NYSE$BKSY
Blacksky Technology Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Blacksky's Q4 2022 earnings were reported, showing significant revenue growth and margin improvement.
BlackSky reported a 69% increase in revenue for Q4 2022, reaching $19.4 million, driven by strong growth in imagery and software analytical services. The company's adjusted EBITDA loss improved to $4.6 million, and they anticipate achieving positive adjusted EBITDA in Q4 2023. They also announced a new $150+ million multi-year contract.
- Revenue increased by 69% year-over-year to $19.4 million.
- Imagery and software analytical services revenue grew by 196% over the prior year's quarter.
- Adjusted EBITDA loss improved by $9.8 million year-over-year.
- Company anticipates achieving positive Adjusted EBITDA in Q4 2023.
Headline financials
Revenue & EPS history
Blacksky · Revenue · Quarterly
$19.4M
Revenue by segment
Blacksky · $19.4M total across 2 segments · Q4 2022
- Space-based Intelligence & AI$16.2M+118.5%83.3%
- Mission Solutions$3.25M-20.7%16.7%
Forward guidance
BlackSky expects full year 2023 revenue to be between $90 million and $96 million and anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023. Capital expenditures for the full year 2023 are expected to be between $40 million and $45 million.
Tailwinds
- Full year 2023 revenue expected to be between $90 million and $96 million, a 42% increase over 2022 revenue at the mid-point of this range.
- Strong revenue growth anticipated.
- High incremental contribution margins expected.
- Prudent cost management expected.
- Anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023.
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 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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