BlackSky Technology (BKSY 10.64%) stock has gained 42% over the past 52 weeks -- and its run is not yet done.On Tuesday, the Earth observation satellite operator posted a 15% gain through 3 p.m. ET, after announcing a "six-figure contract ... to provide immediate, subscription-based on-demand Gen-2 imagery and analytics services" to an international customer. BlackSky's "big" newsHow big is a "six-figure" contract? Big enough that I wouldn't mind winning one, to be sure. But for a space stock like BlackSky, ...

Editor's note: Seeking Alpha is proud to welcome Litong Tian as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.I am Liam Litong Tian, a young investor from San Diego, California. I have dabbled in investing over the past few years, and believe that it is a vital tool for acquiring wealth. I am deeply interested in real estate, professional services, eme ...

Core Insights - BlackSky Technology has signed a $100 million contract with an unidentified strategic international defense sector customer, leading to an 11.2% increase in its stock price [1] - The contract is an extension of an existing relationship and will run for seven years, covering high-resolution imagery and AI-enabled analytics services [2][4] - The customer will receive advanced imagery services as they become available, indicating a priority access arrangement [3] Financial Implications - The $100 million contract is spread over seven years, translating to an annual revenue of approximately $14 million [4] - Prior to this announcement, BlackSky had annual sales of $107 million, making the additional revenue significant but not necessarily justifying a 32% market cap increase [5] - The current stock price increase of 10% to 11% appears to be a more reasonable market reaction to the news [5]

Space investing is hard. It gets easier when you can buy space stocks for cheap prices.What a long, strange trip it's been since space stocks stormed onto the stock market in 2021.Back in the dog days of the pandemic -- when most of America was quarantining, and many of us were day trading in meme stocks with government-issued COVID checks -- a series of unprofitable space companies decided to go public via the sketchy route of reverse-merging into already listed special purpose acquisition companies (SPACs ...

BlackSky Technology Inc. (BKSY) stock has shown an impressive performance over the past six months. The stock has gained 20.2%, underperforming the 40.5% rally of the industry but outpacing the 13.1% rise of the Zacks S&P 500 composite.Six Months Price Performance Image Source: Zacks Investment Research BKSY’s performance is stronger than that of its competitors, Mistras Group, Inc. (MG) and Forrester Research, Inc. (FORR) . MG has risen 5.6%, but FORR has declined by 5.9% over the same periodAs of the last ...

Investors who bought after BlackSky's earnings miss may have failed to read the fine print.BlackSky Technology (BKSY 3.37%) missed analyst forecasts for both sales and earnings earlier this month, but investors didn't seem to mind very much. Shares of the commercial spy satellite operator actually closed out last week above $8, gaining about 9% from their pre-earnings price. Considering that this space stock missed analyst sales forecasts by more than 18% (sales were $22.5 million rather than the $27.5 mill ...

Shares of BlackSky Technology Inc. (BKSY) have gained 64.4% over the past four weeks to close the last trading session at $10.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $15.86 indicates a potential upside of 48.6%.The mean estimate comprises seven short-term price targets with a standard deviation of $8.76. While the lowest estimate of $9 indicates a 15.7% decline from ...

Dallas, Texas--(Newsfile Corp. - November 8, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). BlackSky reported revenue, adj EBITDA, and EPS of $22.5M, $0.7M, and ($0.66), respectively. This compares to our/consensus estimates of $29.2M/$27.5M, $3.7M/$3.1M, and ($0.08)/($0.49). This marks the fourth quarter in a row of positive adjusted EBITDA, driven by revenue growth and strong operating leverage. The revenue grow ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 ____________________________ ...

