SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 20, 2001
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EARTHWATCH INCORPORATED
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of Incorporation)
333-39202 31-1420852
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(Commission (IRS Employer
File Number) Identification No.)
1900 Pike Road, Longmont, Colorado 80501
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(Address of principal executive offices) (Zip code)
(303) 682-3800
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(Registrant's telephone number, including area code)
EARTHWATCH INCORPORATED
FORM 8-K
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Item 9. Regulation FD Disclosure.
EarthWatch Incorporated hereby releases its preliminary summary financial
performance for 2000. The summary contains unaudited financial information and
is subject to revision upon completion of the audit and the report of the
Company's auditors, PricewaterhouseCoopers.
The Company experienced the loss of QuickBird 1 satellite on November 20, 2000.
The losses noted in the preliminary information resulted from the costs of
construction and the loss of the satellite.
For Year Ended For Year Ended
December 31, December 31,
2000 1999
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Revenue $ 3,336,052 $ 5,913,310
Selling, general, and administrative 15,332,973 12,762,636
Research and development 13,442,214 6,956,244
Loss (gain) from impairment of fixed
assets, net of insurance recoveries (109,016,653) --
Net income (loss) $ 76,681,932 $ (20,318,766)
Values at Values at
December 31, December 31,
2000 1999
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Total Assets $ 379,378,216 $ 271,469,120
Total Liabilities 211,744,327 181,604,445
Total Mandatorily Redeemable
Preferred Stock 141,246,391 129,978,333
Total Stockholders' Equity 26,387,498 (40,113,658)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EARTHWATCH INCORPORATED
Dated: March 20, 2001 By: /s/ Henry E. Dubois
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Henry E. Dubois
Chief Operating Officer,
Chief Financial Officer,
Executive Vice President
(Principal Financial and Accounting Officer)
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