GeoEye Revenue Surges 123 Percent; Profits Drop Due to Loss of Tax Break
[Satellite TODAY 11-11-09] GeoEye produced a 123 percent revenue increase in its 2009 third quarter to $79.9 million, according to its latest financial results, posted Nov. 9.
Third quarter revenues, up from $35.8 million in 2008, were boosted by $53.6 million in contracts with the U.S. government, GeoEye’s largest customer, representing 67 percent of the company’s total revenues for the period. International sales accounted for $22 million (27.5 percent) in revenue.
Despite the surge, GeoEye’s third-quarter net profit declined to $12.5 million, down from $31.6 million in the same period last year due to higher operating expenses and a $27.8 million tax benefit it received in 2008. However, operating profit for the third quarter increased from $19.3 million to $27.7 million.
GeoEye Revamps Financial Team After Extensive Financing Search Satellite Today October 19, 2009
[Satellite TODAY 10-19-09] GeoEye has appointed four new members of its financial team following an extensive search for debt financing in September, which earned the company $249.5 million out of a requested $400 million
Euroconsult: Data, Earth Observation Markets Will Exceed $1 Billion in 2009 Satellite Today September 4, 2009
[Satellite TODAY 09-04-09] Commercial data and satellite-based Earth observation sales will top $1 billion in 2009, with figures nearly quadrupling by 2018, according to a Euroconsult study released Sept. 3.
GeoEye Downplays Satellite Imagery Glitch in SEC Filing Satellite Today June 5, 2009
[Satellite Today 06-05-09] GeoEye projected that an issue with its GeoEye-1 satellite, which occurred in May causing portions of its imagery to lack color when collected in a particular operating mode, will not have serious impact on revenues, the…