Financial Data and Key Metrics - Year-to-date revenue for 2024 was $71.7 million, an increase of $12.7 million or 22% over the prior year period [42] - Year-to-date imagery and analytics revenue was $52.6 million, an increase of $6.2 million or 13% over the prior year period [44] - Year-to-date professional and engineering services revenue was $19.1 million, an increase of $6.5 million or 52% over the prior year period [45] - Adjusted EBITDA for year-to-date 2024 was $4.3 million compared to an adjusted EBITDA loss of $10.3 million in the prior year period, a strong year-over-year improvement of $14.6 million [52] - The company ended Q3 2024 with $64.4 million of cash, restricted cash, and short-term investments [54] Business Line Performance - The company delivered its fourth consecutive quarter of positive adjusted EBITDA, driven by high-margin imagery and analytics revenue [12] - The Luno A contract, valued up to $290 million, was awarded by the National Geospatial Intelligence Agency (NGA) [15] - A $476 million multi-year IDIQ contract was awarded by NASA to support their commercial small-sat data acquisition program [19] - A $6 million contract expansion was signed with a long-time international defense sector customer, increasing their total annual contract value to nearly $18 million [21] - Seven-figure contracts were awarded for the new non-Earth imaging services offering [30] Market Performance - Strong growth from U.S. defense and intelligence agencies, with demand for high-frequency imagery and advanced analytics [15] - Increasing opportunities through the Global Data Marketplace (GDMP), which is becoming a long-term, viable sales distribution channel [25] - Contracts awarded with multiple U.S. government customers for integrating optical inter-satellite link terminals (OISL) into Gen 3 satellites [25] - New non-Earth imaging services offering launched, with contracts awarded to government and commercial customers [29][30] Company Strategy and Industry Competition - The company is focused on scaling production of Gen 3 satellites to support a regular launch cadence beginning in 2025 [39] - The acquisition of the partner stake in LeoStella aims to optimize the Gen 3 supply chain and production operations [40] - The company is leveraging its advanced AI technology and multi-inch Spectra software platform to deliver real-time and mission-critical insights [18] - The new non-Earth imaging services offering is expected to expand over time, with increasing demand for data services to support space domain awareness (SDA) missions [34] Management Commentary on Operating Environment and Future Outlook - The company expects to deliver strong Q4 results and remain on track to meet full-year revenue and adjusted EBITDA goals [12] - The company is maintaining its full-year 2024 guidance of revenue between $102 to $118 million, adjusted EBITDA of between $8 to $16 million, and capital expenses of between $55 to $65 million [58] - The company is excited about the transformative solutions that the Gen 3 satellite constellation will deliver, unlocking the next phase of growth [38] - The company is seeing growing demand for its space-based intelligence solutions, with near-record multi-year contract bookings in Q3 [59] Other Important Information - The company won the 2024 Leading Earth Observation Business Award by Nova Space [13] - The first very high-resolution Gen 3 satellite is in the final testing phase and is expected to ship to the launch site in the next few weeks [35] - The company successfully completed an equity capital raise in late September, generating $46 million in gross proceeds [53] Q&A Session Summary Question: Revenue Push from Q3 to Q4 - Some revenue was pushed from Q3 to Q4 due to timing delays related to new customer contract wins and the associated ramp-up of imagery and analytic revenues [62] Question: Bookings Activity in Q3 and Q4 - The strong bookings activity in Q3 was primarily driven by existing capabilities, not specifically related to Gen 3 [63] - The company is seeing growing demand, with typical government contract cycles remaining consistent [69] Question: Milestone Payments and Gen 3 Launch Costs - Milestone payments are expected to be somewhat lumpy over the next 12 months [67] - No significant changes in OpEx are expected with the Gen 3 launches, as the same ground network and infrastructure will be used [68] Question: Operating Leverage in 2025 - The company expects to see smoother and growing imagery and analytics revenues as Gen 3 capability comes online, though some lumpiness will remain due to professional engineering projects [71][72] Question: OISL Design in Gen 3 - The OISL design is being integrated into Gen 3, with a focus on delivering high-frequency, low-latency intelligence solutions [74][75] Question: Q4 Revenue Ramp - The Q4 revenue ramp is expected to be driven by long-term customer renewals and the closing of larger deals [79] Question: Gen 2 Satellite Life and Decommissioning Costs - Gen 2 satellites are expected to continue performing well through 2025 and into 2026, with no material incremental decommissioning costs [85] Question: Non-Earth Imaging Offerings - The new non-Earth imaging offerings leverage existing satellite capacity and are expected to generate incremental high-margin imagery and analytics revenues [86][87] Question: Baseline Gen 3 Constellation - The baseline Gen 3 constellation is expected to maintain 12 to 14 satellites, with potential expansion based on demand [90] Question: LeoStella Partnership - The company acquired its partner's stake in LeoStella to optimize Gen 3 production, with BlackSky remaining the primary customer [91][93] Question: Luno A Contract and NEI SSA Market - The Luno A contract includes a mix of imagery and analytics providers, with BlackSky well-positioned to capitalize on the program [95] - The NEI SSA market is seeing significant demand, with the company already winning seven-figure contracts and expecting continued growth [97][98]