WESTMINSTER

Maxar performance turns red in fourth quarter

Maxar Technologies Inc. (NYSE: MAXR) posted a net loss in the fourth quarter of 2022, a reversal from a profitable period during the same quarter of the prior year.

The satellite-imagery company posted a 2022 fourth-quarter loss of $109 million. That’s compared with a net gain of $71 million in the fourth quarter of 2021.

Maxar’s performance for the most recent period represents a loss of $1.47 per share, far exceeding Zacks Consensus Estimate of a loss of 41 cents per share.

The company also missed the mark on sales. Fourth-quarter 2022 revenues were $326 million, down from $468 million in the fourth quarter of 2021. Wall Street analysts expected sales of $440.6 million in the most recent period.

The fourth quarter was a significant one for Maxar. In December 2022, the company announced it would be acquired by Advent International, a Boston-based private-equity firm, for $6.4 billion.

The deal comes five years after Canadian company MacDonald, Dettwiler and Associates Ltd. merged with Westminster-based DigitalGlobe in a $2.4 billion deal, with the combined company renamed Maxar Technologies.

Maxar’s stock price closed Thursday at $51.40, flat for the day.

DENVER

Colorado SBDC seeking women-owned science, tech firms for accelerator

The Colorado Small Business Development Center is accepting applications for its Tech Venture Accelerator for Women, or TVXW, accelerator program.

The accelerator will include 10 women-owned science and technology businesses, and will begin in April.

“Unique to this accelerator program is the assistance provided on federal and state innovation grants as a source of non-dilutive capital,” according to an SBDC news release. “Specialized expertise is provided to each business in critical areas, including identifying relevant SBIR agencies and topics, understanding the proposal process and applying research and market data to develop technology commercialization plans that will support grant submissions.”

To learn more and apply for TVX-W, visit sbdc-techsource.org/tvxw.

LONGMONT

Chamber issues its Best of Business awards

GreenPoint Roofing was named the business of the year at the annual Longmont Chamber of Commerce event last week.

In addition to GreenPoint, five other businesses and three individuals were recognized for their achievements and community contributions.

The winners:

Business of the year — GreenPointRoofing.

Nonprofit of the year — Pearl Promise.

Emerging business of the year — Copper Sky Distillery.

Longmont Chamber Legacy Award — Front Range Community College.

People’s Choice Award — A Way Forward.

Building Bridges Award — Karin Synder and 303 Sign Co.

Ambassador of the year — Lisa Hamilton.

Making a Difference Award — Kevin Puckett.

— BizWest