DigitalGlobe, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $127.6 million compared to $87.0 million a year ago. Loss from operations was $60.7 million compared to income from operations of $10.1 million a year ago. Loss before income taxes was $79.6 million compared to income before income taxes of $6.9 million a year ago. Net loss available to common stockholders was $61.2 million or $0.96 per basic and diluted share compared to net income available to common stockholders of $3.8 million or $0.08 per basic and diluted share a year ago. LBITDA was $30.9 million compared to EBITDA of $39.2 million a year ago. Adjusted EBITDA was $35.6 million compared to $39.2 million a year ago. Net cash flows used in operating activities was $27.4 million compared to net cash provided by operating activities of $68.5 million a year ago. Other property and equipment additions were $7.2 million compared to $2.0 million a year ago. For 2013, the company expects revenue in a range of $635 million to $660 million, with greater likelihood at the bottom half of the range. This 2013 revenue outlook compares with 2012 pro forma revenue of $581 million for the combined company, which includes a revenue contribution from GeoEye in 2012 from February 1 through December 31. Not included in this pro forma calculation is revenue that GeoEye reported in 2012 related to its EnhancedView SLA with NGA, including the non-cash amortization for payments received in connection with its NextView contract with the NGA. The company continues to expect to generate a full-year EBITDA margin of approximately 36%, not including the impact of combination-related expenses to integrate with GeoEye. The company continues to expect 2013 capital expenditures of approximately $230 million, including spending to complete, but not launch, the GeoEye-2 satellite in 2013, continued work on the WorldView-3 satellite, and maintenance. For 2013, the company expects an approximate 33% effective tax rate before certain discrete tax items. The company expects free cash flow to improve later in the year.

DigitalGlobe, Inc. announced that they will report Q1, 2013 results After-Market on May 07, 2013

DigitalGlobe, Inc., Q1 2013 Earnings Call, May 07, 2013