secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001753539-23-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackSky Q2 revenue $19.3M (+28%); imagery revenue +51%; adj. EBITDA loss narrows to $5.8M; 2023 outlook $84M-$96M
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- Revenue $19.3M, up 28% YoY; imagery & software analytical services revenue $15.3M, up 51% YoY.
- Adjusted EBITDA loss narrowed to $5.8M from $8.8M loss in prior year quarter; on track for positive adj. EBITDA in Q4 2023.
- Net loss widened to $33.4M from $26.3M; includes $2.5M expense in professional & engineering services from R&D cost change.
- 2023 revenue outlook widened to $84M-$96M; full-year capex expected $40M-$45M.
- Won over $35M in new contracts since Q2, including a >$30M multi-year renewal with international defense customer; launch deal with Rocket Lab for Gen-3 in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000175353923000067/0001753539-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000175353923000067/bksy-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001753539-23-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer