November 24, 2014 7:49 PM ET

Aerospace and Defense

Company Overview of DigitalGlobe, Inc.

Company Overview

DigitalGlobe, Inc. provides imagery and imagery information products and services in the United States and internationally. It offers satellite imagery contents, and elevation series of digital surface and terrain models, as well as analysis products and services to provide context and insight to imagery; Global Basemap, which allows customers to access imagery at various processing levels over its hosted network; and precision aerial imagery products consisting of digital aerial orthomosaic imagery. The company allows its customers in Direct Access Program, to directly task and receive imagery from its satellites. It also provides a range of on-and off-line distribution options, which enabl...

1601 Dry Creek Drive

Suite 260

Longmont, CO 80503

United States

Founded in 1993

1,235 Employees

Phone:

303-684-4000

Key Executives for DigitalGlobe, Inc.

Chief Executive Officer
Age: 51
Total Annual Compensation: $616.3K
Executive Vice President of Operations & Customer Experience
Age: 60
Total Annual Compensation: $322.5K
Founder
Age: 56
Total Annual Compensation: $322.5K
Senior Vice President
Age: 44
Total Annual Compensation: $225.9K
Senior Vice President of Sales & Marketing
Age: 40
Total Annual Compensation: $313.8K
Compensation as of Fiscal Year 2013.

DigitalGlobe, Inc. Key Developments

DigitalGlobe, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014

DigitalGlobe, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014 . Venue: Barclays headquarters, 745 Seventh Avenue, New York, NY 10019, United States.

DigitalGlobe, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended and Nine Months September 30, 2014; Provides Financial Guidance for the Fourth Quarter and Full Year of 2014

DigitalGlobe, Inc. reported unaudited consolidated earnings results for the third quarter ended and nine months September 30, 2014. Net income for the third quarter was $0.9 million, with a net loss available to common shareholders of $0.1 million or $0.00 per diluted share. In the third quarter 2013, the company reported a net loss of $1.8 million, with a net loss available to common shareholders of $2.8 million or a loss of $0.04 per diluted share. EBITDA was $58.0 million with an EBITDA margin of 37.5%, an increase of 440 basis points compared with EBITDA of $54.5 million in third quarter 2013, and an associated margin of 33.1%. Adjusted EBITDA was $61.5 million compared with adjusted EBITDA of $65.6 million in third quarter 2013, also with an associated margin of 39.8%. Adjusted EBITDA excludes the impact of restructuring, integration and other costs. Revenues were $154.6 million against $164.8 million a year ago. Income from operations was $0.2 million against loss of $5.0 million a year ago. Income before income taxes was $0.3 million against loss of $5.6 million a year ago. Revenue was down 6% year-over-year, due almost entirely to a difficult comparison against one-time revenue related to Global-EGD and last year's third quarter. Free cash flow in the quarter was negative $40.4 million. The primary use of cash in the quarter related to significant CapEx spending of $89 million, principally to launch and insure WorldView-3. This CapEx spending included $21 million of capitalized interest payments. For the nine-month period, the company reported revenues of $468.9 million against $443.0 million a year ago. Income from operations was $5.0 million against loss of $99.5 million a year ago. Income before income taxes was $5.2 million against loss of $120.3 million a year ago. Net income available to common stockholders was $3.2 million or $0.04 diluted per share against loss of $86.0 million or $1.21 diluted per share a year ago. EBITDA was $178.1 million against $48.9 million a year ago. Adjusted EBITDA was $193.3 million against $147.4 million a year ago. Net cash flows provided by operating activities were $148.6 million against $75.9 million a year ago. Construction in progress additions was $193.9 million against $198.9 million a year ago. For 2014, the company now expects to report revenue in a range of $640 million to $660 million. The company continues to expect to achieve a full-year adjusted EBITDA margin of approximately 43% with a fourth quarter 2014 adjusted EBITDA margin of approximately 50% at the mid-point of the company's annual revenue guidance. The company also expects 2014 capital expenditures of approximately $185 million, due to a reduction in projected year-end payables related to satellite construction projects. While the company expects in-year capital spend to be consistent with its previously communicated amount of $170 million, it expects the cash payments for CapEx will be approximately $15 million higher as it is paying down its accrued capital balances faster than originally expected. Annual free cash flow number will be lower than previously anticipated. This is principally due to the timing of U.S. government payments. The company expects to achieve free cash flow as a percentage of revenue, or free cash flow margin, in the fourth quarter of 2014 of at least 20% at the midpoint of its revenue guidance. As a result of WorldView-3 starting operations on October 1, the company expects depreciation will increase to approximately $75 million in the fourth quarter of 2014.

DigitalGlobe, Inc. to Report Q3, 2014 Results on Oct 30, 2014

DigitalGlobe, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Daylight on Oct 30, 2014

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