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 (BKSY) delivers real-time geospatial intelligence through its proprietary satellite constellation and AI analytics platform. This page provides investors and industry professionals with a comprehensive repository of official news and press releases.
Access timely updates on financial performance, strategic partnerships, and technological advancements. Our curated collection includes earnings reports, product launch announcements, government contract awards, and operational milestones specific to BlackSky’s satellite imaging services.
Discover how BKSY’s low-earth orbit satellites and Spectra AI platform address global challenges in defense, environmental monitoring, and infrastructure management. Content is organized for quick scanning while maintaining technical accuracy for expert analysis.
Bookmark this page to stay informed about BlackSky’s market position in the geospatial intelligence sector. Check regularly for new developments impacting the company’s growth trajectory and industry leadership.
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.
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.
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.
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.
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.
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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