BlackSky Technology Inc.
Description
BlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally. The company's Spectra software platform processes a range of observations from its satellite constellation and various external data sources, including imaging, radar and radio frequency satellites, environmental sensors, asset tracking sensors, Internet-of-Things (IoT) connected devices, internet-enabled narrative sources, and a variety of geotemporal data feeds. It offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which helps to detect key pattern of life changes in critical locations, including strategic locations and infrastructure comprising ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. In addition, the company develops and delivers satellites and payload systems; and provides professional and engineering services. Its products and services are used in national security, supply chain intelligence, crisis management, critical infrastructure monitoring, economic intelligence, and other applications. BlackSky Technology Inc. was incorporated in 2018 and is headquartered in Herndon, Virginia.
About
CEO
Mr. Brian E. O'Toole
Employees
279
Instrument type
Common Stock
Sector
Technology
Industry
Scientific & Technical Instruments
MIC code
XNYS
Address
13241 Woodland Park Road, Herndon, VA 20171, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 26, 2025 | -0.45 | — | — | — |
| Nov 7, 2024 | -0.65 | -0.66 | -0.01 | 1.54% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 4 |
| Average estimate | — | -0.41 | — | -1.14 |
| Low estimate | — | -0.55 | — | -1.34 |
| High estimate | — | -0.33 | — | -0.95 |
| Last year EPS | — | -0.68 | — | -2.17 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-14.620%
Next qtr. (Mar 2025)
38.900%
Current year
30.010%
Next year (Dec 2025)
47.290%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total reported revenue | 94.49M | 65.35M | 34.09M | 21.14M |
| Cost of revenue | 33.78M | 35.83M | 34.75M | 23.87M |
| Gross profit | 60.71M | 29.52M | -663,000 | -2.73M |
| Operating expense | ||||
| Research & development | 1.68M | 1.57M | 1.53M | 7.45M |
| Selling general and admin | 71.58M | 78.85M | 85.24M | 21.42M |
| Other operating expenses | — | — | — | — |
| Operating income | -55.98M | -86.55M | -101.74M | -41.40M |
| Non operating interest income | ||||
| Income | 2.06M | 1.12M | — | — |
| Expense | 9.31M | 5.43M | 5.17M | 5.20M |
| Other income expense | 11.78M | 15.98M | -89.37M | -1.12M |
| Pretax income | -53.19M | -74.88M | -243.99M | -47.72M |
| Tax provision | 673,000 | — | — | — |
| Net income | -53.86M | -74.17M | -245.64M | -19.54M |
| Basic EPS | -3.20 | -5.04 | -27.12 | -1.35 |
| Diluted EPS | -3.20 | -5.04 | -27.12 | -1.35 |
| Basic average shares | 16.93M | 14.73M | 14.31M | 14.49M |
| Diluted average shares | 16.93M | 14.73M | 14.31M | 14.49M |
| EBITDA | -7.18M | -45.93M | -233.77M | -32.44M |
| Net income from continuing op. | -53.86M | -74.88M | -243.99M | -47.72M |
| Minority interests | — | — | — | — |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 224.07M | 234.09M | 305.76M | 119.92M |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 32.82M | 34.18M | 165.59M | 5.10M |
| Other short term investments | 19.70M | 37.98M | — | — |
| Accounts receivable | 7.07M | 3.11M | 2.63M | 2.90M |
| Other receivables | 15.21M | 5.71M | 1.68M | 3.80M |
| Inventory | — | — | — | — |
| Prepaid assets | — | — | 6.26M | 965,000 |
| Restricted cash | 619,000 | 2.84M | 2.52M | 5.48M |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | 3.92M | 4.71M | 6.26M | 965,000 |
| Non current assets | ||||
| Properties | 130.12M | 122.99M | 95.90M | 35.50M |
| Land and improvements | — | — | — | — |
| Machinery furniture equipment | 26.07M | 11.17M | 2.12M | 2.70M |
| Construction in progress | 58.65M | 53.90M | 40.10M | 62.66M |
| Leases | — | — | — | — |
| Accumulated depreciation | -90.11M | -61.94M | -27.46M | -17.35M |
| Goodwill | 20.14M | 20.70M | 21.27M | 22.62M |
| Investment properties | — | — | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | 1.36M | 1.92M | 2.48M | 3.83M |
| Investments and advances | — | 5.29M | 4.00M | 3.28M |
| Other non current assets | 9.26M | 2.84M | 560,000 | 1.66M |
| Total liabilities | 130.91M | 112.22M | 126.14M | 152.73M |
| Current liabilities | ||||
| Accounts payable | 2.32M | 2.42M | 1.72M | 4.18M |
| Accrued expenses | 9.60M | 13.12M | 9.11M | 3.79M |
