---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-24-000059"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:59:49.873502+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001753539-24-000059
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000059/0001753539-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000059/bksy-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-24-000059
- JSON: https://secwatch.observer/filing/0001753539-24-000059.json
- Plain text: https://secwatch.observer/filing/0001753539-24-000059.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000059/0001753539-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.