NYSE$BKSY
Blacksky Technology Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Blacksky's Q2 2022 revenue more than doubled, driven by strong customer engagement and demand.
BlackSky reported a strong second quarter in 2022, with revenue reaching an all-time high of $15.1 million, a 105% increase compared to the prior year period. The company won several large multi-year contracts with a total value up to $1.27 billion and raised its full year 2022 revenue outlook.
- Revenue increased by 105% compared to the prior year quarter, reaching $15.1 million.
- Imagery and software analytical services revenue grew by 161% year-over-year and accounted for 88% of total revenue.
- The company was awarded the Electro Optical Commercial Layer (EOCL) contract with the National Reconnaissance Office with a total value up to $1.021 billion over the next 10 years.
- BlackSky raised its full-year revenue expectations to between $62 and $66 million.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$15.1M
Revenue by segment
Blacksky · $15.1M total across 2 segments · Q2 2022
- Space-based Intelligence & AI$13.4M+160.8%88.4%
- Mission Solutions$1.75M-22.0%11.6%
Forward guidance
BlackSky raised its full-year revenue expectations to between $62 million and $66 million and continues to expect capital expenditures for the entire year of 2022 to be between $52 million and $56 million.
Tailwinds
- Customer utilization and demand for BlackSky’s unique dynamic monitoring, on-demand satellite tasking, and analytic insights continue to be strong.
- Increased market demand.
- Several large multi-year contracts recently awarded to BlackSky.
- Sets the stage for a robust second half of the year.
- Company has raised its full-year revenue expectations.
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 Q2 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
| 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