| Short term debt | 621,000 | 530,000 | 49,000 | 16.79M |
| Deferred revenue | 3.67M | 6.78M | 11.27M | 14.54M |
| Tax payable | 196,000 | 86,000 | — | — |
| Pensions | — | — | — | — |
| Other current liabilities | 244,000 | 256,000 | 2.77M | 7.39M |
| Non current liabilities | ||||
| Long term debt | 86.54M | 79.35M | 71.41M | 84.87M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | — | — | — | — |
| Derivative product liabilities | 15.15M | 5.11M | 16.93M | — |
| Other non current liabilities | 1.72M | 825,000 | 6.71M | 9.86M |
| Shareholders equity | ||||
| Common stock | 14,000 | 12,000 | 11,000 | 3,000 |
| Retained earnings | -598.97M | -545.11M | -470.91M | -223.98M |
| Other shareholders equity | — | — | — | — |
| Total shareholders equity | 93.16M | 121.87M | 179.62M | -32.81M |
| Additional paid in capital | 692.12M | 666.97M | 650.52M | 191.17M |
| Treasury stock | — | — | — | — |
| Minority interest | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -53.86M | -74.88M | -243.99M | -47.72M |
| Depreciation | 44.38M | 37.34M | 14.31M | 9.80M |
| Deferred Taxes | — | — | — | — |
| Stock-Based Compensation | 10.86M | 20.03M | 42.57M | 1.98M |
| Other Non-Cash Items | 11.96M | 1.22M | 101.48M | 1.14M |
| Accounts Receivable | -20.44M | -6.46M | 2.33M | -2.37M |
| Accounts Payable | — | — | — | — |
| Other Assets & Liabilities | -3.30M | -9.12M | -5.43M | 17.76M |
| Operating Cash Flow | -10.40M | -31.87M | -88.74M | -19.41M |
| Investing Activities | ||||
| Capital Expenditures | -15.25M | -11.68M | -1.27M | -281,000 |
| Net Intangibles | — | — | -7,000 | — |
| Net Acquisitions | 9.45M | 804,000 | 302,000 | — |
| Purchase of Investments | -40.08M | -50.34M | — | — |
| Sale of Investments | 59.11M | 13.00M | — | — |
| Investing Cash Flow | -15.21M | -80.60M | -63.61M | -18.38M |
| Financing Activities | ||||
| Long-Term Debt Issuance | — | — | 58.57M | 3.60M |
| Long-Term Debt Payments | — | — | -22.20M | -39,000 |
| Other Financing Charges | -3.69M | -5.10M | -6.53M | -147,000 |
| Financing Cash Flow | 29.04M | -5.10M | 274.72M | 3.41M |
| Other Cash Details | ||||
| End Cash Position | 33.43M | 37.02M | 168.10M | 10.57M |
| Income Tax Paid | 460,000 | — | — | — |
| Interest Paid | 989,000 | 5,000 | 378,000 | — |
| Free Cash Flow | -32.70M | -56.13M | -55.15M | -31.96M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 681,891 | 12.04M | 2.22% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 398,584 | 7.04M | 1.29% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 140,120 | 2.47M | 0.46% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 136,868 | 2.42M | 0.44% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 136,864 | 2.42M | 0.44% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 67,585 | 1.19M | 0.22% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 62,202 | 1.10M | 0.20% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 57,750 | 1.02M | 0.19% |
| Schwab Strategic Tr-Schwab U.S. Small Cap ETF | Nov 30, 2024 | 58,961 | 1.04M | 0.19% |
| Schwab Capital Trust-Small Cap Index Fund | Oct 31, 2024 | 31,242 | 551,733 | 0.10% |
Article
BlackSky to Host Fourth Quarter and Full Year 2024 Results Conference Call
HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #earnings--BlackSky Technology Inc. (NYSE: BKSY) will host a conference call to discuss fourth quarter and full year 2024 financial results and its business outlook on Thursday, March 6, 2025, at 8:30 a.m. EST. A press release with BlackSky's financial results will be released in advance of the conference call that same day. To access the live webcast or the archived webcast following completion of the call, please click here or visit the company's investor relations website.
Feb 6, 2025
Article
BlackSky Wins EMDYN Subscription Contract to Deliver On-Demand Gen-2 Space-Based Imagery Services to International Government Customers
HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #analytics--BlackSky wins EMDYN subscription contract to deliver On-demand Gen-2 space-based imagery services to international government customers.
Feb 4, 2025
Article
Why BlackSky Stock Popped 11% on Tuesday
BlackSky Technology (BKSY 6.38%) shares soared 11.2% through 10:55 a.m. ET Tuesday after the company announced it has just signed a "strategic international defense sector customer" (yet to be identified) to a $100 million spy satellite contract.
Jan 28, 2025
