secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001753539-25-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackSky Q2 revenue falls 11% to $22.2M; cuts FY2025 guidance
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- Preliminary Q2 revenue $22.2M vs $24.9M YoY; imagery/software $18.0M flat; prof/eng services $4.2M down 44%.
- Six-month revenue $51.7M (+5% YoY) helped by new satellite delivery contract.
- FY2025 revenue guidance cut to $105-130M; EBITDA guidance to breakeven-$10M; cites US govt budget delays.
- Cash $94.9M (up from $42.3M) after $90M equity issuances; shares outstanding 34.85M.
- Long-term targets reaffirmed: 20-30% revenue growth, >80% imagery/software gross margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000175353925000067/0001753539-25-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000175353925000067/bksy-20250717.htm
  HTML page:      https://secwatch.observer/filing/0001753539-25-000067

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