Blacksky Technology Inc Stock Price, News & Analysis

BlackSky Technology (NYSE: BKSY) reported its Q4 and full year 2024 results, highlighting the successful launch of its first Gen-3 very-high resolution satellite. The company achieved full-year revenue of $102.1 million, with imagery and software analytical services revenue growing to $70.1 million.

Key financial metrics include a net loss of $57.0 million and improved Adjusted EBITDA of $11.6 million. The company secured over $150 million in recent contract awards, including a $100 million seven-year subscription contract for Gen-2 and Gen-3 satellite imagery with an international customer.

BlackSky's backlog increased from $261 million to approximately $390 million. For 2025, the company forecasts 30% revenue growth with expected revenue between $125-142 million and adjusted EBITDA between $14-22 million.

BlackSky Technology (NYSE: BKSY) has achieved a significant milestone by delivering the first very high-resolution images from its inaugural Gen-3 satellite just five days after its February 18 launch. The initial imagery, captured over Sydney International Airport, has exceeded customer expectations with minimal calibration.

The satellite has already moved into automated operations, allowing for additional testing and efficient commissioning. BlackSky plans to provide sample imagery to customers within the next 30 days, ahead of schedule. The company is set to launch its next satellite in Q2, with regular Gen-3 launches planned throughout the year.

This achievement adds very high-resolution imagery capabilities to BlackSky's high-frequency, low-latency monitoring constellation, offering customers dawn-to-dusk time-diversity and exceptional image quality at competitive pricing.

BlackSky Technology (NYSE: BKSY) has announced its participation in two major investor conferences in March 2025. The company will attend the Cantor Fitzgerald Global Technology Conference on March 12, 2025, at the InterContinental New York Barclay Hotel in New York. Additionally, BlackSky will participate in the Craig-Hallum NewSpace Conference, a virtual event scheduled for March 27, 2025.

Interested parties seeking to arrange one-on-one meetings with BlackSky Technology representatives are advised to contact the sales representatives at the respective sponsoring firms.

BlackSky Technology Inc. (NYSE: BKSY) has secured a multimillion-dollar contract from the Defense Innovation Unit for Gen-3 Tactical GEOINT (TACGEO) launch integration. This award extends earlier U.S. government-funded R&D efforts to develop advanced space-based tactical ISR capabilities.

Under the contract, BlackSky will prepare and manage a Gen-3 satellite launch on behalf of the customer, supporting end-to-end activities from pre-flight to on-orbit operations, including hardware integration, launch management, and commissioning services.

The Gen-3 constellation will introduce significant enhancements including:

• Low-latency AI-enabled analytics during ongoing missions
• Low-latency intersatellite communications for high-priority tasking
• Ability to image through smoke and haze with Short-Wave Infrared (SWIR) bands
• Improved resolution and enhanced spectral diversity
• Automatic detection and classification of vehicles, aircraft, and vessels

BlackSky Technology (NYSE: BKSY) has secured a six-figure contract with a new strategic international customer for subscription-based Gen-2 imagery and analytics services. The deal includes comprehensive analyst training on the AI-powered BlackSky Spectra platform and automated broad area search tools.

The agreement follows BlackSky's 'land-and-expand' strategy, providing quick-access subscription services to establish a foundation for regional growth. The training program will enable analyst teams to integrate BlackSky data with other intelligence sources and generate intelligence products, with particular focus on the company's proprietary AI-enabled broad area search technology.

BlackSky Technology Inc. (NYSE: BKSY) has secured multiple multi-year contracts with a combined eight-figure value to support India's commercial Earth observation capabilities. The contracts include subscription-based Assured access to low-latency, high-cadence imagery and AI-enabled analytics services, along with the delivery of one high-resolution Earth observation satellite with launch support and maintenance services.

The customer has adopted a two-part approach: utilizing BlackSky's commercial model for on-orbit sensor systems while activating a Spectra® subscription for immediate access to high-resolution imagery and AI-enabled analytics. The agreement ensures guaranteed access and first-priority tasking capacity over national and regional areas of interest. The new satellite will operate alongside BlackSky's existing monitoring constellation to deliver mission-relevant insights.

BlackSky Technology Inc. (NYSE: BKSY) and Rocket Lab have set a launch window starting February 18 for BlackSky's first Gen-3 satellite. The mission, dubbed 'Fasten Your Space Belts,' will enhance BlackSky's capabilities by adding 35-centimeter very high-resolution imaging to their existing constellation.

The Gen-3 satellite has been encapsulated onto an Electron rocket at Rocket Lab's Launch Complex 1 in New Zealand. This launch marks a significant advancement for BlackSky's defense and intelligence customers, with more Gen-3 satellites planned for regular launches throughout the coming year.

The enhanced Gen-3 capabilities will enable automated detection, identification, and classification of vehicles, aircraft, vessels, and other tactical objects. This upgrade aims to strengthen BlackSky's space-based intelligence applications for tactical ISR missions and strategic intelligence operations.

BlackSky Technology (NYSE: BKSY) has announced it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, March 6, 2025, at 8:30 a.m. EST. The company will release its financial results press release before the conference call on the same day.

Participants can access the live webcast through the company's investor relations website or dial in directly using 1-877-589-7299 (US) or 1-201-689-8778 (International). A replay will be available until March 20, 2025, accessible via 1-877-660-6853 or 1-201-612-7415 with access code 13751159.

BlackSky Technology (NYSE: BKSY) has secured a multi-year contract with geospatial intelligence fusion company EMDYN to provide space-based imagery services to international customers. The agreement enables international defense ministries to implement API-enabled automated tip-and-cue tasking and fusion of intelligence sources through BlackSky Spectra®.

The partnership combines BlackSky's satellite imagery with EMDYN Platform to deliver real-time insights and reduce end-to-end latency in the tasking-to-dissemination process. BlackSky's constellation provides hourly revisit rates and can deliver time-diverse imagery and analytics up to 15 times per day, from dawn to dusk, through its AI-driven system automation.