Maxar Technologies Inc. (NYSE: MAXR) is a space and geospatial technology provider that supports both national security and commercial decision-making. Headquartered in Westminster, Colorado, the company operates globally across major regions including the United States, Europe, the Middle East, Asia, South America, and Australia/Canada. Business-wise, Maxar is organized into two ...Maxar Technologies Inc. (NYSE: MAXR) is a space and geospatial technology provider that supports both national security and commercial decision-making. Headquartered in Westminster, Colorado, the company operates globally across major regions including the United States, Europe, the Middle East, Asia, South America, and Australia/Canada.
Business-wise, Maxar is organized into two primary segments. The Earth Intelligence segment focuses on high-resolution Earth imagery and a broad range of geospatial data, derived from Maxar’s satellite constellation (supplemented by third-party sources). The segment serves public-sector customers and enterprise clients through geospatial insights, software applications, and analytics tailored for use cases such as mapping, intelligence and situational awareness, and on-demand information needs. Typical offerings include direct satellite access, fundamental geospatial data products, mapping capabilities, and intelligence services, emphasizing both secure delivery and accuracy.
The Space Infrastructure segment focuses on building and operating space-based platforms and systems. This includes development and deployment of communications and imaging satellites and their payloads, as well as space exploration platforms and Earth-science observational instruments. In addition, the segment provides space subsystems—such as power management, propulsion, and communications—alongside satellite ground control systems and support services. The company also develops space-based remote sensing technologies and space robotics, serving customers that include government agencies and commercial satellite operators.
From a cost and business model perspective, Maxar’s operations are capital- and engineering-intensive, reflecting the development, manufacturing, and lifecycle support of satellites and related systems, as well as ongoing data and software operations for geospatial intelligence. The company’s revenue and performance metrics (as provided in the dataset) suggest meaningful investment and complex operational dynamics typical of aerospace and defense-adjacent technology providers, including variability driven by program timing and contract mix.
Key leadership (per the provided sources) includes CEO Daniel L. Jablonsky, with the company’s executive team responsible for managing both the program delivery cycle of space systems and the product/software/data pipeline for Earth Intelligence offerings.
Overall, Maxar’s strategic “wish list” (in practical terms) is to expand and modernize its space and geospatial capabilities—strengthening satellite and ground capabilities while scaling secure, AI-enabled geospatial intelligence products for governments and enterprises—so it can maintain relevance as demand grows for faster, more precise Earth observation and on-orbit services.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.6B
-9.3%
+28.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-150.0M
-426.1%
+89.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+42.4%
-4.5%
+104.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+0.7%
-91.0%
+107.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-9.3%
-459.6%
+91.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$6.0M
-87.2%
-146.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.4%
-85.9%
-136.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
170.2%
+9.8%
+2.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.83x
-2.9%
-2.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day and welcome to Maxar Technologies' Third Quarter 2022 Conference Call and Webcast. Today's call is being recorded. And I would now like to turn today's call over to Jonny Bell, Investor Relations. Please go ahead.
Jonny Bell: Good afternoon and thanks operator. Welcome to Maxar's third quarter 2022 earnings conference call. I am joined today by the company's Chief Executive Officer, Dan Jablonsky; Senior Vice President and GM of our Entire Business, Dan Nord; and Chief Financial Officer, Biggs Porter. Each will make some opening remarks, after which, we are going to open up the line for your questions. We are shooting to wrap up the call in about an hour. Before we get started, I'd like to refer listeners to the accompanying slides for today's presentation, which can be found on the company's website at maxar.com. Once there, please turn to Slide 2, where I’d like to remind you that part of today’s discussion, including responses to various questions, may contain forward-looking statements, which represent the company’s estimates, future plans, objectives and expected performance at today’s date. These statements are based on current assumptions that the company believes are reasonable, but are subject to a wide range of uncertainties and risks that could lead actual results to differ materially from the forward-looking information. You can refer to the advisory regarding forward-looking statements contained in our quarterly earnings releases, earnings call slide decks and the company’s most recent MD&A section found in our Form 10-Q on the company’s website at maxar.com. And with that, I will hand the discussion over to Dan. Dan, go ahead.
Daniel Jablonsky: Thanks, Jonny. And good afternoon, everyone. It's been another busy and productive quarter for the Maxar teams. Today I'll review key highlights for the quarter review progress on our annual priorities, give an update on the WorldView Legion program. Talk about the woodenware acquisition that we announced today and then have Dan Nord gem of our enterprise business give an update on some of the investments we've been making in our 3D and platform capabilities. They will then provide a more detailed review of results and an update on guidance. Starting to slide 3. Total revenues remained relatively steady at approximately $436 million for the quarter compared to the same period in 2021. Adjusted EBITDA was $115 million, excluding a foreign exchange loss of $5 million. And total company book-to-bill this quarter was 1x and 1.8x on a year-to-date basis. And Earth intelligence we continue to gain wider traction with the investments we've been making, especially in our 3D and platform capabilities. And we're looking forward to the enhanced capacity coming online soon from the worldview Legion satellites. Our Space business continues to execute well win key awards and diversify into new product and customer areas. Let's now turn to slide 4. We've made substantial progress on our …
