Blacksky Technology Inc Stock Price, News & Analysis

BlackSky Technology (NYSE: BKSY) has secured a seven-figure contract expansion with HEO for non-Earth imaging (NEI) services, leveraging its Gen-2 satellite constellation for space domain awareness. The partnership, now in its fourth phase, features a fully automated tasking-to-delivery process for monitoring orbiting spacecraft and space objects.

The company's Gen-2 satellites will utilize excess capacity during ocean passes and eclipse periods to capture NEI data over Earth's middle latitudes. Through HEO's automated platform, HEO Inspect, customers can access advanced analytics including satellite attitude, location, subsystems identification, and pattern-of-life analyses. This integration, which began in 2024, enables autonomous identification of imaging opportunities and rapid tasking for space object monitoring.

BlackSky Technology (NYSE:BKSY) has secured a significant two-year Gen-3 early access agreement with an international customer who had initially signed a Gen-2 On-Demand contract just six months prior in January. The rapid expansion demonstrates strong demand for BlackSky's combined satellite imaging capabilities.

The agreement leverages BlackSky's Gen-3 satellites, which provide high-cadence 35-centimeter imagery with automated identification capabilities, complementing their Gen-2 constellation's dawn-to-dusk monitoring services. The integrated system offers comprehensive tip-and-cue utility between Gen-3 and Gen-2 systems, delivering real-time decision advantages for military and intelligence operations.

BlackSky Technology (NYSE:BKSY) reported mixed Q2 2025 results with revenue of $22.2M, matching consensus estimates, but missing on adjusted EBITDA at ($2.8M) and EPS at ($1.27). Imagery and Software Analytical Services revenue grew 2.9% year-over-year to $18.0M, while Professional Services revenue declined to $4.2M.

The company successfully launched its second Gen-3 satellite and maintains a strong $356M backlog, with 85% being international. Following an upsized $185M convertible note offering, BlackSky reaffirmed its FY25 guidance of $105M-$130M in revenue and adjusted EBITDA between breakeven and $10M, despite noting U.S. government budget uncertainties.

BlackSky Technology (NYSE:BKSY) reported Q2 2025 financial results, highlighting the successful launch of its second Gen-3 satellite delivering very-high resolution imagery within 12 hours. Total revenue was $22.2 million, with imagery and software analytical services revenue at $18.0 million. The company reported a net loss of $41.2 million.

Key developments include an upsized $185 million convertible note offering, strengthening the balance sheet with pro forma cash over $170 million. BlackSky secured a $24 million NGA contract and maintains a substantial backlog of $356 million. The company adjusted its 2025 outlook, projecting revenue between $105-130 million and break-even to $10 million in adjusted EBITDA.

BlackSky Technology (NYSE:BKSY) has announced its participation in two major investor conferences in August 2025. The company's Chief Financial Officer, Henry Dubois, will present at the Oppenheimer 28th Annual Technology, Internet & Communications Conference on August 11 at 10:45 a.m. ET virtually, and at the Canaccord Genuity 45th Annual Growth Conference on August 12 at 10:30 a.m. ET at the InterContinental Hotel in Boston.

BlackSky Technology (NYSE:BKSY) has secured the next phase of a U.S. Navy research contract to advance optical inter-satellite link (OISL) terminal applications for its Gen-3 constellation. The development focuses on enhancing the speed of high-resolution imagery and space-based data transmission between satellites.

The Gen-3 satellites will be equipped with OISL terminals compatible with both Space Development Agency's Transport Layer and commercial transport networks. These enhanced satellites are expected to deliver data 10 times faster than current systems, with data volumes 5 times greater than existing capabilities. The laser-based OISLs will create high-bandwidth, direct communication lines between satellites, offering more secure and resilient data transmission.

BlackSky Technology (NYSE: BKSY) has secured a contract to provide Gen-3 and Gen-2 monitoring services to Latin American defense and intelligence customers. The agreement offers immediate On-Demand subscription-based access to the BlackSky Spectra® tasking and analytics platform.

The service includes AI-enabled automated tip-and-cue tasking capabilities, access to BlackSky Archive imagery and analytics data, and the ability to order third-party commercial constellation data. BlackSky's platform delivers high-cadence imagery up to 15 times per day with rapid, hourly revisit rates, providing critical monitoring capabilities for tracking irregular migration and vehicle, vessel, and aircraft movements.

BlackSky Technology (NYSE:BKSY) has scheduled its second quarter 2025 earnings conference call for Thursday, August 7, 2025, at 8:30 a.m. EDT. The company will release its financial results before the call on the same day.

Investors can access the live webcast through the company's investor relations website at ir.blacksky.com under the "News & Events" section. For those joining by phone, the dial-in numbers are 1-877-589-7299 (US) or 1-201-689-8778 (International). A replay will be available until August 21, 2025, using access code 13754663.

BlackSky Technology (NYSE:BKSY) has priced an upsized $160 million offering of 8.25% Convertible Senior Notes due 2033. The offering, increased from the initially announced $125 million, includes an option for purchasers to acquire an additional $25 million in notes.

The notes will carry an 8.25% annual interest rate, payable semiannually, and feature an initial conversion rate of 27.1909 shares per $1,000 principal amount, equivalent to a conversion price of $36.78 per share - a 30% premium over the stock's last reported price. BlackSky expects net proceeds of approximately $153.7 million, which will be used to repay existing debt facilities and for general corporate purposes.