Digitalglobe Inc. (DGI, Financial) filed Quarterly Report for the period ended 2012-09-30.
Digitalglobe Inc has a market cap of $1.1 billion; its shares were traded at around $23.47 with a P/E ratio of 57.2 and P/S ratio of 3.2.
For the three months ended September 30, 2012 and 2011, we generated approximately 24.0% and 31.7% of our commercial revenue from paid tasking and 76.0% and 68.3% from our ImageLibrary, respectively. For the nine months ended September 30, 2012 and 2011, we generated approximately 23.4% and 23.6% of our commercial revenue from paid tasking and 76.6% and 76.4% from our ImageLibrary, respectively.
There was an increase of $15.8 million or 24.2%, in defense and intelligence revenue during the three months ended September 30, 2012, to $81.1 million from $65.3 million for the three months ended September 30, 2011. This increase was the result of $12.1 million of additional revenue recognized under the EnhancedView SLA resulting from the increased amount of capacity made available to NGA for EnhancedView. In addition, there was a $2.5 million increase in U.S. Government value added services revenue. The increase of $9.5 million, or 57.2%, in commercial revenue to $26.1 million for the three months ended September 30, 2012 from $16.6 million for the three months ended September 30, 2011, was due to a $4.1 million increase from location-based services, a $3.1 million increase in other verticals and a $2.3 million increase internationally among civil government customers.
Cost of revenue increased $3.0 million or 16.2%, during the three months ended September 30, 2012 to $21.5 million from $18.5 million for the three months ended September 30, 2011. The higher expenses are attributed to (i) a $1.9 million increase in costs related to the addition of four remote ground terminals brought into service during 2012 to satisfy obligations under EnhancedView to make more imagery capacity available to NGA, (ii) a $1.5 million increase in labor related costs due to employee headcount growth to support the growth of our business, (iii) $1.1 million increase in aerial imagery amortization, and (iv) $0.5 million increase in DAP facility cost amortization. These increases were partially offset by a $3.0 million one-time project that was delivered to NGA in 2011.
There was an increase of $39.5 million or 20.6%, in defense and intelligence revenue during the nine months ended September 30, 2012, to $230.9 million from $191.4 million for the nine months ended September 30, 2011. This increase was the result of $29.9 million of additional revenue recognized under the EnhancedView SLA resulting from modifications of EnhancedView that included increasing the amount of capacity made available to NGA, a $5.3 million increase in DAP revenue and a $4.6 million increase in U.S. government value added services revenue. The increase of $14.7 million, or 29.2%, in commercial revenue to $65.1 million for the nine months ended September 30, 2012 from $50.4 million for the nine months ended September 30, 2011, was due to a $6.3 million increase internationally among civil government customers, a $5.8 million increase in other verticals and a $2.6 million increase from location-based services.
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Digitalglobe Inc has a market cap of $1.1 billion; its shares were traded at around $23.47 with a P/E ratio of 57.2 and P/S ratio of 3.2.
Highlight of Business Operations:
For the three months ended September 30, 2012 and 2011, we generated approximately 69.1% and 67.9% of our defense and intelligence revenue from paid tasking and 30.9% and 32.1% from our ImageLibrary, respectively. For the nine months ended September 30, 2012 and 2011, we generated approximately 70.8% and 68.8% of our defense and intelligence revenue from paid tasking and 29.2% and 31.2% from our ImageLibrary, respectively.For the three months ended September 30, 2012 and 2011, we generated approximately 24.0% and 31.7% of our commercial revenue from paid tasking and 76.0% and 68.3% from our ImageLibrary, respectively. For the nine months ended September 30, 2012 and 2011, we generated approximately 23.4% and 23.6% of our commercial revenue from paid tasking and 76.6% and 76.4% from our ImageLibrary, respectively.
There was an increase of $15.8 million or 24.2%, in defense and intelligence revenue during the three months ended September 30, 2012, to $81.1 million from $65.3 million for the three months ended September 30, 2011. This increase was the result of $12.1 million of additional revenue recognized under the EnhancedView SLA resulting from the increased amount of capacity made available to NGA for EnhancedView. In addition, there was a $2.5 million increase in U.S. Government value added services revenue. The increase of $9.5 million, or 57.2%, in commercial revenue to $26.1 million for the three months ended September 30, 2012 from $16.6 million for the three months ended September 30, 2011, was due to a $4.1 million increase from location-based services, a $3.1 million increase in other verticals and a $2.3 million increase internationally among civil government customers.
Cost of revenue increased $3.0 million or 16.2%, during the three months ended September 30, 2012 to $21.5 million from $18.5 million for the three months ended September 30, 2011. The higher expenses are attributed to (i) a $1.9 million increase in costs related to the addition of four remote ground terminals brought into service during 2012 to satisfy obligations under EnhancedView to make more imagery capacity available to NGA, (ii) a $1.5 million increase in labor related costs due to employee headcount growth to support the growth of our business, (iii) $1.1 million increase in aerial imagery amortization, and (iv) $0.5 million increase in DAP facility cost amortization. These increases were partially offset by a $3.0 million one-time project that was delivered to NGA in 2011.
There was an increase of $39.5 million or 20.6%, in defense and intelligence revenue during the nine months ended September 30, 2012, to $230.9 million from $191.4 million for the nine months ended September 30, 2011. This increase was the result of $29.9 million of additional revenue recognized under the EnhancedView SLA resulting from modifications of EnhancedView that included increasing the amount of capacity made available to NGA, a $5.3 million increase in DAP revenue and a $4.6 million increase in U.S. government value added services revenue. The increase of $14.7 million, or 29.2%, in commercial revenue to $65.1 million for the nine months ended September 30, 2012 from $50.4 million for the nine months ended September 30, 2011, was due to a $6.3 million increase internationally among civil government customers, a $5.8 million increase in other verticals and a $2.6 million increase from location-based services.
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