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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, 2022 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, Inc. (NYSE:BKSY) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Aly Bonilla - VP, IR Brian O’Toole - CEO, President & Director Henry Dubois - CFO Conference Call Participants Joshua Sullivan - The Benchmark Company Scott Deuschle - Crédit Suisse Edison Yu - Deutsche Bank Austin Moeller - Canaccord Genuity Caleb Henry - Quilty Analytics Colin Canfield - Barclays Operator Good morning, ladies and gentlemen, and welcome to BlackSky Technology's Third Qua ...

| --- | --- | --- | |-------|-------|-------------------------------------------------------------------| | | | | | | | © BlackSky 2022. All rights reserved. Confidential & Proprietary. | Legal Disclaimer 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, ...

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 June 30, 2022 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 Inc. (NYSE:BKSY) Q2 2022 Earnings Conference Call August 10, 2022 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 Jason Schmidt - Lake Street Capital Colin Canfield - Barclays Josh Sullivan - Benchmark Scott Deuschle - Credit Suisse Chris Quilty - Quilty Analytics Operator Good morning, ladies and gentlemen, and welcome to BlackSky Technologies Seco ...

BLACK SKY BLACKSKY Q2 2022 EARNINGS WEBCAST August 10, 2022 © BlackSky 2022. All rights reserved. Confidential & Proprietary. 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 ...

Financial Data and Key Metrics Changes - The company reported record revenues of $13.9 million for Q1 2022, representing a 91% increase year-over-year, marking the largest growth rate in nine quarters [18][21][41] - Adjusted EBITDA loss was $9.5 million in Q1 2022, compared to a loss of $6.2 million in the prior year period [45] - Gross margin improved to approximately 28% in Q1 2022, up from about 24% in the same period last year [43] Business Line Data and Key Metrics Changes - Imagery and software analytical services revenue grew to $7.4 million, driven primarily by new and existing government contracts, accounting for approximately 70% of total revenues [41] - Engineering and systems integration revenue increased to $4.1 million, primarily due to higher completion percentages of satellite contracts [42] Market Data and Key Metrics Changes - Demand for real-time imagery and analytics services surged, particularly from U.S. government and international markets, with significant increases in orders from existing customers [23][29] - The company experienced strong demand growth in regions outside Eastern Europe, particularly in Asia Pacific and the Middle East [17][29] Company Strategy and Development Direction - The company aims to leverage its software-first strategy, combining a high-performance satellite constellation with advanced analytics to differentiate itself in the market [9][10] - The strategic advisory group was formed, including national security leaders, to guide the company's national security strategy [19] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing global demand for real-time geospatial intelligence, particularly in light of the crisis in Ukraine, which has underscored the importance of their services [8][47] - The company reiterated its full-year revenue outlook for 2022, projecting revenues between $58 million and $62 million, representing a year-over-year growth of 76% [48] Other Important Information - The company launched two additional satellites in April 2022, expanding its constellation to 14 satellites, which enhances its imaging capacity and revisit performance [36][38] - The company has $138.4 million in cash at the end of Q1 2022, with capital expenditures of $13.4 million primarily for satellite development [46] Q&A Session Summary Question: Can you walk us through the gross margin performance and the drivers behind it? - Management indicated that gross margin improvement was driven by increased high-margin revenues from monitoring, analytics, and imagery, with expectations for continued improvement as revenues grow [54][56] Question: What drove the decrementals in engineering integration? - Management explained that engineering integration involves building satellite constellations, which can lead to variable revenue due to the nature of large contracts [59] Question: What is the outlook for cash flow breakeven? - Management did not provide specific guidance on cash flow breakeven but emphasized ongoing investments in sales and software while managing costs responsibly [76][79] Question: Can you provide details on the longer life of satellites? - Management noted that initial estimates for satellite life were conservative, and with operational experience, they expect longer lifespans than originally anticipated [81][83] Question: What does the pricing environment look like? - Management indicated a favorable pricing environment due to strong demand and limited capacity from legacy providers, which is beneficial for the company [85]

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 March 31, 2022 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 ________________________________ ...

Table of Contents 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, 2021 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 ___________________________________ B ...