Low-price stocks give space investors the best chance to profit as the stock prices rise."Space is hard," goes the one saying. It's especially hard for investors, who have struggled to make money in the nascent space industry ever since it burst into being with the Virgin Galactic IPO more than five years ago.Initial enthusiasm for space stocks sparked a wave of SPAC IPOs in the sector, but several of those have already failed. Even among the survivors, unprofitable space stocks have faced difficulties in t ...

BlackSky and Jumia could have more upside potential than the struggling AI underdog.BigBear.ai (BBAI 20.20%), a developer of artificial intelligence (AI) modules for edge networks, has seen its stock decline nearly 70% since it went public by merging with a special purpose acquisition company (SPAC) on Dec. 8, 2021. Like many other SPAC-backed start-ups, BigBear.ai set some ambitious growth targets but missed them by a mile.Prior to going public, BigBear.ai claimed it could grow its annual revenue from $182 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39113 ___________________________________ BLACKSKY TECHNOLOGY ...

Core Insights - BlackSky Technology, Inc. (NYSE: BKSY) reported revenue of $30.4 million, adjusted EBITDA of $7.4 million, and EPS of ($1.01), which fell short of consensus estimates of $38.7 million, $7.7 million, and ($0.43) respectively [1] - This marks the fifth consecutive quarter of positive adjusted EBITDA for the company [1] - The Imagery and Software Analytics segment generated revenue of $17.5 million, a decrease of $1.6 million from the prior year, attributed to an upfront delivery of approximately $2.0 million in images for a previous project [1] - The Professional and Engineering segment reported revenue of $12.9 million in Q4 2024, showing a sequential increase due to approximately $7.0 million in deliverables under the Indonesian contract [1] - Consolidated gross margins improved to 77.4%, up from 66.2% in Q3 2024 [1] - Adjusted EBITDA significantly improved to $11.6 million from $(1.0 million) posted last year [1] Future Outlook - BlackSky has successfully launched its first Gen-3 satellite, which began delivering imagery that exceeded customer expectations for initial image quality [6] - The company has been awarded several nine-figure multi-year contracts, with one spanning 7 years [6] - For FY25, BlackSky set its revenue guidance in the range of $125.0 million to $142.0 million, driven by substantial multi-year sales opportunities [6]

Financial Data and Key Metrics Changes - In 2024, the company generated total revenue of $102.1 million, with Imagery & Software Analytical Services revenue growing to $70.1 million, driven by demand from U.S. and international government customers [35][36] - Adjusted EBITDA for 2024 was $11.6 million, a significant improvement from a loss of $1 million in 2023, marking the first full year of positive adjusted EBITDA [43][44] - Cash operating expenses for 2024 were $64.9 million, a slight increase from $63.1 million in 2023, primarily due to the integration of LeoStella [38][39] Business Line Data and Key Metrics Changes - Imagery & Software Analytical Services revenue increased by nearly $5 million with minimal cost growth, demonstrating strong operating leverage [36][37] - Professional and engineering services revenue rose to $32 million, driven by support for strategic imagery and analytics customer programs [35] Market Data and Key Metrics Changes - The company secured a seven-year contract valued at over $100 million with a strategic international customer, reflecting the essential nature of its services for national and homeland security [21][22] - Contracts totaling approximately $20 million were won to support India's earth observation capabilities, marking entry into a growing market [24] Company Strategy and Development Direction - The company is focused on expanding its Gen-3 satellite constellation, with plans to launch five additional Gen-3 satellites in 2025 and a total of at least eight within the next 12 months [18][19] - The strategy includes aggressively pursuing new major customers while expanding contracts with existing customers to unlock new revenue growth [51][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the performance of the Gen-3 satellite, which is expected to meet the needs of a rapidly evolving market, and forecasted total revenue growth of 30% in 2025 [32][48] - The company anticipates achieving a full year of adjusted EBITDA between $14 million and $22 million in 2025, supported by strong contract momentum and disciplined cost management [49] Other Important Information - The company ended 2024 with $53.8 million in cash and short-term investments, with expectations of receiving approximately $28 million in payments from major customer contracts over the next 12 months [46] - The acquisition of LeoStella allows the company to have full control over satellite manufacturing capabilities, which is crucial for the rapid deployment of the Gen-3 constellation [39][40] Q&A Session Summary Question: Implications of Gen-3 commissioning going live faster than expected - Management confirmed that the Gen-3 satellite began imaging operations within five days, with exceptional image quality exceeding customer expectations [57][58] Question: Acceleration in launch cadence and CapEx implications - Management clarified that the planned CapEx of $60 million to $70 million was part of the original strategy, with a slight acceleration due to the successful validation of the Gen-3 satellite [60][62] Question: Impact of LeoStella integration on margins - Management indicated that while there are near-term impacts from the integration, long-term efficiencies are expected to improve overall cost and economics [83][84] Question: Revenue mix and growth rates for 2025 - Management noted that growth in 2025 is expected to come primarily from existing contracts, with new customer ramp-up anticipated later in the year as Gen-3 capabilities come online [112][113] Question: Backlog and revenue recognition - Management stated that the backlog stands at approximately $390 million, with about $100 million expected to be realized in 2025 [157]

