earnings
confidence high
sentiment positive
materiality 0.65
BlackSky Q3 revenue $22.5M (+6% YoY); awards $780M YTD; Gen-3 satellite nearing launch
BlackSky Technology Inc.
2024-Q3 EPS reported
-$2.05
revenue$71,723,000
- Revenue $22.5M (+6% YoY); imagery & software analytical services $17.3M (+13% YoY).
- Cost of sales margin improved to 29% vs 32% YoY; cash operating expenses flat at $15.6M.
- YTD new contract awards up to $780M, including $290M NGA and $476M NASA contracts.
- Raised >$45M to fully fund baseline Gen-3 constellation; first Gen-3 satellite in final testing, launch expected ~4 weeks.
- Reaffirms full-year 2024 guidance; wins Novaspace Leading Earth Observation Business Award.