Maxar Technologies Reports Second Quarter 2019 Results

Imagery segment revenues decreased to $201 million from $212 million, or by $11 million, for the three months ended June 30, 2019, compared to the same period of 2018. The decrease was primarily driven by a $14 million decrease due to the loss of WorldView-4 revenue and a $4 million decrease due to a delay in the signing of a contract with an existing international customer. These decreases were partially offset by $8 million in revenue growth from the U.S. government.

Adjusted EBITDA decreased to $123 million from $133 million, or by $10 million, for the three months ended June 30, 2019, compared to the same period of 2018. The decrease was primarily driven by the impact of the loss of revenue generated from the WorldView-4 satellite and the impact due to the delayed contract signing of an existing international customer, both of which had higher margins.

Services

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

($ millions)

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

74

 

$

66

 

$

142

 

$

136

 

Adjusted EBITDA

$

6

 

$

6

 

$

13

 

$

10

 

Adjusted EBITDA Margin

 

8.1

%

 

9.1

%

 

9.2

%

 

7.4

%


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