DigitialGlobe Year-End Investor Call: A Big Year

The bottom line was that 2012 was a big year and 2013 will be big, too:

• Grew revenue 24% to $421.4 million. 
• Grew next 12-month backlog 37% to $419 million.
• Commercial revenue was a record
• $535-660M for 2013

Leadership reviewed four goals for the year and how they were met:

1) Meet Full potential of Enhanced View

• met and exceeded
• updated ground stations
• integrated with NGA
• enhanced delivery
• combining with GeoEye delivers more product, faster

Shared that the company is in a good place, should sequestration go forward.

2) Diversification of Revenue

• $195M from non Enhanced View money this year, up 24%
• Expect that to be higher, about 65% from diversified, with GeoEye, next year
• Grew in international govs, LBS and other industries

3) Investment Excellence

• Joining with GeoEye enhances value, content, delivery
• And supports other goals
• Financial synergies - raising projections - $100 million growth after six quarters

4) Develop a Culture of Leadership

• Key hires and promotions
• Diverse team with record of success
• Two new folks from GeoEye in senior leadership

In the Q&A I found two questions interesting.

One was about expansion of non-US government revenue. There are two areas that look promising, but have longer sales cycles.

• humanitarian areas
• local law enforcement

The second was about use of capital. 

• Expect more acquisitions

- replay of call and slides (pdf)

- press release