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]

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 ...

Core Viewpoint - BlackSky Technology missed analyst forecasts for both sales and earnings, yet its stock price increased by approximately 9% following the earnings report, closing above $8 [1][2]. Financial Performance - BlackSky's Q3 sales were $22.5 million, missing the forecast of $27.5 million by over 18%, and the company reported a loss of $0.66 per share compared to the expected loss of $0.65 [2][4]. - Year-to-date sales increased by 22%, but Q3 sales were only 6% higher than Q3 2023 levels, indicating a weak quarter in an otherwise strong year [4]. Contract Wins - BlackSky signed multiple multi-year contracts worth up to $780 million in future revenue, which includes a $290 million contract with the National Geospatial Intelligence Agency (NGA) and a $476 million contract with NASA [4][5]. - The two highlighted contracts account for $766 million of the total $780 million, which would represent a significant growth opportunity for the company [6]. Competitive Landscape - Both contracts were awarded to multiple winners, meaning BlackSky is one of several companies competing for the work, which may limit its actual revenue from these contracts [7][8]. - The NGA contract will be divided among 10 winners, while the NASA contract includes seven other competitors, indicating that BlackSky's share of the contracts could be significantly less than the total amounts mentioned [9][11]. Future Outlook - While there is potential for BlackSky to secure a share of the awarded contracts, expectations of receiving the full amounts are likely unrealistic, and profitability is not anticipated before 2027 [10][11].

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 ...