Two numbers stood out to me on today's DigitalGlobe investor call on earnings (press release):
43% - The amount revenue was up over Q3 2012. Still, though, the company has a loss for the quarter.
83% - How far the company is along in its goal of operating expense synergy target of $100 million with the acquisition of GeoEye.
In all, the call was quite positive. The most heard term was EGD. That's Enhanced GEOINT Delivery. It refers to the opening up data to U.S. government workers supported by NGA. (See video after the jump.) Government workers can get access, with daily updates in some areas, to data via a browser. DigitalGlobe notes that the platform, which scaled up nicely from one coutry to the full globe has lots of potential with other clients.
EDG accounted for the largest part of the growth in the quater. What came in second? Location-based services. The company signed a new client and noted a new product: Advanced Country Coverage (ACC) which delivers timely, prcossed imagery and the required scale. Other commercial "wins" included the Sateliite Sentinel project and an NGO using data to explore oil theft from pipelines in Africa.
This quarter the U.S. government accounted for 61% of revenues. But as it's stated before, management hopes to get to 50/50 government/commercial in time.
- DigitalGlobe is on many teams for the Geospatial and Data Services U.S. federal procurement.
- The company feels strongly that limits on resolution are outdated and limit its comptitiveness both with overseas competitors and other technologies such as aerial.
- All of the company satellites are managed out of Longmont now.