NYSE$BKSY

Blacksky Technology Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Blacksky's Q1 2022 revenue increased by 91% year-over-year, driven by strong demand for imagery and analytic solutions.

BlackSky reported a record revenue of $13.9 million for Q1 2022, a 91% increase compared to the prior year period. Imagery and software analytical services revenue grew to 70% of total revenue. The company's adjusted EBITDA loss was $9.5 million, and the cash balance at the end of March 2022 was $138.4 million.

  • Record revenue of $13.9 million, up 91% from prior year period.
  • Imagery & software analytical services revenue improves 63% over prior year's quarter.
  • Net loss of $20.0 million.
  • Adjusted EBITDA loss of $9.5 million.

Headline financials

Total Revenue

$13.9M

Previous: $7.29M+90.5%
EPS (adj)

-$1.36

Previous: -$5.60+75.7%
Adjusted EBITDA

-$9.5M

No prior period
Capital Expenditures

-$1.93M

No prior period
Free Cash Flow

-$21.9M

No prior period
Net Income

-$20M

Previous: -$169M+88.1%
Operating Income

-$27.1M

Previous: -$9.49M-186.1%
Gross Profit

$2.94M

No prior period
Cash & Equivalents

$136M

Previous: $44.8M+203.4%
Total Assets

$287M

Previous: $319M-9.8%
Stock-Based Comp

$10.2M

Previous: $508K+1915.7%

Revenue & EPS history

Blacksky · Revenue · Quarterly

$13.9M

Q1 2022+90.5%vs Q1 2021
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

Blacksky · $13.9M total across 2 segments · Q1 2022

  • Space-based Intelligence & AI
    $9.77M+62.9%
  • Mission Solutions
    $4.12M+218.2%

Forward guidance

The Company continues to anticipate strong demand for its geospatial intelligence and analytic insights throughout the year and maintains its full year 2022 revenue expectations of between $58 million and $62 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.8%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

17%

4 / 24 earnings

Positive

+31.5%

Q1 2025

Best reaction

-24.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-20.6%-0.7%-14.2%
Q4 2025-0.2%+12.5%+15.4%
Q3 2025-11.5%-14.4%-2.6%
Q1 2025+31.5%+35.5%+47.6%
Q4 2024-24.2%-31.1%-48.4%
Q3 2024+6.3%-6.3%+42.1%
Q2 2024+11.5%+10.4%-16.7%
Q1 2024-4.7%-8.7%-18.1%
Q4 2023-13.4%-7.9%-17.1%
Q3 2023-1.7%-3.3%+11.7%
Q2 2023-10.9%-14.7%-31.0%
Q1 2023+6.0%+10.3%+47.0%
Q4 2022-11.9%-24.4%-28.5%
Q3 2022-5.0%-4.4%+16.1%
Q2 2022-0.8%-1.2%-17.3%
Q1 2022-1.7%+4.2%+76.5%
Q4 2021-6.6%-2.3%-30.2%
Q3 2021-7.9%-5.9%-21.8%
Q2 2021-0.1%+0.4%-0.4%
Q1 2021+0.0%+0.0%+0.4%
Q4 2020-0.5%-1.1%-3.4%
Q3 2020-0.2%-0.2%+2.0%
Q1 2020-1.3%-0.5%+0.7%
Q2 2020+0.0%+0.1%-1.9%
Q3 2019

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