Blacksky Technology Inc Stock Price, News & Analysis

BlackSky Technology reported a 49% increase in 3Q 2021 revenue to $7.9 million, with a net loss of $46.9 million, or $0.67 per share. Year-to-date revenue rose over 53% to $22.6 million, but operating losses expanded to $88.2 million. The company announced significant contract awards from NASA and NGA, along with a strategic partnership with Palantir Technologies (PLTR). However, BlackSky revised its 2021 revenue forecast to $30-$34 million due to supply chain delays. The firm maintains a cash balance of $198 million.

BlackSky (NYSE: BKSY) has secured a five-year, sole-source blanket purchase agreement with NASA to provide high revisit satellite imaging data. This partnership aims to enhance Earth's observation research, supporting projects in ecological, oceanographic, and geographic studies. CEO Brian E. O’Toole emphasized the alignment of government demand with BlackSky’s global intelligence products. The agreement is part of NASA's Commercial Smallsat Data Acquisition Program, granting researchers access to advanced imaging capabilities that promote actionable scientific insights.

BlackSky (NYSE: BKSY) has appointed Amy Minnick as Chief Commercial Officer to enhance its commercial strategy and expand its global reach. With over 20 years of experience, she aims to leverage AI-driven geospatial intelligence to meet growing market demands. CEO Brian E. O’Toole highlighted Minnick's expertise in driving significant growth initiatives. Before joining BlackSky, she held notable roles, including Chief Business Officer at Cape Analytics. This leadership change is expected to strengthen BlackSky's position in real-time global intelligence.

BlackSky (NYSE: BKSY) will release its third quarter 2021 financial results on November 12th, 2021, before market open. A conference call is scheduled for 8:30 a.m. ET the same day to discuss results and outlook. The call can be accessed at 1-877-407-0789 (domestic) or 1-201-689-8562 (international) with passcode 13724854, and also via a live webcast. A replay will be available after the call at specified numbers and online. BlackSky provides real-time geospatial intelligence and operates its own satellite constellation for global monitoring.

BlackSky (NYSE: BKSY) filed an S-1 Registration Statement with the SEC to register for resale 18.8 million PIPE shares and approximately 24.1 million shares underlying warrants, which represent less than 16% of total fully diluted outstanding shares. The warrant exercise prices exceed the current trading price for BKSY stock. This move is seen as a step to meet contractual obligations with Osprey Technology Acquisition Corp. and fulfill stockholder expectations.

BlackSky (NYSE: BKSY) has added AllSource Analysis to its authorized reseller network. This agreement will enhance the delivery of real-time geospatial analytics, enabling AllSource to utilize BlackSky’s high-revisit satellite constellation for its clients, including U.S. and foreign government agencies, as well as commercial enterprises. The collaboration aims to provide critical insights for informed decision-making. BlackSky's offerings leverage AI-driven intelligence and multiple data sources to monitor global activities and trends.

Rocket Lab has announced two dedicated Electron launches for BlackSky, scheduled for November 2021. This marks the largest commitment of satellites by BlackSky to a single launch provider. The first launch window opens from November 11-24, while the second follows on November 27. Each mission will deploy two Gen-2 satellites, enhancing BlackSky's geospatial monitoring capabilities. These launches reflect a growing partnership between Rocket Lab and BlackSky as they expand operations in low Earth orbit.

BlackSky (NYSE: BKSY) has appointed Susan M. Gordon to its Board of Directors. Gordon, a former principal deputy director of national intelligence, brings extensive experience from various roles within the intelligence community, including leadership positions at the National Geospatial-Intelligence Agency and CIA. CEO Brian E. O’Toole expressed enthusiasm for her strategic insights as the company embarks on a new growth phase. Gordon aims to leverage BlackSky's capabilities in real-time global intelligence to enhance decision-making for governments and enterprises.

BlackSky Technology Inc. announced the appointment of J.R. Riordan as Chief Revenue Officer, effective September 20, 2021. With a strong background in defense and geospatial intelligence, Riordan is expected to enhance business development and customer acquisition. Previously, he served as senior vice president at Parsons Corporation and was involved in establishing the U.S. Space Force. His expertise will be valuable in expanding BlackSky’s customer pipeline and delivering actionable geospatial insights globally.