Maxar Technologies’ Revenue by Segment (2018-2022)

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This statistic highlights Maxar Technologies’ Revenue by Segment, split across products and services on a quarterly basis from Q1 2018 onwards.
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This statistic highlights Maxar Technologies’ Revenue by Segment, split across products and services on a quarterly basis from Q1 2018 onwards.

Maxar Technologies’ Revenue by Segment

Maxar Technologies’ Chief Operating Decision Maker (“CODM”) measures the performance of reportable segments based on revenue and Adjusted EBITDA.

In the Earth Intelligence segment, they are a global leader in high-resolution space-based Earth observation imagery products and analytics. 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. Maxar’s 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.

Maxar Technologies’s revenue can be bifurcated into the following segments:

Revenue by Segment Q2 2020 Q1 2021 Q2 2021 Revenue Mix by Segment for Q2 2021
Product $157.00 $142.00 $190.00 40.17%
Service $282.00 $250.00 $283.00 59.83%
Totals $439.00 $392.00 $473.00 100.00%

(All figures in millions, except percentages)

Product

The Company processes its imagery to varying levels according to customers’ specifications and delivers products using the distribution methods and subscription services that best suit customers’ needs. They offer several imagery products, including the following:

  • Orthorectified imagery—includes radiometric, geometric, and topographic correction. Topographic correction includes terrain and projects images onto the Earth as they would be seen by the human eye.
  • Imagery base maps—powered by proprietary image processing techniques, imagery base maps deliver high-quality imagery through thousands of combined images that maximize contrast, sharpness, and clarity. They also sell products that deliver regular updates of images of 6,000 major metropolitan areas.
  • 3D and Elevation products—elevation and terrain information is foundational to mapping and understanding the surface of a planet. The company offers various models of the Earth’s surface (e.g., digital surface models, digital terrain models, 3D point clouds, etc.) derived from our 3D representation of the Earth.
  • Information products—new map features and information products are derived from imagery archives using machine learning, often without additional manual processing.
  • SecureWatch— It is a subscription offering that provides its customer online access to geospatial intelligence platforms, extensive imagery and addresses a broad spectrum of uses. SecureWatch includes supporting the U.S Government with Global Enhanced GEOINT Delivery (“G-EGD”).

The revenue from products increased from $157.00 million in Q2 2020 to $190.00 million in Q2 2021, which is an increase of 21.02% or an increase of $33 million. The revenue increased by $48.00 million from $142 million in Q1 2021 to $190 million in Q2 2021. It increased by 33.80% on a quarter-on-quarter basis. The products contribute to 40.17% of total revenue in Q2 2021.

Services

The company provides advanced geospatial information, applications, and analytic services to national security and commercial customers through imagery and other sources of geospatial data such as low-resolution satellite imagery, radar, weather, oceanographic data, elevation, and social media. They deploy these services through various platforms, including Amazon Web Services. 

They provide geospatial services that combine imagery, analytic expertise, and innovative technology to deliver intelligent solutions to customers. Their cleared developers, analysts, and data scientists provide analytic solutions that accurately document change and enable geospatial modeling and analysis. Their primary customer of geospatial services is the U.S. government, but they also support intelligence requirements for global development organizations, other U.S. allied governments, and commercial customers.

The revenue from services increased from $282.00 million in Q2 2020 to $283.00 million in Q2 2021, which is an increase of 0.35%. The revenue increased by $33.00 million from $250 million in Q1 2021 to $283 million in Q2 2021. It increased by 13.20% on a quarter-on-quarter basis. The services contribute to 59.83% of total revenue in Q2 2021.

About Maxar Technologies

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. Maxar’s stock trades under the symbol “MAXR” on the New York Stock Exchange and Toronto Stock Exchange.

They deliver global broadband communications and explore and advance the use of space. Maxar delivers value to government and commercial customers, to help them monitor, understand, and navigate changing planet.  Their approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions. They aim to deliver insights with speed, scale, and cost-effectiveness. Maxar Technologies is a partner and innovator in Earth Intelligence and Space Infrastructure.

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