8-K
filed February 28, 2024, 6:59 PM ET
ticker BKSY
CIK 0001753539
earnings
confidence high
sentiment positive
materiality 0.80
BlackSky Q4 revenue $35.5M (+83% YoY); turns positive Adjusted EBITDA $9.3M
BlackSky Technology Inc.
2023-FY EPS reported
-$0.40
revenue$94,492,000
- Q4 revenue $35.5M (+83% YoY); full-year revenue $94.5M (+45%). Net loss $3.8M vs $14.8M loss prior year.
- Achieved positive Adjusted EBITDA of $9.3M in Q4 vs -$4.6M prior year; full-year Adj. EBITDA loss $1.1M vs -$29.5M.
- Won over $265M in new multi-year contracts in 2023, including $50M from Indonesian Ministry of Defense. Backlog $262M.
- Entered into lease for new HQ in Herndon, VA (17,119 sq ft, 12-year term with rent abatement).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BlackSky Technology Inc. reported fourth quarter ended December 31, 2023 results: revenue $35.5 million.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $35.5 million
- Result
- reported results
Exact text from the filing
Inc. (“BlackSky” or the “Company”) (NYSE: BKSY) announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Highlights: • Revenue of $35.5 million, up 83% from the prior year quarter • Imagery & software analytical services revenue grew 18% over the prior year quarter • Cost of sales, as a percent of revenue, related to
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BlackSky Technology Inc. reported full year ended December 31, 2023 results: revenue $94.5 million.
- Period
- full year ended December 31, 2023
- Revenue
- $94.5 million
- Result
- reported results
Exact text from the filing
sales, as a percent of revenue, related to imagery & software analytical services improved to 17% from 24% in the prior year quarter Full Year Financial Highlights: • Revenue of $94.5 million, up 45% from the prior year • Imagery & software analytical services revenue grew 38% over the prior year • Cost of sales, as a percent of revenue, related to imagery & software
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BlackSky Technology Inc. entered into Lease with 2411 Dulles Corner Metro Owner LLC (effective 2023-11-20).
- Action
- entry
- Agreement
- lease
- Counterparty
- 2411 Dulles Corner Metro Owner LLC
- Effective
- 2023-11-20
Exact text from the filing
BlackSky Holdings, Inc. (the “Tenant”), a wholly-owned subsidiary of BlackSky Technology Inc. (the “Company”), entered into a lease agreement (the “Lease”) with 2411 Dulles Corner Metro Owner LLC, a Delaware limited liability company (the “Landlord”) on November 20, 2023
View on SEC.gov
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