MAXR - Maxar dips 1.3% after quarter with healthy revenue gain swing to operating loss

Maxar Technologies (MAXR) is 1.3% lower now after hours in choppy trading following Q4 earnings where it topped revenue expectations with double-digit growth. Revenues rose nearly 14% overall to $467M, mainly due to gains in Space Infrastructure, partly offset by a drop in Earth Intelligence. EBITDA was $95M (down slightly from $100M), and EBITDA margin was 20.3% (down from 24.4%). Meanwhile the company swung to a net operating loss of $52M from a year-ago gain of 53M - that driven mainly by a gain on sale of assets of $136M the prior year that didn't recur.“We made solid progress during 2020 toward achieving our longer-term targets, including efforts to drive sustainable growth in both our Earth Intelligence and Space Infrastructure segments and to reduce our debt and leverage, as evidenced by solid 17% year-over-year backlog growth and the closure of the MDA divestiture and subsequent repayment of debt," says CEO

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Maxar dips 1.3% after quarter with healthy revenue gain, swing to operating loss