NYSE$BKSY
Blacksky Technology Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Blacksky's Q1 2023 performance showed strong revenue growth and improved profitability.
Blacksky reported a 32% increase in revenue to $18.4 million, driven by a 114% increase in imagery and software analytical services revenue. The company's adjusted EBITDA loss improved to $4.1 million, and they reaffirmed their full-year revenue outlook of $90 million to $96 million and are on track to achieve positive Adjusted EBITDA in Q4 2023.
- Revenue increased by 32% compared to the prior year period.
- Imagery & software analytical services revenue grew by 114% over the prior year quarter.
- Cost of sales as a percent of revenue decreased to 35% from 79% in the prior year quarter.
- The company amended its existing debt facility, extending the maturity to October 2026.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$18.4M
Revenue by segment
Blacksky · $18.4M total across 2 segments · Q1 2023
- Space-based Intelligence & AI$15.8M+61.3%85.7%
- Mission Solutions$2.64M-36.1%14.3%
Forward guidance
The Company anticipates strong global demand for BlackSky’s products and services to continue throughout the year. As a result, the Company maintains its full year 2023 revenue outlook of between $90 million and $96 million, a 42% increase over 2022 revenue at the mid-point of this range. The Company remains on track to achieve positive Adjusted EBITDA in the fourth quarter of 2023. In addition, the Company maintains its expectations for full year 2023 capital expenditures to be between $40 million and $45 million.
Tailwinds
- Maintaining full year 2023 revenue outlook of between $90 million and $96 million.
- Expecting a 42% increase over 2022 revenue at the mid-point of the range.
- Remaining on track to achieve positive Adjusted EBITDA in the fourth quarter of 2023.
- Maintaining expectations for full year 2023 capital expenditures to be between $40 million and $45 million.
- Anticipating strong global demand for BlackSky’s products and services to continue throughout the year.
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 2023
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro