Maxar Technologies Ltd. (MAXR) Misses on Q3 Revenues

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Go back to Maxar Technologies Ltd. (MAXR) Misses on Q3 Revenues

Maxar Technologies reports third quarter 2018 results, declares quarterly dividend

October 31, 2018 7:00 AM EDT

WESTMINSTER, CO and VANCOUVER, Oct. 31, 2018 /PRNewswire/ - Maxar Technologies Ltd. ("Maxar" or the "Company"), a global technology innovator powering the new space economy, today reported financial results for the third quarter ended September 30, 2018. All dollar amounts in this press release are expressed in U.S. dollars unless otherwise noted.

Highlights from the quarter include:

Consolidated revenues of $508.2 million Net loss under IFRS of $432.5 million including $383.6 million in impairment losses and inventory obsolescence Net loss under IFRS of $7.31 per share; net loss excluding impairment losses of $0.83 per share Adjusted EBITDA of... More