Digital Globe earns $72.9 m in last quarter
DGI, a leading global provider of commercial high-resolution earth imagery products and services, today reported financial results for the fourth quarter and year ended December 31, 2009
Fourth quarter 2009 revenue was $72.9 million, an increase of 1.0% compared to the same period last year. Fourth quarter net income was $13.8 million or $0.30 per diluted share as compared to net income of $13.8 million or $0.31 per diluted share for the fourth quarter 2008. Fourth quarter 2009 Adjusted EBITDA, a non-GAAP financial measure, was $42.7 million, compared to fourth quarter 2008 Adjusted EBITDA of $43.7 million.
"I am very pleased with DigitalGlobe's performance in the fourth quarter. Not only did we deliver record revenue, but we also executed on a number of key milestones, concluding an extraordinary year." said Jill Smith, Chairman, and Chief Executive Officer.
"We delivered growth in all our target business segments, and continued to add significant new capabilities, including WorldView-2, with its unique 8-band imagery and tremendous collection capacity, and expansion of our web services and cloud computing offering. We are confident that the superior collection capability of our constellation and ability to deliver geointelligence to customers with the speed and accuracy that they demand is strengthening DigitalGlobe's position as the industry leader."
