Dulles, Va., Aug. 23 — GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today it has been ranked 84th on FORTUNE Magazine’s 2010 "100 Fastest-Growing Companies" list. The full list and related stories will appear in the Sept. 6, 2010 issue and is online HERE.
FORTUNE Managing Editor Andy Serwer writes in the Sept. 6, 2010 issue, "The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work creating the next Cisco or Amgen or Starbucks."
Matt O’Connell, GeoEye’s chief executive officer and president, said, "The worldwide demand for satellite imagery, change monitoring and surveillance continues to resist recessions and budget pressures. This, along with GeoEye’s ability to collect and disseminate imagery with the world’s highest resolution and unmatched accuracy in a timely, reliable and cost-efficient manner, will continue to drive the growth of our business."
GeoEye qualified for the 100 Fastest-Growing Companies list by meeting the following criteria: posting an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010; trading on a major U.S. stock exchange continuously since June 30, 2007; filing quarterly reports with the SEC; having a minimum market capitalization of $250 million; and having a stock price of at least $5 on June 30, 2010. The Company also had revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010.
Companies that met the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010. To compute the revenue and EPS growth rates, FORTUNE used a trailing four quarters log linear least square regression fit. The overall rank was based on the sum of the three ranks.
GeoEye, Inc. is a leading international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry’s imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has over 500 employees dedicated to developing best-in-class geospatial information products and services. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation (www.geoeyefoundation.org). Additional information about GeoEye is available at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2009, which we filed with the Securities and Exchange Commission ("SEC") on March 12, 2010, and our Quarterly Report on Form 10-Q for the period ended March 31, 2010 and June 30, 2010, which we filed with the SEC on May 10, 2010, and Aug. 9, 2010, respectively. Copies of all SEC filings may be obtained from the SEC’s EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.