Blacksky Technology Inc Stock Price, News & Analysis

BlackSky Technology (NYSE: BKSY) has secured $13.8 million in orders within the first year of a five-year contract with the National Geospatial-Intelligence Agency (NGA) to monitor global economic activity. These awards highlight the increasing demand for commercial, real-time monitoring services that deliver actionable insights on economic indicators.

BlackSky’s platform has successfully scaled to meet customer demand, collecting thousands of observations worldwide. The company provides high-frequency imaging and analytics, integrating seamlessly into existing workflows.

BlackSky Technology (NYSE: BKSY) has been awarded the Pioneer in Space Business Award at the World Satellite Business Week Summit in Paris. This recognition by Euroconsult highlights BlackSky's innovative contributions to the earth imaging industry, particularly in dynamic monitoring and geospatial intelligence. In the past year, the company has doubled its satellite capacity and secured its largest contract, valued at over $1 billion for the next decade, reinforcing its position as a leader in real-time global intelligence.

BlackSky Technology Inc. (NYSE: BKSY) announced that CFO Henry Dubois will attend the Lake Street Capital Markets 6th Annual Best Ideas Growth Conference on September 14, 2022, at The Yale Club in New York. Mr. Dubois will be available for one-on-one meetings with registered investors throughout the day. BlackSky is a leader in real-time geospatial intelligence, providing on-demand high-frequency imagery and analytics through its advanced satellite constellation and Spectra AI software platform. The company serves various U.S. and international agencies and businesses.

BlackSky Technology Inc. (NYSE: BKSY) has received a $1.7 million call order from NASA for its imaging data services under the Commercial Smallsat Data Acquisition (CSDA) Program. This order will assess the accessibility and quality of BlackSky's dynamic data sets, supporting NASA's Earth System Science initiatives. The agreement extends over five years and enhances BlackSky's role in providing high-frequency, real-time geospatial intelligence, leveraging the Spectra AI platform for advanced data analytics.

BlackSky Technology reported a significant 105% revenue increase year-over-year, reaching $15.1 million in Q2 2022. Imagery and software analytical services constituted 88% of total revenue, growing by 161%. The company secured major contracts totaling up to $1.27 billion, enhancing its outlook with expected full-year revenue between $62 million and $66 million, marking an 88% annual growth. Despite a net loss of $26.3 million and adjusted EBITDA loss of $8.8 million, BlackSky's strong customer demand and new partnerships signal potential for future growth.

BlackSky Technology Inc. (BKSY) has entered a reseller agreement with Airbus, expanding its satellite imagery offerings. This strategic partnership enables BlackSky to provide all-weather, high-resolution imagery to meet customer demands globally, enhancing their dynamic monitoring platform. The agreement grants BlackSky rights to 23 Airbus tasking and archive products, including Pléiades Neo and SAR imagery. The collaboration aims to optimize operational monitoring for various applications. BlackSky continues to be a key player in real-time geospatial intelligence.

BlackSky Technology Inc. (NYSE: BKSY) will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with CEO Brian O’Toole presenting at 8 AM Eastern Time. The event takes place at InterContinental Boston. Interested parties can access the live webcast through BlackSky's investor relations website. Management will also hold one-on-one meetings with registered investors throughout the day.

BlackSky is a leader in real-time geospatial intelligence, operating a small satellite constellation that provides cost-effective imagery and analytics.

BlackSky Technology Inc. (NYSE: BKSY) will host a conference call to discuss its second quarter 2022 results and business outlook on August 10, 2022, at 8:30 AM ET. A press release detailing financial results will precede the call. Participants can access the live and archived webcasts through BlackSky’s investor relations website. To join the call, dial 1-877-589-7299 (domestic) or 1-201-689-8778 (international) at least ten minutes before the start. A replay will be available from 12:30 PM ET on the same day until August 24, 2022.

BlackSky Technology (NYSE: BKSY) has been awarded $4.4 million by the Intelligence Advanced Research Projects Activity (IARPA) for the second phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) Program. This funding will enhance the company's Spectra AI machine-learning platform, aimed at automating quantitative analysis of space-based imagery. The SMART program seeks to identify natural and man-made events using time-series imagery, employing sophisticated machine learning algorithms developed by BlackSky.