BlackSky Technology (BKSY) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Q1 2025 revenue reached $29.5 million, a 22% year-over-year increase[36] - Q1 adjusted imagery and analytics cost of sales was $3.8 million, a slight increase of $0.4 million from the prior year quarter[39] - Q1 adjusted EBITDA loss was $0.6 million, down $2.0 million from the prior year quarter, but would have been $2.0 million excluding LeoStella overhead expenses[41] - Cash balance in Q1 2025 was $77.0 million, up 115% over the prior year quarter[44] Backlog and Contracts - Backlog increased to $366 million in Q1, up nearly 50% compared to the prior year quarter[17] - Over $130 million in new contracts and renewal agreements were awarded in Q1[15] Gen-3 Satellite Program - The first Gen-3 satellite is fully commissioned and exceeding performance expectations[15] - The second Gen-3 satellite is being shipped and is on track for a Q2 launch[15] - The company expects to have 8 Gen-3 satellites on orbit by early 2026[27]