NYSE$BKSY
Blacksky Technology Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Blacksky reported Q4 2021 earnings with a revenue increase and strategic advancements.
BlackSky reported a 79% increase in revenue for Q4 2021, reaching $11.5 million, driven by increased customer demand and new contracts. The company launched six satellites, expanded its customer base, and improved its platform capabilities. However, the operating loss was $31.9 million, and the adjusted EBITDA loss was $14.4 million.
- Revenue increased by 79% year-over-year, reaching $11.5 million.
- Operating loss was $31.9 million, including pre-merger stock-based compensation and public company transaction costs.
- Adjusted EBITDA loss was $14.4 million.
- Cash balance at the end of December 2021 was $168.1 million.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$11.5M
Revenue by segment
Blacksky · $11.5M total across 2 segments · Q4 2021
- Space-based Intelligence & AI$7.4M—64.3%
- Mission Solutions$4.1M—35.7%
Forward guidance
BlackSky anticipates increased customer demand and expects full year 2022 revenue to be between $58 million and $62 million. The company plans to launch an additional four satellites and expects capital expenditures to be between $52 million and $56 million.
Tailwinds
- Full year 2022 revenue to be between $58 million and $62 million, a 76% increase over 2021 at the mid-point of this range.
- Launching an additional four satellites in the first half of 2022, bringing the total to 14 operating satellites.
- Capacity from the 14-satellite constellation will be more than sufficient to support increased customer demand.
- Capital expenditures for the full year 2022 to be between $52 million and $56 million, a decrease compared to 2021 spend.
- Cash position will remain strong with sufficient liquidity for the foreseeable future.
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 Q4 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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