DigitalGlobe Q4 Flat, Expectations for 2010 Also Flat

DigitalGlobe made $13.8 million, or 30 cents per diluted share, on revenue of $72.9 million during the quarter that ended on Dec. 31, 2009. During the fourth quarter last year, DigitalGlobe reported a net income of $13.8 million, or 31 cents per diluted share, on revenue of $72.2 million.

That did beat the analyst projections, but not by much.

Revenues were down for the year and expectations for next year are relatively flat. The company continues to support private companies including Microsoft and Nokia and expects to receive some of the DoD’s EnhancedView contract later this year. The big achievement this year was the successful launch of WorldView-2.

Space News has a good review of where DG’s revenues may come from in 2010.

- Boulder Daily Camera
- Reuters