Blacksky Technology Inc Stock Price, News & Analysis

BlackSky Technology Inc. (NYSE: BKSY) has successfully completed a critical design review (CDR) with a major international defense customer, validating its next-generation architecture powered by the Gen-3 constellation. The company's Spectra® tasking and analytics data-fusion platform has been optimized to deliver secure, AI-derived real-time intelligence within minutes.

The CDR confirms BlackSky's capabilities meet customer requirements for image quality, time-diverse revisit, delivery timelines, and AI-enabled analytics. The next-generation services will feature automated multi-sensor tip-and-cue capabilities, providing very high-resolution imagery and AI-derived analytics for real-time mission operations.

The company's first Gen-3 satellite, launched on February 18, delivered first light images within five days and AI-enabled analytics three weeks post-launch. BlackSky plans to expand the constellation regularly over the next 12 months.

BlackSky Technology Inc. (NYSE: BKSY) has achieved a significant milestone by delivering its first AI-enabled analytics from very high-resolution imagery captured by its recently launched Gen-3 satellite. The company's proprietary AI algorithms successfully transformed the satellite imagery into actionable insights within just three weeks of the February 18 launch.

The AI system is designed to automatically detect and classify various tactical objects, including vehicles (from trucks to cars) and vessels (from warships to patrol boats), with high precision. The technology demonstrates transferability across Gen-2, Gen-3, and external commercial imagery sources.

BlackSky plans to expand its constellation to eight satellites within 12 months. The Gen-3 satellites will provide 35-centimeter imagery and integrate with the existing infrastructure, including the BlackSky Spectra® software platform. This expansion is expected to improve revisit rates, reduce delivery latency, enhance image quality and capacity, and enable new customer applications.

BlackSky Technology (NYSE: BKSY) reported Q4 2024 financial results with revenue of $30.4M, adjusted EBITDA of $7.4M, and EPS of ($1.01). The company achieved its fifth consecutive quarter of positive adjusted EBITDA, reaching $11.6M compared to $(1.0M) in the previous year.

The Imagery and Software Analytics segment revenue decreased by $1.6M to $17.5M due to a prior project's upfront delivery. The Professional and Engineering segment generated $12.9M, boosted by $7.0M in Indonesian contract deliverables. Consolidated gross margins improved to 77.4% from 66.2% in Q3 2024.

Notable achievements include the successful launch of their first Gen-3 satellite, delivering imagery exceeding customer expectations, and securing multiple nine-figure multi-year contracts, including a 7-year agreement. The company projects FY2025 revenue guidance between $125.0M to $142.0M.

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.