Maxar Technologies Reports First Quarter 2022 Results

Revenues by segment were as follows:

 

Three Months Ended

 

March 31,

 

2022

 

2021

($ millions)

 

 

 

 

 

Revenues:

 

 

 

 

 

Earth Intelligence

$

251

 

 

$

250

 

Space Infrastructure

 

177

 

 

 

155

 

Intersegment eliminations

 

(23

)

 

 

(13

)

Total revenues

$

405

 

 

$

392

 

We analyze financial performance by segment, which combine related activities within the Company.

 

Three Months Ended

 

March 31,

($ millions)

2022

 

2021

Adjusted EBITDA:

 

 

 

 

 

Earth Intelligence

$

99

 

 

$

107

 

Space Infrastructure

 

19

 

 

 

(12

)

Intersegment eliminations

 

(9

)

 

 

(5

)

Corporate and other expenses

 

(25

)

 

 

(23

)

Total Adjusted EBITDA 1

$

84

 

 

$

67

 

 

1 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.

 

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