BlackSky Technology (US:BKSY) Newsfile·2025-11-07 13:19Core Insights - BlackSky Technology, Inc. reported revenue of $19.6 million, an adjusted EBITDA loss of $4.5 million, and an EPS of ($0.44), which fell short of both company and consensus estimates [1] - The decline in revenue from Imagery and Software Analytical Services to $15.8 million, an 8.6% year-over-year decrease, was attributed to reduced NRO EOCL tasking and uncertainties in the U.S. government budget [1] - Professional and Engineering Services revenue decreased to $3.8 million from $5.2 million in the previous quarter, primarily due to project timing and milestone-based revenue recognition [1] - Consolidated gross margins decreased to 65.3%, down from 70.5% in the same quarter last year [1] Financial Performance - The company’s revenue of $19.6 million was significantly below the expected $29.9 million and consensus of $28.6 million [1] - Adjusted EBITDA loss of ($4.5 million) contrasts with a profit of $0.7 million in the prior year, driven by lower EOCL revenues and overhead costs associated with LeoStella [1] - The backlog of contracts stands at $322.7 million, with new wins exceeding $60 million, approximately 91% of which are international [7] Future Outlook - The company maintains an optimistic outlook for Q4, expecting stronger performance [7] - The next Gen-3 satellite is at the launch site, with cash and short-term investments totaling $147.6 million, alongside $43.4 million in unbilled contract assets [7]