BlackSky Q2 revenue up 29% to $24.9M; net loss narrows to $9.4M from $33.4M

BlackSky Technology Inc.

2024-Q2 EPS reported -$0.17 revenue$49,174,000

Revenue $24.9M (+29% YoY); imagery & software revenue $17.5M (+14%).
Net loss $9.4M vs $33.4M in Q2 2023; cash operating expenses down 3%.
Won $40M in new contracts/renewals including NRO EOCL extension.
First 35cm Gen-3 satellite launch planned for Q4 2024 with Rocket Lab.
Cost of sales as % of revenue improved to 28% from 44% YoY.

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