Stonegate Updates Coverage on BlackSky Technology, Inc. (BKSY) 2Q25
BlackSky Technology (NYSE:BKSY) reported mixed Q2 2025 results with revenue of $22.2M, matching consensus estimates, but missing on adjusted EBITDA at ($2.8M) and EPS at ($1.27). Imagery and Software Analytical Services revenue grew 2.9% year-over-year to $18.0M, while Professional Services revenue declined to $4.2M.
The company successfully launched its second Gen-3 satellite and maintains a strong $356M backlog, with 85% being international. Following an upsized $185M convertible note offering, BlackSky reaffirmed its FY25 guidance of $105M-$130M in revenue and adjusted EBITDA between breakeven and $10M, despite noting U.S. government budget uncertainties.
BlackSky Technology (NYSE:BKSY) ha riportato risultati misti per il secondo trimestre del 2025, con ricavi di 22,2 milioni di dollari, in linea con le stime di consenso, ma con un EBITDA rettificato negativo di (2,8 milioni di dollari) e un utile per azione di (1,27 dollari), inferiori alle aspettative. I ricavi da Servizi Analitici di Immagini e Software sono cresciuti del 2,9% su base annua raggiungendo 18,0 milioni di dollari, mentre quelli dai Servizi Professionali sono diminuiti a 4,2 milioni di dollari.
L'azienda ha lanciato con successo il suo secondo satellite di terza generazione e mantiene un robusto portafoglio ordini da 356 milioni di dollari, di cui l'85% internazionale. Dopo un aumento dell'offerta di note convertibili da 185 milioni di dollari, BlackSky ha confermato le previsioni per l'anno fiscale 2025, con ricavi stimati tra 105 e 130 milioni di dollari e un EBITDA rettificato compreso tra il pareggio e 10 milioni di dollari, nonostante le incertezze legate al budget del governo degli Stati Uniti.
BlackSky Technology (NYSE:BKSY) reportó resultados mixtos en el segundo trimestre de 2025, con ingresos de 22,2 millones de dólares, en línea con las estimaciones consensuadas, pero con un EBITDA ajustado de (2,8 millones de dólares) y un BPA de (1,27 dólares) que no alcanzaron las expectativas. Los ingresos por Servicios Analíticos de Imágenes y Software crecieron un 2,9% interanual hasta 18,0 millones de dólares, mientras que los ingresos por Servicios Profesionales disminuyeron a 4,2 millones de dólares.
La compañía lanzó con éxito su segundo satélite de tercera generación y mantiene una sólida cartera de pedidos de 356 millones de dólares, con un 85% internacional. Tras una ampliación de su oferta de notas convertibles por 185 millones de dólares, BlackSky reafirmó su guía para el año fiscal 2025, con ingresos entre 105 y 130 millones de dólares y un EBITDA ajustado entre el punto de equilibrio y 10 millones de dólares, a pesar de las incertidumbres presupuestarias del gobierno de EE.UU.
BlackSky Technology (NYSE:BKSY)는 2025년 2분기 실적에서 매출액 2,220만 달러로 컨센서스와 일치했으나, 조정 EBITDA는 (280만 달러), 주당순이익(EPS)은 (1.27달러)로 예상에 미치지 못하는 혼조된 결과를 발표했습니다. 이미지 및 소프트웨어 분석 서비스 매출은 전년 대비 2.9% 증가한 1,800만 달러를 기록했으며, 전문 서비스 매출은 420만 달러로 감소했습니다.
회사는 두 번째 3세대 위성을 성공적으로 발사했으며, 강력한 3억 5,600만 달러의 수주 잔고를 유지하고 있으며, 이 중 85%가 해외 수주입니다. 1억 8,500만 달러 규모의 전환사채 증액 발행 이후, BlackSky는 미 정부 예산 불확실성에도 불구하고 2025 회계연도 매출을 1억 500만 달러에서 1억 3,000만 달러 사이, 조정 EBITDA는 손익분기점에서 1,000만 달러 사이로 재확인했습니다.
BlackSky Technology (NYSE:BKSY) a publié des résultats mitigés pour le deuxième trimestre 2025 avec un chiffre d'affaires de 22,2 millions de dollars, conforme aux estimations consensuelles, mais un EBITDA ajusté à (2,8 millions de dollars) et un BPA à (1,27 dollar) en dessous des attentes. Les revenus des services analytiques d'imagerie et logiciels ont augmenté de 2,9 % en glissement annuel pour atteindre 18,0 millions de dollars, tandis que les revenus des services professionnels ont diminué à 4,2 millions de dollars.
L'entreprise a lancé avec succès son deuxième satellite de troisième génération et maintient un solide carnet de commandes de 356 millions de dollars, dont 85 % à l'international. Après une augmentation de son émission d'obligations convertibles de 185 millions de dollars, BlackSky a réaffirmé ses prévisions pour l'exercice 2025 avec un chiffre d'affaires compris entre 105 et 130 millions de dollars et un EBITDA ajusté allant du seuil de rentabilité à 10 millions de dollars, malgré les incertitudes budgétaires du gouvernement américain.
BlackSky Technology (NYSE:BKSY) meldete gemischte Ergebnisse für das zweite Quartal 2025 mit einem Umsatz von 22,2 Mio. USD, was den Konsensschätzungen entspricht, jedoch verfehlte das bereinigte EBITDA mit (2,8 Mio. USD) und das Ergebnis je Aktie (EPS) von (1,27 USD) die Erwartungen. Die Erlöse aus Bild- und Softwareanalysediensten stiegen im Jahresvergleich um 2,9% auf 18,0 Mio. USD, während die Erlöse aus Professional Services auf 4,2 Mio. USD zurückgingen.
Das Unternehmen startete erfolgreich seinen zweiten Satelliten der dritten Generation und verfügt über einen starken Auftragsbestand von 356 Mio. USD, von dem 85 % international sind. Nach einer Aufstockung der 185 Mio. USD Wandelanleihe bestätigte BlackSky seine Prognose für das Geschäftsjahr 2025 mit Umsatzerwartungen zwischen 105 Mio. und 130 Mio. USD sowie einem bereinigten EBITDA zwischen Break-even und 10 Mio. USD, trotz Unsicherheiten im US-Regierungsbudget.
- Successfully launched second Gen-3 satellite with four more planned by year-end
- Strong backlog of $356M with 85% international composition
- Secured $185M through upsized convertible note offering
- Imagery revenue grew 2.9% year-over-year
- Maintained FY25 revenue guidance of $105M-$130M
- Adjusted EBITDA declined to ($2.8M) loss from $2.1M profit year-over-year
- Professional Services revenue dropped significantly from $7.5M to $4.2M
- EPS missed estimates at ($1.27) vs ($0.48) consensus
- Gross margins declined to 71.9% from 72.4% year-over-year
- Noted U.S. government budget volatility concerns
Dallas, Texas--(Newsfile Corp. - August 8, 2025) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). BKSY reported revenue, adj EBITDA, and EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Successfully launched its second Gen-3 satellite, now delivering high-resolution imagery within 12 hours; four more Gen-3 satellites are expected to launch by year-end.
- Backlog reached
$356M (85% international), and a strong pro forma cash position following a$185M upsized convertible note offering. - BKSY reaffirmed its FY25 revenue guidance of
$105M -$130M and adjusted EBITDA of breakeven to$10M , citing short-term U.S. government budget volatility.
Click image above to view full announcement.
About Stonegate
Stonegate 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 services 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/261806
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