secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001753539-25-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackSky Q2 revenue declines 11%; net loss widens on $24.4M derivative charge; launches second Gen-3 satellite
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- Revenue $22.2M, down 11% YoY; imagery/software analytics revenue grew to $18.0M.
- Net loss $41.2M vs $9.4M YoY, driven by $24.4M loss on derivatives; adjusted EBITDA loss $2.8M.
- Backlog $356M (~85% international); awarded up to $24M NGA Luno A monitoring order.
- Second Gen-3 satellite launched and delivering very-high-resolution imagery; third Gen-3 in final testing.
- Completed $185M upsized convertible note offering in July; pro forma cash >$170M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000175353925000091/0001753539-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000175353925000091/bksy-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001753539-25-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer