DigitalGlobe Q1 2014 revenue up 23%

2 May 2014

DigitalGlobe, Inc. (NYSE: DGI) said it has reported financial results for the quarter ended March 31, 2014.

First quarter 2014 revenue was USD156.5m, a 23 percent increase compared with the same period last year. Net income for the first quarter was USD0.4m, with net loss available to common shareholders of USD(0.6)m, or a loss of USD(0.01) per diluted share. In the first quarter 2013, the company reported a net loss of USD(60.6)m, with a net loss available to common shareholders of USD(61.2), or a loss of USD(0.96) per diluted shares.

First quarter Adjusted EBITDA was USD67.9m with an Adjusted EBITDA margin of 43 percent. This compares with Adjusted EBITDA of USD35.9m in first quarter 2013, with an associated margin of 28 percent. Adjusted EBITDA excludes the impact of restructuring, integration and other costs.

First quarter 2013 results exclude GeoEye financial results for the month of January as a result of timing of the close of the acquisition.

DigitalGlobe is a provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time.

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