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BlackSky Technology (BKSY)
NYSE:BKSY
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.29Last Year’s EPS
-$0.24Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 40.95%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a predominantly positive outlook with strong revenue growth, significant contract wins, and positive adjusted EBITDA. However, there were some challenges with revenue timing delays and lumpiness in revenue recognition.Company Guidance
During BlackSky Technology's Q3 2024 earnings call, the company provided key financial metrics and forward guidance, highlighting a year-to-date revenue of $71.7 million, a 22% increase over the prior year, and a $45 million raise in growth capital to fund their Gen-3 satellite constellation. They reported securing new and follow-on contracts valued at up to $780 million, including a significant $290 million contract with the National Geospatial-Intelligence Agency and a $476 million contract with NASA. BlackSky achieved a fourth consecutive quarter of positive adjusted EBITDA, totaling $4.3 million year-to-date, and maintained their full-year 2024 revenue guidance at $102 million to $118 million, with adjusted EBITDA expected between $8 million and $16 million. The company emphasized strong demand for their space-based intelligence solutions and anticipated a robust Q4 performance, partially driven by new product offerings in non-Earth imaging services.Strong Revenue Growth
Year-to-date revenue for 2024 was $71.7 million, an increase of $12.7 million or 22% over the prior year period.
Significant Contract Wins
New and follow-on contracts valued at up to $780 million, including a $290 million contract with the National Geospatial-Intelligence Agency and a $476 million contract with NASA.
Positive Adjusted EBITDA
Fourth consecutive quarter of positive adjusted EBITDA, with year-to-date adjusted EBITDA at $4.3 million, improving by $14.6 million year-over-year.
Capital Raise
Raised over $45 million in growth capital to fully fund the baseline Gen-3 constellation.
Award Recognition
Won the 2024 Leading Earth Observation Business Award by Novaspace.
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BKSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $7.57 | $7.65 | +1.06% |
| Aug 08, 2024 | $0.93 | $1.06 | +13.98% |
| May 08, 2024 | $1.27 | $1.17 | -7.87% |
| Feb 28, 2024 | $1.64 | $1.47 | -10.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BlackSky Technology (BKSY) report earnings?
BlackSky Technology (BKSY) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is BlackSky Technology (BKSY) earnings time?
BlackSky Technology (BKSY) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKSY EPS forecast?
BKSY EPS forecast for the fiscal quarter 2024 (Q4) is -$0.29.
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