NYSE$BKSY
Blacksky Technology Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Blacksky's Q3 2021 revenue increased 49% year-over-year, driven by growth in imagery, software, and engineering services. The company revised its 2021 revenue forecast due to contract timing and supply chain impacts.
BlackSky Technology Inc. reported a 49% increase in revenue for the third quarter of 2021, reaching $7.9 million. The company's net loss was $46.9 million, and adjusted EBITDA loss was $16.2 million. BlackSky revised its 2021 revenue forecast to $30 to $34 million due to timing of new contract start dates and supply chain impacts.
- Revenue of $7.9 million, up 49% from 3Q 2020
- Net loss of $46.9 million or a loss of $0.67 per diluted share
- Adjusted EBITDA loss of $16.2 million
- Cash balance at the end of 3Q 2021 was $198 million
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$7.94M
Revenue by segment
Blacksky · $7.9M total across 2 segments · Q3 2021
- Space-based Intelligence & AI$6.5M+18.2%82.3%
- Mission Solutions$1.4M+800.0%17.7%
Forward guidance
BlackSky is revising its 2021 revenue forecast from $40 million to a range of $30 to $34 million, primarily driven by the timing of new contract start dates and supply chain impacts due to the COVID-19 pandemic.
Tailwinds
- Robust pipeline growth that reflects strong demand from both government and commercial customers.
- Recent awards from the NRO, NGA, and NASA demonstrate that BlackSky is emerging as a partner of choice.
- Customers recognize the value of our high revisit imagery and our advanced AI enabled analytics.
- Winning and extending multi-year contracts, which strengthens our visibility into out-year revenues.
Headwinds
- Timing of new contract start dates
- Supply chain impacts due to the COVID-19 pandemic.
- Supply chain delays specifically impacted the execution schedule of engineering & integration projects
- Recognition of revenue for these programs is delayed
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 Q3 2021
-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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