NYSE$BKSY
Blacksky Technology Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Blacksky reported a revenue increase of 6% year-over-year, driven by growth in imagery and software analytical services. The company reaffirmed its full-year 2024 guidance and is preparing for the launch of its first Gen-3 satellite.
BlackSky reported a 6% increase in revenue for Q3 2024, reaching $22.5 million. The company secured new contracts valued up to $780 million year-to-date and is progressing with the launch of its first Gen-3 satellite. They are maintaining full year 2024 revenue guidance of $102 million to $118 million and adjusted EBITDA guidance of $8 million to $16 million.
- Revenue increased by 6% year-over-year to $22.5 million.
- Imagery and software analytical services revenue grew by 13% year-over-year.
- The company secured new awards valued up to $780 million year-to-date.
- The first Gen-3 satellite is completing final pre-ship testing.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$22.5M
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
BlackSky 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. The Company maintains its expectations for full year 2024 capital expenditures of between $55 million and $65 million, primarily driven by investments in its Gen-3 satellites.
Tailwinds
- Ramping up revenues from recent contract awards
- Working on sizable new and expansion contracts
- Full year 2024 revenue outlook between $102 million and $118 million
- Full year 2024 adjusted EBITDA outlook between $8 million and $16 million
- Full year 2024 capital expenditures between $55 million and $65 million
Headwinds
- Uncertainty surrounding the timing of close and start of revenue recognition
- Long and unpredictable sales cycles
- Customer demand may vary
- Ability to estimate resources for fixed-price contracts
- Expenses and other operational and liquidity needs
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 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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