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May 8th, 2013
DigitalGlobe... Financially Speaking... (Business)
DigitalGlobe, Inc. (NYSE: DGI) has reported financial results for the quarter ended March 31, 2013.
First quarter 2013 revenue was $127.6 million, a 47 percent increase compared with the same period last year. The company reported a net loss for the first quarter of 2013 of $60.6 million, or $(0.96) per diluted share, compared with net income of $3.8 million or $0.08 per diluted share in the first quarter of 2012. First quarter 2013 EBITDA was $(30.9) million. Included in this quarter's EBITDA is $66.8 million of one-time expenses related to the combination with GeoEye. The resulting EBITDA, not including combination-related expenses, was $35.9 million, with an associated margin of 28.1 percent.
"We are pleased to have successfully closed our combination with GeoEye in the quarter, and are on track in executing our integration plan," said Jeffrey R. Tarr, Chief Executive Officer. "We are more confident than ever in our ability to achieve 50 percent EBITDA margins after six quarters and deliver more than $1.8 billion in synergies. Taken together with our larger and more diverse revenue base, and the broader capabilities we are now able to offer our customers, we are well on our way toward our aspiration of building the global leader in geospatial information and insight."
DigitalGlobe... Financially Speaking... (Business)
DigitalGlobe, Inc. (NYSE: DGI) has reported financial results for the quarter ended March 31, 2013.
First quarter 2013 revenue was $127.6 million, a 47 percent increase compared with the same period last year. The company reported a net loss for the first quarter of 2013 of $60.6 million, or $(0.96) per diluted share, compared with net income of $3.8 million or $0.08 per diluted share in the first quarter of 2012. First quarter 2013 EBITDA was $(30.9) million. Included in this quarter's EBITDA is $66.8 million of one-time expenses related to the combination with GeoEye. The resulting EBITDA, not including combination-related expenses, was $35.9 million, with an associated margin of 28.1 percent.
"We are pleased to have successfully closed our combination with GeoEye in the quarter, and are on track in executing our integration plan," said Jeffrey R. Tarr, Chief Executive Officer. "We are more confident than ever in our ability to achieve 50 percent EBITDA margins after six quarters and deliver more than $1.8 billion in synergies. Taken together with our larger and more diverse revenue base, and the broader capabilities we are now able to offer our customers, we are well on our way toward our aspiration of building the global leader in geospatial information and insight."