Group 1: Stock Performance and Price Targets - BlackSky Technology Inc. (BKSY) shares have increased by 7.2% over the past four weeks, closing at $6.11, with a mean price target of $16.86 indicating a potential upside of 175.9% [1] - The mean estimate includes seven short-term price targets with a standard deviation of $8.23, suggesting variability in analyst predictions; the lowest estimate is $10 (63.7% increase), while the highest is $32 (423.7% increase) [1] Group 2: Analyst Consensus and Earnings Estimates - There is strong agreement among analysts regarding BKSY's ability to report better earnings, with a positive trend in earnings estimate revisions, which historically correlates with stock price movements [2][5] - The Zacks Consensus Estimate for the current year has risen by 5.7% over the past month, with two estimates increasing and no negative revisions [5] Group 3: Price Target Reliability - Price targets can mislead investors, as empirical research shows they rarely indicate actual stock price movements; analysts often set overly optimistic targets due to business incentives [3][4] - A low standard deviation in price targets indicates a high degree of agreement among analysts, which can serve as a starting point for further research into fundamental drivers [4]

BlackSky Technology Inc. (BKSY) shares soared 8.8% in the last trading session to close at $5.43. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.4% loss over the past four weeks. The stock is benefiting from the rising demand for differentiated space-based intelligence solutions from new and existing government customers across the globe. This company is expected to post quarterly loss of $0.61 per share in its upcoming repor ...

Dallas, Texas--(Newsfile Corp. - August 9, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Revenue increased 29% year over year Awarded a $7.0M new contract Gen 3 satellites on track to begin launching in 4Q24 Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading cap ...

Satellite Operations and Technology - BlackSky operates a high-performance low earth orbit small satellite constellation capable of imaging critical locations approximately every 90 minutes, providing situational awareness throughout the day [83]. - The company expects to launch its next generation satellites (Gen-3) in Q4 2024, which will enhance imaging resolution and include short wave infrared technology for improved performance in low-light conditions [83]. - The company employs proprietary AI and machine learning techniques to analyze data from its satellite constellation and third-party sources, enhancing the value of its analytics offerings [83]. - The company emphasizes the importance of its satellite constellation and BlackSky Spectra platform as mutually reinforcing assets that enhance customer value [83]. Revenue Generation and Growth - Revenue is generated from imagery and software analytics services, with a focus on subscription contracts and usage-based pricing, allowing flexibility for customers [85]. - BlackSky anticipates continued revenue growth year over year due to increased sales orders from both new and existing customers [88]. - Professional and engineering services revenue is expected to contribute meaningfully, primarily from contracts with U.S. and international defense and intelligence customers [88]. - BlackSky's services target various commercial markets, including energy, insurance, logistics, and agriculture, indicating potential for market expansion [85]. - Total revenue for the three months ended June 30, 2024, was $24,938 thousand, a 29.0% increase from $19,327 thousand in the same period of 2023 [93]. - Imagery & software analytical services revenue increased by 14.0% to $17,469 thousand for the three months ended June 30, 2024, compared to $15,328 thousand in 2023 [93]. - Professional & engineering services revenue surged by 86.8% to $7,469 thousand for the three months ended June 30, 2024, up from $3,999 thousand in 2023 [93]. Financial Performance - Operating loss improved to $(11,721) thousand for the three months ended June 30, 2024, a 41.2% reduction from $(19,919) thousand in the same period of 2023 [93]. - Net loss decreased to $(9,397) thousand for the three months ended June 30, 2024, compared to $(33,431) thousand in 2023, reflecting a 71.9% improvement [93]. - Adjusted EBITDA for the three months ended June 30, 2024, was $2.1 million, compared to an adjusted EBITDA loss of $5.8 million in the same period last year [114]. - For the three months ended June 30, 2024, the net loss was $9.4 million, a significant improvement from a net loss of $33.4 million for the same period in 2023 [114]. Operating Expenses and Investments - Operating expenses include selling, general, and administrative costs, as well as research and development expenses related to the BlackSky Spectra software platform [90]. - The company plans to continue investing in research and development to maintain its competitive position [91]. - Research and development expenses increased by 62.5% to $286 thousand for the three months ended June 30, 2024, compared to $176 thousand in 2023 [93]. - Selling, general, and administrative expenses decreased by $554,000 (3.0%) for the three months ended June 30, 2024, compared to the same period in 2023, primarily due to lower corporate insurance premiums and reduced headcount [100]. - Salaries and benefits costs decreased by $352,000 (3.3%) for the three months ended June 30, 2024, compared to the same period in 2023 [100]. - Stock-based compensation expense increased by $75,000 (3.5%) for the three months ended June 30, 2024, compared to the same period in 2023 [100]. Cash Flow and Financial Position - As of June 30, 2024, cash and cash equivalents totaled $25.6 million, down from $32.8 million as of December 31, 2023 [115]. - The company had an accumulated deficit of $624.2 million as of June 30, 2024 [115]. - Current assets as of June 30, 2024, were $82.4 million, while current liabilities were $19.7 million, indicating sufficient working capital [119]. - Net cash used in operating activities for the six months ended June 30, 2024, was $5.6 million, a decrease from $15.6 million in the same period in 2023 [122]. - The company raised $2.9 million from equity issuances in the six months ended June 30, 2024, compared to $29.4 million in the same period in 2023 [126]. Contract and Revenue Recognition - Revenue is classified into imagery and software analytical services, and professional and engineering services based on performance obligations [130]. - Imagery and analytics revenue is recognized ratably over the subscription period, while professional services revenue is recognized based on time and materials or fixed-price contracts [131]. - Changes in estimates for contract profitability can lead to recognition of revenue in the current period for prior performance obligations [131]. - The estimation of total costs at completion for contracts requires significant judgment and can affect revenue recognition [131]. Financial Instruments and Valuation - Equity-based compensation includes stock options, restricted stock awards, and restricted stock units, with fair values estimated using the Black-Scholes model [133]. - Private Placement Warrants and Sponsor Shares are classified as long-term liabilities and recorded at fair value, requiring inputs such as stock price and risk-free interest rate [136]. - The fair value of financial instruments is re-measured at each reporting date, impacting gain or loss on derivatives [136].

