NYSE$BKSY
Blacksky Technology Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Blacksky reported a strong Q2 2024, marked by a 29% increase in total revenue year-over-year and significant operating leverage, leading to improved margin performance.
BlackSky's Q2 2024 total revenue increased by 29% year-over-year to $24.9 million. The company won $40 million in new contracts and renewal agreements. Adjusted EBITDA improved to $2.1 million, compared to a loss of $5.8 million in the same quarter last year. The company maintains its outlook for full year 2024 revenue of between $102 million and $118 million, and full year 2024 Adjusted EBITDA of between $8 million and $16 million.
- Total revenue increased by 29% year-over-year, reaching $24.9 million.
- Imagery & software analytical services revenue grew 14% over the prior year quarter.
- The company secured $40 million in new contracts and renewal agreements.
- Adjusted EBITDA improved significantly to $2.1 million from a loss of $5.8 million in the prior year quarter.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$24.9M
Revenue by segment
Blacksky · $21.3M total across 2 segments · Q3 2023
- Space-based Intelligence & AI$15.3M+2.1%71.8%
- Mission Solutions$6M+208.6%28.2%
Forward guidance
The Company maintains its outlook for full year 2024 revenue of between $102 million and $118 million, and full year 2024 Adjusted EBITDA of between $8 million and $16 million.
Tailwinds
- Full year 2024 revenue outlook maintained between $102 million and $118 million.
- Full year 2024 Adjusted EBITDA outlook maintained between $8 million and $16 million.
Headwinds
- Full year 2024 capital expenditures expected to be between $55 million and $65 million, primarily driven by investments in Gen-3 satellites.
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 2024
-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 | — | — | — |
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