GeoEye, Inc. has reported the Company's revenues of $40.7 million for the fourth quarter of 2008 and $146.7 million for the year ended December 31, 2008.

Revenues for the quarter were down $2.9 million, or seven percent, compared to $43.6 million for the fourth quarter 2007 and down $36.3 million, or 20 percent, compared to $183.0 million for the full year 2007. The decreases for the quarter and year are primarily due to a shortfall in imagery orders from the National Geospatial-Intelligence Agency and other customers due to the delay of the launch and checkout of the Company's GeoEye-1 satellite. The fourth quarter decrease was partially offset by increased revenue from the sale of ground station upgrades of $7.2 million. The Company's GeoEye-1 satellite completed its checkout and was certified by the National Geospatial-Intelligence Agency on February 20, 2009. To read the entire financial report, select this direct link.