BlackSky Technology Inc. (NYSE:BKSY) Q4 2024 Earnings Conference Call March 6, 2025 8:30 AM ET Company Participants Aly Bonilla - Vice President-Investor Relations Brian O'Toole - Chief Executive Officer Henry Dubois - Chief Financial Officer Conference Call Participants Daniel Hibshman - Craig-Hallum Greg Burns - Sidoti & Company Josh Sullivan - The Benchmark Company Chris Quilty - Quilty Space Edison Yu - Deutsche Bank Jaeson Schmidt - Lake Street Capital Markets Timothy Horan - Oppenheimer Scott Buck - H ...

BlackSky Technology Inc. (BKSY) stock has performed impressively over the past six months. The stock has gained 49.8%, outperforming the industry's 45.3% rally and the 7.6% rise of the Zacks S&P 500 composite.Six Months' Price Performance Image Source: Zacks Investment Research BKSY’s performance has fallen short of its industry peers, AppLovin Corporation (APP) and Agora, Inc. (API) rallies of 253.4% and 186.3% for the same period, respectively.As of the last trading session, the stock closed at $13.2, 66. ...

BlackSky Technology Inc. (BKSY) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -39.29%. A quarter ago, it was expected that this company would post a loss of $0.61 per share when it actually produced a loss of $0.66, delivering a surprise of -8.20%.Over the last four quarters, the company ha ...

Revenue Performance - Total revenue for the full year 2024 was $102.1 million, an increase of $7.6 million or 8% from 2023[8] - Imagery and software analytical services revenue for the full year 2024 was $70.1 million, up $4.7 million or 7% over the prior year[8] - Total revenue for Q4 2024 was $30,370, a decrease of 14.0% compared to $35,508 in Q4 2023[31] - Imagery & software analytical services revenue decreased to $17,484, down 8.2% from $19,039 in the same quarter last year[31] - Professional & engineering services revenue decreased to $12,886, down 21.0% from $16,469 in Q4 2023[31] - BlackSky expects total revenue for 2025 to grow by 30% over 2024, forecasting between $125 million and $142 million[20] Profitability and Loss - Net loss for the full year 2024 was $57.0 million, compared to a net loss of $53.9 million in 2023[15] - Net loss for the year 2024 was $57,023, compared to a net loss of $53,859 in 2023, representing a 5.9% increase in losses[31] - The company reported a basic and diluted loss per share of $2.66 for 2024, compared to $3.18 in 2023, showing a reduction in loss per share[31] - Adjusted EBITDA for the full year 2024 was $11.6 million, a $12.7 million improvement from an Adjusted EBITDA loss of $1.0 million in 2023[17] - Adjusted EBITDA for the year 2024 was $11,637, compared to $(1,030) in 2023, indicating a significant improvement[37] Expenses and Costs - The cost of sales as a percentage of revenue improved to 27% for the full year 2024, compared to 36% in 2023[10] - Operating expenses for the fourth quarter of 2024 were $29.6 million, compared to $28.1 million in the fourth quarter of 2023[13] - Cash operating expenses for the year 2024 were $64,887, an increase of 2.8% from $63,142 in 2023[38] Cash Flow and Assets - Cash and cash equivalents decreased to $13,056 from $32,815 year-over-year, a decline of 60.2%[33] - Total assets increased to $254,342, up 13.5% from $224,066 in 2023[33] - Total liabilities increased to $160,158, up 22.3% from $130,907 in 2023[33] Capital Expenditures and Contracts - Capital expenditures for the full year 2024 totaled $50.2 million, with expectations for 2025 capital expenditures between $60 million and $70 million[19] - The company secured over $150 million in recent contract awards, increasing the backlog from $261 million to approximately $390 million[12] Product Development - The first Gen-3 satellite was successfully launched and began delivering imagery five days post-launch, exceeding customer expectations[2]

Company Overview - BlackSky Technology Inc. (BKSY) shares increased by 5.9% to $19.96 in the last trading session, with a notable trading volume and a total gain of 55.9% over the past four weeks, driven by rising demand for its advanced high-frequency monitoring and AI-powered analytic services [1] Earnings Expectations - The company is projected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of +30%. Expected revenues are $33.58 million, which is a decrease of 5.4% compared to the same quarter last year [2] - The consensus EPS estimate for BlackSky Technology has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - BlackSky Technology is categorized under the Zacks Technology Services industry, where CPI Card Group Inc. (PMTS) also operates. PMTS shares increased by 2.1% to $30.33, but have seen a return of -1.1% over the past month [3] - CPI Card Group's consensus EPS estimate for its upcoming report is $0.55, representing a significant year-over-year change of +139.1%, with the estimate remaining unchanged over the past month [4]