SpatialNews Press Release
3Di Reports Record Q1 Earnings -- Leading Geo-spatial Firm Expands
Client Base and Improves Financials Despite Slow Economy
Jump to Website Here
EASTON, Md., Jun 28, 2001 -- Today, 3Di, the
leading international geo-spatial services provider,
announced dramatic improvements in the financial performance of the
company compared to the same period in 2000. For the first
quarter of 2001, earnings before income taxes, interest expense,
depreciation and amortization (EBITDA) increased 556%, while
revenues increased 34%.
"Even in this difficult economic environment, we were still able to
deliver good financial results," said 3Di CEO Monty Deel. We have
also substantially increased our production backlog, further positioning
us for a strong fiscal year overall. And, in one short year, we
improved both the efficiency and the profitability of our national
network of regional production centers."
In addition to the positive revenue news, 3Di's operating efficiency
improved as the company's gross profit margin increased 34%.
"During the past six months, we invested heavily in the development of
the DATIS II, the most advanced LIDAR system in the world,
which is now operational. Our customers are already seeing the results
of DATIS II in terms of production time and quality of data.
For the remainder of the year, we will continue our focus on tightly
controlling expenses while driving new sales in all lines of
business," Deel continued. "From a competitive standpoint, 3Di remains
the best value for both private and government agency
clients."
In addition to improved financial performance, during the last five
months, 3Di added more than 66 new clients in all lines of
business, including Mapping Services, Remote Sensing Services, and GIS
Services.
Headquartered in Easton, MD, 3Di provides both public and private
sectors with cost-effective solutions for spatial data mapping
needs, using a unique combination of technologies. Through its
Photogrammetry, Geographic Information Systems (GIS) and
Remote Sensing Services, 3Di delivers products and services designed to
meet the spatial data needs of transportation,
telecommunications, agriculture and engineering clients, as well as
facility management, utilities and government agencies. 3Di's
end-to-end solutions range from data acquisition and analysis (aerial
and satellite) and associated information products, to
information integration (Enterprise GIS). 3Di's partial client list
includes NOAA, USDA, the World Bank, National Geographic,
DuPont, Verizon, and Zeneca. The company is also an authorized ESRI(TM)
business partner, reseller, and training provider.
Search GeoCommunity for Related Stories
Search The Web (Google) for Related Stories
Return to Today's News Index
Jul 2, 2001
Jun 26, 2002
|
