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SES-4 in the Compact Antenna Range Range at Space Systems / Loral, a Maxar Technologies company. Photo: Maxar Technologies
Maxar Technologies released its second quarter results, which were marked by notable highlights, including revenue of $ 578.9 million for the quarter. Unlike this quarter last year, Maxar was able to include revenue in the images and services of DigitalGlobe . DigitalGlobe's operations generated revenues of $ 238.8 million in the second quarter this year. Space Systems revenues contributed $ 329.9 million, a decrease of just under $ 10 million from the same period last year
. Thanos Moschopoulos in a research note. "Revenues were $ 578.9 million (-4% on a pro forma basis) versus a consensus of $ 558.5 million, earnings before interest, taxes, depreciation and amortization (EBITDA) s & # Is $ 171.2 million against a consensus of $ 175.4 million, "he said." He is now expecting an EBITDA margin of 33% for Full year, down from 34% previously, mainly due to a slightly more conservative margin outlook for Space Systems. This implies a 3% reduction over the 2018 EBITDA from the previous year, in the middle of the range. "
Loral Space Systems (SSL), one of Maxar's key subsidiaries, made his way into the news this week when he announced yesterday that he would be working with Thales Alenia Space ] as its offers to win lucrative business of Telesat involving its upcoming Low Earth Orbite (LEO) constellation.The consortium of both companies has already been selected for the design phase of the planned LEO constellation of Telesat Telesat has not yet chosen a prime contractor, but will probably do so in the middle of next year. "Moschopoulos adds:" The revenues of the Geostationary Orbit (GEO) and the Radarsat Constellation Mission (RCM) were -18% year-over-year during the quarter, while the rest of the space systems was + 34% Management continues to explore strategic alternatives for GEO, noting that it do not anticipate GEO market rebound given the growing importance of the average earth orbit (LEO). "
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