Core Insights - BlackSky Technology, Inc. (NYSE: BKSY) reported revenue of $29.5 million, adjusted EBITDA of ($0.6) million, and EPS of ($0.42), which were above consensus estimates for revenue but below for EBITDA and EPS [1] - The Imagery and Software Analytical Services segment generated $16.8 million in revenue, a decrease from $17.8 million in 1Q24, attributed to timing variability in customer project deliveries [1] - The Professional and Engineering Services segment saw revenue increase to $12.7 million from $6.4 million in 1Q24, driven by progress under a commercial Earth observation contract with India [1] - Consolidated gross margins fell to 57.4%, down from 77.4% in 4Q24, due to the sale of a previously capitalized satellite asset [1] Additional Information - Guidance for Gen-3 commercial availability is expected in 4Q25 [6] - The backlog increased by 40% from the last quarter to $366.1 million [6]