GeoEye Unveils 2009 Financial Numbers

According to GeoEye, total revenues for the calendar year that ended Dec. 31, 2009 were $271.1 million, an 84.9 percent increase from $146.7 million in the calendar year which ended Dec. 31, 2008. The Company’s adjusted EBITDA for the calendar year that ended Dec. 31, 2009 was $132.2 million, an increase of approximately 232.9 percent from the same period in 2008. Net income for the calendar year which ended Dec. 31, 2009 was $32.1 million, or $1.55 per fully diluted share, as compared to net income of $26.6 million, or $1.36 per fully diluted share, in the same period of 2008.

The 2009 net income included $27.1 million non-recurring loss from the early extinguishment of debt in the fourth quarter and approximately $29.5 million of tax benefits primarily associated with restoring net operating losses and the loss from the early extinguishment of debt.

“We’re very pleased with our fiscal 2009 financial and operating results. We experienced strong year-over-year revenue growth, cash flow growth and solid operating performance in our business, ” said Matt O’Connell, chief executive officer and president. “Our team is very focused on continuing to deliver high-quality imagery and business solutions to our government and commercial customers, expanding our offerings and adding new customers.”

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