Maxar Technologies Reports First Quarter 2019 Results

Revenues from the Imagery segment decreased $11 million in the first quarter of 2019 compared to the same period of 2018. The decrease was primarily driven by the loss of WorldView-4 revenue and higher than normal seasonal revenue from international defense and intelligence customers in first quarter of 2018, in part offset by growth from our commercial customers and the U.S. government.

Adjusted EBITDA decreased $13 million in the first quarter of 2019 compared to the same period of 2018. The decrease was primarily driven by the loss of WorldView-4 which had higher margins.

Services Results

        Reported
Three months ended
March 31,
2019     2018
($ millions)
Revenue $ 68

 

$

70

Adjusted EBITDA $ 7

 

$

4

Adjusted EBITDA Margin 10.3 % 5.7 %

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