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This statistic highlights Maxar Technologies’ Revenue Breakdown, split across earth intelligence and Space infrastructure, reported on a quarterly basis from Q1 2019 onwards.
Earth Intelligence and Space Infrastructure are the two reportable segments of the company. The Earth Intelligence reportable segment provides radar imagery products, it is a high-resolution space-based optical and analytics supplier. The Space Infrastructure reportable segment provides Space Infrastructure that designs, builds, integrates, and tests solutions for space-based communication satellites, on-orbit servicing, robotic assembly, and space exploration.
Maxar’s total revenue increased from $439.00 million in Q2 2020 to $473.00 million in Q2 2021, indicating an increase of 7.74% on a year-on-year basis. The total revenue increased by $81.00 million or by 20.66% as compared to the previous quarter Q1 2021.
Maxar Technologies generate revenue from the following business verticals:
|Vertical||Q2 2020||Q1 2021||Q2 2021||Contribution in Q2 2021|
(All figures in millions, except percentages)
The company is a global leader in high-resolution Earth imagery and other geospatial data sourced from their advanced satellite constellation and third-party providers to government and commercial customers and a provider of analytic services to national security and commercial customers advanced geospatial information, and applications.
Their principal customers in the Earth Intelligence segment are the U.S. and international government agencies (primarily defense and intelligence agencies) and a wide variety of commercial customers in multiple markets. The company is a market leader in the commercial satellite Earth observation industry.
The revenue from Earth intelligence increased by $5 million on a year-on-year basis from $278 million in Q2 2020 to $283 million in Q2 2021. It increased by 1.80% on a year-on-year basis. As compared to the previous quarter the revenue grew by 13.20% from $250 million in Q1 2021 to $283 million in Q2 2021. Earth intelligence contributes to 59.83% of total revenue in Q2 2021.
The company supplies space-based infrastructure, robotics, information solutions, and subsystems to government agencies and satellite operators. In the Space Infrastructure segment, the design, build, integrate and test solutions for space-based communications satellites, Earth observation, on-orbit servicing, robotic assembly, and space exploration. They address a broad spectrum of needs for customers. This includes mission systems engineering, assembly, spacecraft manufacturing, product design, integration, and testing.
Maxar technologies are successfully partnering with the U.S. government in new space opportunities leveraging high-performance spacecraft subsystems. Their principal customers in the Space Infrastructure segment are commercial satellite operators and government agencies worldwide.
The revenue from Space infrastructure increased from $184 million in Q2 2020 to $206 million in Q2 2021. It increased by $22 million or 11.96% on a year-on-year basis and 32.90% or $51 million on a quarter-on-quarter basis as compared to the previous quarter. The revenue from Space infrastructure contributes to 43.55% of total revenue in Q2 2021.
Projects between the segments, primarily WorldView Legion are included in the Intersegment eliminations. To solve the biggest challenges faced by the world today, WorldView Legion enables unprecedented visibility into changing planets.
The revenue from intersegment Eliminations has increased from -$23 million in Q2 2020 to -$16 million in Q2 2021, indicating an increase by $7 million or 30.43% on a year-on-year basis. The revenue from intersegment eliminations increased by 23.08% on a quarter-on-quarter basis from -$13 million in Q1 2021 to -$16 million in Q2 2021. This business vertical contributed -3.38% of total revenue in Q2 2021.
About Maxar Technologies
Maxar Technologies is a partner and innovator in Earth Intelligence and Space Infrastructure. Maxar delivers value to government and commercial customers, to help them monitor, understand, and navigate changing planet. They deliver global broadband communications and explore and advance the use of space. Their approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with speed, scale, and cost-effectiveness. Maxar’s stock trades under the symbol “MAXR” on the New York Stock Exchange and Toronto Stock Exchange.
Maxar has decades of experience in manufacturing, communication, and Earth observation satellites. It has more than 280 Maxar-built satellites and over 2,200 cumulative years in orbit.
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