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BlackSky Technology Inc. - BKSY STOCK NEWS

Welcome to our dedicated page for BlackSky Technology news (Ticker: BKSY), a resource for investors and traders seeking the latest updates and insights on BlackSky Technology stock.

BlackSky Technology Inc. (NYSE: BKSY) is revolutionizing our ability to monitor and understand the world through real-time geospatial intelligence. Founded in 2013 and a wholly-owned subsidiary of Spaceflight Industries, BlackSky operates a planned 60-satellite constellation designed to capture high-quality satellite imagery and cover over 95% of the Earth's populated areas. This constellation provides near real-time satellite imagery, enabling businesses, nonprofits, and governments to make informed decisions.

The company's services are indispensable for monitoring and analyzing key economic assets, strategic locations, and global events. BlackSky's innovative Spectra AI software platform processes data from its constellation and other third-party sensors to generate actionable intelligence. This software is pivotal for delivering on-demand, high-frequency imagery and analytics that meet the specific needs of its customers.

Recently, BlackSky has achieved significant milestones, including a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals. The company is also on track to launch its next generation of satellites (Gen 3) in the upcoming fiscal year, further enhancing its imaging capabilities.

BlackSky operates globally, with a presence in North America, the Middle East, Asia, and other regions. Its parent company, Spaceflight Industries, under the leadership of founder Jason Andrews, aims to be a catalyst in the commercialization, exploration, and development of space.

Recent news highlights the growing interest in BlackSky, with Stonegate Capital Partners initiating coverage on the company. Stonegate Capital Partners is a leading firm offering investor relations, equity research, and institutional investor outreach services, further validating BlackSky's market potential and operational excellence.

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BlackSky Technology Inc. (NYSE: BKSY) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Thursday, August 8, 2024, at 8:30 a.m. EDT. The company will release a press release with its financial results prior to the call. Investors and interested parties can access the live webcast through the company's investor relations website or by dialing in.

To participate in the conference call, attendees should dial 1-800-715-9871 or 1-646-307-1963 using conference ID 5380118 or 'BlackSky'. A replay of the call will be available from approximately 12:30 p.m. EDT on August 8, 2024, through August 22, 2024, by dialing 1-877-660-6853 or 1-201-612-7415 with access code 13748009.

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BlackSky Technology (NYSE: BKSY) will participate in the Jefferies Annual Virtual Space Summit on June 25, 2024. The event will feature a fireside chat at 1:40 p.m. ET with Henry Dubois, the company's Chief Financial Officer. This virtual event offers an opportunity for investors to engage directly with BlackSky's leadership and gain insights into the company’s strategies and operations. Interested parties can contact the sponsoring firm's sales representative to schedule one-on-one meetings with BlackSky Technology.

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BlackSky Technology (NYSE: BKSY) has been awarded a one-year extension contract from the National Reconnaissance Office (NRO) to deliver high-frequency Gen-2 imagery services under the Electro-Optical Commercial Layer (EOCL) subscription. This extension underscores the NRO's confidence in BlackSky’s capabilities in leveraging commercial space technology for national security. BlackSky, the first to integrate and validate performance within the new U.S. government imagery management architecture, continues to provide advanced space-based intelligence with rapid, hourly revisit rates, delivering up to 15 daily time-diverse imagery and analytics. The 10-year EOCL contract, now in its third year, confirms the value of BlackSky's real-time monitoring approach.

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BlackSky Technology has secured a $7 million contract renewal to supply space-based imagery and analytics services to a longstanding international government customer.

CEO Brian E. O'Toole highlighted the company's unique ability to deliver high-frequency, low-latency imagery and analytics through its proprietary AI-assisted tasking-to-delivery systems.

The contract enables the customer to access high-resolution, electro-optical imagery and analytics via the BlackSky Spectra platform, which supports real-time data integration from multiple sources and offers day and night, all-weather coverage.

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Stonegate Capital Partners has initiated coverage on BlackSky Technology (NYSE: BKSY) as of May 23, 2024. The key highlights include a 31.7% year-over-year increase in revenue and the securing of $30 million in new contract and renewal agreements. Additionally, BlackSky's Gen 3 satellites are scheduled to start launching in fiscal year 2024.

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BlackSky Technology Inc. (NYSE: BKSY) reported a 32% increase in total revenue for the first quarter of 2024 compared to the prior year. The company secured $30 million in new contracts and renewal agreements, showcasing strong demand for its space-based intelligence solutions. Revenue reached $24.2 million, with imagery and software analytical services revenue growing 13%. Cost of sales improved to 19% from 23% in the prior year quarter. BlackSky continues to demonstrate operating leverage and aims for sustainable long-term growth.

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BlackSky Technology Inc. (BKSY) will host a conference call on May 8, 2024, to discuss its first quarter financial results and business outlook. The live webcast and archived webcast link will be available on the investor relations website. Participants can access the call by dialing the provided numbers with the conference ID. A replay will also be available for a time.
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BlackSky Technology Inc. (BKSY) secures a $24 million contract from the Air Force Research Laboratory to develop moving target engagement services using AI and machine learning. The company aims to demonstrate information fusion in a hybrid setting using multiple government ISR and commercial data sources.
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BlackSky Technology Inc. (BKSY) has been nominated for Via Satellite’s 2023 Satellite Technology of the Year Award for its innovative platform, Spectra, offering real-time intelligence with rapid tasking and AI-driven analytics. Spectra provides dynamic full-spectrum monitoring from space, delivering insights and analytics at scale. BlackSky's satellites ensure low-latency tasking and fast collection-to-delivery timelines of under 90 minutes, with hourly revisit rates up to 15 times per day.
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BlackSky (BKSY) secures a multi-million dollar contract with the U.S. Department of Defense to provide annotated burst images for training moving target artificial intelligence models, aiming to enhance analytic accuracy and decrease development time.
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FAQ

What does BlackSky Technology Inc. do?

BlackSky Technology Inc. provides real-time geospatial intelligence through high-frequency satellite imagery, monitoring, and analytics.

When was BlackSky Technology Inc. founded?

BlackSky Technology Inc. was founded in 2013.

What are the recent achievements of BlackSky Technology Inc.?

Recent achievements include a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals.

What is the Spectra AI software platform?

Spectra AI is a software platform that processes data from BlackSky's constellation and third-party sensors to generate actionable intelligence.

Who is the parent company of BlackSky Technology Inc.?

The parent company is Spaceflight Industries.

In which regions does BlackSky operate?

BlackSky operates in North America, the Middle East, Asia, and other regions.

What is the significance of BlackSky's 60-satellite constellation?

The 60-satellite constellation aims to capture high-quality imagery of over 95% of the Earth's populated areas, enabling real-time monitoring and decision-making.

What is the latest news about BlackSky Technology Inc.?

Stonegate Capital Partners has recently initiated coverage on BlackSky Technology Inc., noting significant revenue growth and new contracts.

What are the applications of BlackSky's geospatial intelligence services?

Applications include monitoring strategic locations, economic assets, and global events, aiding businesses, nonprofits, and governments.

Who founded Spaceflight Industries?

Spaceflight Industries was founded by Jason Andrews.

BlackSky Technology Inc.

NYSE:BKSY

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