Satnews Daily
February 24th, 2010

DigitalGlobe — Financially Speaking...


DigitalGlobe (NYSE: DGI) reported financial results for the fourth quarter and year ended December 31, 2009. Fourth quarter 2009 revenue was $72.9 million, an increase of 1.0 percent compared to the same period last year. Fourth quarter net income was $13.8 million or $0.30 per diluted share as compared to net income of $13.8 million or $0.31 per diluted share for the fourth quarter 2008. Fourth quarter 2009 Adjusted EBITDA, a non-GAAP financial measure, was $42.7 million, compared to fourth quarter 2008 Adjusted EBITDA of $43.7 million.

For 2009, the company reported record revenue of $281.9 million, an increase of 2.4 percent compared to 2008. Net income for 2009 was $47.4 million or $1.06 per diluted share as compared to net income of $53.8 million or $1.22 per diluted share for 2008. Adjusted EBITDA for 2009 was $169.4 million compared to 2008 Adjusted EBITDA of $174.8 million. The definition of Adjusted EBITDA and reconciliation to net income are set forth in the complete report, accessible at this direct link.