NYSE$BKSY
Blacksky Technology Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Blacksky's Q3 2022 earnings report revealed a 113% increase in revenue compared to the prior year quarter, with imagery and software analytical services revenue comprising 89% of total revenue. The company affirmed the upper end of its full-year 2022 revenue guidance.
Blacksky reported a strong Q3 2022 with a 113% increase in revenue year-over-year, reaching $16.9 million. Imagery and software analytical services drove growth, making up 89% of total revenue. The company is optimistic about finishing 2022 strong and expects to reach the upper end of its revenue guidance.
- Revenue increased by 113% compared to the prior year quarter, reaching $16.9 million.
- Imagery and software analytical services revenue grew by 130% over the prior year's quarter, representing 89% of total revenues.
- The company achieved daily delivery rates for advanced imaging subscription services under the EOCL contract with the National Reconnaissance Office (NRO).
- BlackSky anticipates full year 2022 revenues to be at the upper end of the guidance range.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$16.9M
Revenue by segment
Blacksky · $16.9M total across 2 segments · Q3 2022
- Space-based Intelligence & AI$15M+130.6%88.5%
- Mission Solutions$1.94M+38.9%11.5%
Forward guidance
BlackSky expects its full year 2022 revenue to achieve the upper end of the guidance range previously provided of between $62 million and $66 million. The Company continues to expect capital expenditures for the full year 2022 to be between $52 million and $56 million.
Tailwinds
- Strong global demand for high-resolution imagery.
- Growing interest in dynamic monitoring solutions.
- Increased adoption of AI-driven analytic solutions.
- Expected revenue to achieve the upper end of the guidance range.
- Continued focus on expanding the customer base.
Headwinds
- Unspecified risks and uncertainties that could affect actual results.
- Potential impact of global economic conditions.
- Competition in the geospatial intelligence market.
- Dependence on government contracts.
- Possible delays in satellite deployment.
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 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 | — | — | — |
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