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $24.9 million, a 29% increase year-over-year, driven by strong demand for imagery and analytics services [19][6] - Adjusted EBITDA for Q2 2024 was $2.1 million, an increase of $7.9 million compared to the prior year, marking the third consecutive quarter of positive adjusted EBITDA [22][6] - Cash operating expenses were $16.3 million, a $500,000 improvement year-over-year, reflecting ongoing reductions in general corporate costs [21][6] Business Line Data and Key Metrics Changes - Imagery and analytics revenue grew to $17.5 million, a 14% increase year-over-year, primarily due to incremental customer orders [19][6] - Professional & Engineering Services revenue increased to $7.4 million, an 87% year-over-year increase, driven by the execution of major international contracts [19][6] Market Data and Key Metrics Changes - Revenues from international customers more than doubled year-over-year, now representing 40% of total business [12][6] - The company secured $40 million in new awards and extensions in Q2, indicating strong customer demand from both US and international government agencies [6][6] Company Strategy and Development Direction - The company is focused on expanding its customer base through the Global Data Marketplace (GDMP), which allows government agencies to quickly access commercial data and analytics services [10][6] - The Gen-3 satellite constellation is in the final stages of assembly, with the first satellite planned for launch in late Q4 2024, expected to enhance the company's service offerings significantly [15][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for space-based intelligence solutions, particularly as geopolitical conditions drive investment in these capabilities [10][6] - The company maintains its full-year 2024 guidance of revenue between $102 million to $118 million, anticipating a strong second half of the year [23][6] Other Important Information - The company ended Q2 2024 with $42.3 million in cash and short-term investments, providing sufficient liquidity for future operations [22][6] - The production of Gen-3 satellites is on track, with a focus on maintaining a steady launch cadence starting in 2025 [16][6] Q&A Session Summary Question: Can you provide more details on the imagery and software growth this quarter? - Management noted that imagery and analytics revenues typically see a step-up in the second half of the year due to budget cycles and renewals, explaining the sequential decline [26][6] Question: Is the GDMP vehicle incremental to existing contracts? - Management confirmed that the GDMP is a separate and incremental sales channel, allowing for a broader range of services beyond existing contracts [27][6] Question: What is the launch cadence for Gen-3 satellites? - The first few satellites will be launched separately, with a commissioning time of about 60 days before moving to a steady cadence of launches [28][6] Question: How much of the backlog is tied to Gen-3 capabilities? - A significant portion of the backlog is tied to Gen-3, with the EOCL contract heavily backloaded on Gen-3 services [32][6] Question: What is the current environment for acquiring AI talent? - The company has had good success in recruiting and retaining AI talent, driven by the exciting nature of their work in space and intelligence [45][6] Question: What are the expectations for CapEx in 2025? - Management indicated that CapEx guidance for 2025 will be provided later, but they expect it to normalize after significant Gen-3 investments [41][6] Question: How does pricing work in the GDMP program? - The GDMP allows customers to request proposals, creating a competitive and streamlined acquisition model for services [49][6]

BLACK(SKY August 8, 2024 BLACKSKY Q2 2024 EARNINGS WEBCAST © BlackSky 2024. All rights reserved. Public information. 1 Legal Disclaimers FORWARD-LOOKING STATEMENTS Certain statements in this presentation may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. Words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "wil ...

BlackSky Technology Inc. (BKSY) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.11, delivering a surprise of -37.50%. Over the last four quarters, the company ...

BLACKSKY REPORTS SECOND QUARTER 2024 RESULTS Q2 Total Revenue Increases 29% Over Prior Year Period Company Wins $40 Million in New Contracts and Renewal Agreements First 35cm Very High Resolution Gen-3 Satellite Planned for Launch in Q4 HERNDON, VA – August 8, 2024 – BlackSky Technology Inc. ("BlackSky" or the "Company") (NYSE: BKSY) announced results for the second quarter ended June 30, 2024. Second Quarter Financial Highlights: • Revenue of $24.9 million, up 29% from the prior year quarter • Imagery & so ...

Let me give you a silly example but one that makes sense. Your typical economy car may hit 60 miles per hour from standstill around the seven-second mark. A high-powered German luxury coupe may do it in under four seconds. Both vehicles can eventually get to 60 miles per hour. It's just that one gets you there a lot quicker. Source: Shutterstock It's also worth noting for speculators that shares trade hands at 0.41X trailing-year sales. Between the first quarter of 2023 to Q1 2024, the average metric stood ...

Dallas, Texas--(Newsfile Corp. - May 23, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners initiates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). To view the full announcement, including downloadable images, bios, and more, click here. Stonegate Capital Partners (214) 987-4121 info@stonegateinc.com Source: Stonegate, Inc. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210310 Revenue increased 31.7% year over year Awar ...