Stonegate Initiates Coverage on BlackSky Technology, Inc. (BKSY)

Rhea-AI Summary

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.

Positive

• Revenue increased by 31.7% year over year.
• Secured $30 million in new contract and renewal agreements.
• Gen 3 satellites set to launch in fiscal year 2024.

Negative

• None.

News Market Reaction

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On the day this news was published, BKSY declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Dallas, Texas--(Newsfile Corp. - May 23, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners initiates their coverage on BlackSky Technology, Inc. (NYSE: BKSY).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Revenue increased 31.7% year over year

• Awarded $30.0M worth of new contract and renewal agreements

• Gen 3 satellites on track to begin launching in FY24

Click image above to view full announcement.

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About StonegateStonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210310

FAQ

What is the recent revenue growth for BlackSky Technology (BKSY)?

BlackSky Technology (BKSY) reported a 31.7% year-over-year increase in revenue.

How much worth of new contracts has BlackSky Technology (BKSY) secured?

BlackSky Technology (BKSY) secured $30 million in new contract and renewal agreements.

When will BlackSky Technology (BKSY) launch its Gen 3 satellites?

BlackSky Technology (BKSY) is set to begin launching its Gen 3 satellites in fiscal year 2024.

Who has initiated coverage on BlackSky Technology (BKSY)?

Stonegate Capital Partners has initiated coverage on BlackSky Technology (BKSY).