8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- 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 ----------------- EARTHWATCH INCORPORATED -------------------------- (Exact name of registrant as specified in its charter) DELAWARE ----------- (State or other jurisdiction of Incorporation) 333-39202 31-1420852 --------- ---------- (Commission (IRS Employer File Number) Identification No.) 1900 Pike Road, Longmont, Colorado 80501 ----------------------------------- ----- (Address of principal executive offices) (Zip code) (303) 682-3800 -------------- (Registrant's telephone number, including area code) EARTHWATCH INCORPORATED FORM 8-K 1 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 -------------- -------------- 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 -------------- -------------- 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) 2 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 ----------------------------------------- Henry E. Dubois Chief Operating Officer, Chief Financial Officer, Executive Vice President (Principal Financial and Accounting Officer) 3