-IFRS financial measure. Refer to section "Non-IFRS Financial Measures" in this earnings release.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »
Featured Video
Editorial
Jobs
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Engineer 2 for Lam Research at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Upcoming Events
FABTECH Orlando 2024 at Orange County Convention Center Orlando FL - Oct 15 - 17, 2024
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise