Blacksky Technology Inc. ( (BKSY) ) has released its Q3 earnings. Here is a breakdown of the information Blacksky Technology Inc. presented to its investors.
BlackSky Technology Inc. is a real-time, space-based intelligence company that provides high-frequency imagery and analytics services, primarily serving government agencies and commercial businesses worldwide. In the third quarter of 2024, BlackSky reported a 6% increase in revenue to $22.5 million, alongside strategic achievements such as securing contracts valued up to $780 million. Notable financial highlights include a 13% growth in imagery and software analytical services revenue and an adjusted EBITDA improvement to $0.7 million. BlackSky’s recent strategic wins include significant contracts with the National Geospatial-Intelligence Agency and NASA, as well as an expansion in non-Earth imaging services. The company has also progressed in its Gen-3 satellite initiative, with the first satellite ready for imminent launch. Looking ahead, BlackSky reaffirms its full-year 2024 guidance and anticipates a robust deployment of Gen-3 satellites in 2025, aiming to enhance its space-based intelligence offerings.
