BlackSky Q1 revenue up 32% to $24.2M; Adj. EBITDA turns positive $1.4M

BlackSky Technology Inc.

2024-Q1 EPS reported -$0.11 revenue$24,236,000

Total revenue $24.2M (+32% YoY); imagery & software services $17.8M (+13%); professional & engineering $6.4M (+143%).
Adj. EBITDA $1.4M vs ($4.1M) in Q1 2023; net loss narrowed to $15.8M from $17.3M.
Won $30M in new contracts and renewals; includes $24M Air Force Research Laboratory contract for moving target engagement.
Continued Gen-3 satellite progress toward planned launch later this year.
Secured $20M commercial bank line for financial flexibility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

BlackSky Technology Inc. reported first quarter ended March 31, 2024 results: revenue $24.2 million, net income $15.8 million.

Period: first quarter ended March 31, 2024
Revenue: $24.2 million
Net income: $15.8 million
Result: reported results

Exact text from the filing

First Quarter Financial Highlights: • Revenue of $24.2 million, up 32% from the prior year quarter • Imagery & software analytical services revenue grew 13% over the prior year quarter • Cost of sales, as a percent of revenue, related to imagery & software analytical services improved to 19% from 23% in the prior year quarter “Strong execution combined with growing global demand for our space-based intelligence solutions drove a 32% increase in first quarter revenues versus the prior year period,” said Brian E.

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Source: SEC EDGAR

accession 0001753539-24-000059

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