Maxar reports $7 million loss in first quarter earnings

WESTMINSTER, Colo. — Maxar Technologies on Monday reported a loss of $7 million in its first quarter.

On a per-share basis, the Westminster, Colorado-based company said it had a loss of 10 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The satellite company posted revenue of $405 million in the period.

Multiple media organizations use Maxar’s satellite imagery in their reporting, notably to show activity in Ukraine as it defends itself against a Russian invasion. Other examples include:

• New Chinese radar looks toward Japan, satellite image shows
• How one US intelligence agency is supporting Ukraine
• Satellite images track new Russian military deployments near Ukraine
• Satellite photos show chaos in Afghanistan exit

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