Maxar Technologies Q1 2022

In Q1 2022, manufacturer Maxar Technologies reported:

• The company continues to be impacted by delays in launching WorldView. Maxar pushed the first WorldView Legion launch back to September after encountering a test configuration anomaly.
• Consolidated revenues of $405 million, up 3.3% over the same time last year.
• Net loss was $7 million, compared to $84 million in Q1 last year.
• Earth Intelligence revenue was roughly flat compared to 2021, at $251 million. The division saw a $2 million increase in revenues from international defense and intelligence customers and a $1 million increase in revenues from commercial programs, partially offset by a $2 million decrease in revenues from the U.S. government
• Space Infrastructure was up 14% over the same time last year, at $177 million because of the $28 million charge realized in 2021 due to the failure of the SXM-7 satellite, which did not repeat this year, but the division also saw a $3 million decrease in revenues from U.S. government contracts and a $2 million decrease in revenues from recurring commercial programs.