BlackSky Q3 revenue up 26% to $21.3M; narrows 2023 revenue guidance to $84-90M

BlackSky Technology Inc.

2023-FY EPS reported -$0.38 revenue$58,984,000

Net income of $0.7M vs net loss of $13.1M in prior-year quarter.
Adjusted EBITDA loss narrowed to $0.4M from loss of $6.6M; on track for positive Q4 2023.
Imagery & software analytical services revenue $15.3M, up 11% YoY; professional & engineering services revenue $6.0M, up 86%.
2023 revenue guidance narrowed to $84-90M (33% YoY growth); capex expected $48-54M.
Awarded over $9M in U.S. government contract expansions and an $8M international Ministry of Defense agreement.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BlackSky Technology Inc. reported the third quarter ended September 30, 2023 results: revenue $21.3 million, net income $0.7 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $21.3 million
Net income: $0.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY) announced results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights: • Revenue of $21.3 million, up 26% from the prior year period • Imagery & software analytical services revenue grew 11% over the prior year quarter • Cost of sales, as a percent of revenue, related to

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Source: SEC EDGAR

accession 0001753539-23-000099

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