Maxar Reports $7 Million Net First Quarter Loss

WESTMINSTER, Colo. (Maxar Technologies PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced financial results for the quarter ended March 31, 2022. All dollar amounts in this press release are expressed in U.S. dollars, unless otherwise noted.

Key points from the quarter include:

  • Consolidated revenues of $405 million
  • Net loss of $7 million
  • Diluted net loss per share of $0.10
  • Adjusted EBITDAof $84 million
  • Operating cash flows of $48 million
  1. This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.

NGA Awards G-EGD Contract Renewal to Maxar for Mission-ready Satellite Imagery

WESTMINSTER, Colo., October 4, 2021 (Maxar Technologies PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has been awarded an Option Year 2 contract renewal by the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program. The contract, which began September 1, 2021, is valued at $44 million. This is the second of three option years for the contract, which has a total value of up to $176M.

With this award, Maxar will continue to provide more than 400,000 U.S. government users with unclassified, online and offline, on-demand access to high-resolution commercial imagery from Maxar in addition to geospatial data from other industry providers. Since 2011, the G-EGD program has enabled warfighters, first responders, intelligence analysts and civil government users to tap into Maxar’s 125-petabyte historical imagery library and daily imagery collections for time-sensitive, mission-critical planning and operations.