BlackSky Technology Inc. - BKSY STOCK NEWS

BlackSky Technology Inc. (NYSE: BKSY) reported significant growth in its Q4 and full-year 2021 financials, with revenues rising 79% to $11.5 million in Q4 and 61% to $34.1 million for the year. Despite these gains, the company experienced operating losses of $31.9 million for Q4 and $120.1 million for the year, largely due to non-recurring expenses and investments in growth. The company successfully launched six satellites, increasing its constellation to 12, and anticipates further growth with a revenue outlook of $58 million to $62 million for 2022, driven by increasing demand in both government and commercial sectors.

BlackSky Technology Inc. (BKSY) will host a conference call on February 22, 2022, at 8:30 AM ET to discuss its fourth quarter and full year 2021 results. A press release with financial results will precede the call. Participants can join via phone or listen to a live web simulcast. A replay will be available from 11:30 AM ET on February 22 through March 8. BlackSky provides real-time geospatial intelligence through its satellite constellation and Spectra AI platform, delivering crucial insights for various applications.

Rocket Lab announced its 24th Electron launch scheduled for February 4, 2022, as part of a multi-launch deal with BlackSky (NYSE:BKSY) through Spaceflight Inc.. The mission, named 'Without Mission A Beat', will deliver additional satellites for BlackSky to expand its Earth-imaging satellite constellation.

This launch marks the continuation of Rocket Lab's busy launch schedule and confirms its role as a trusted partner for BlackSky in satellite deployment.

BlackSky has appointed Aly Bonilla as Vice President of Investor Relations, reporting to CFO Johan Broekhuysen. Bonilla brings nearly 25 years of experience in investor relations and financial management, previously serving in roles at ORBCOMM and Office Depot. His expertise is expected to enhance BlackSky's investor relations strategy and strengthen shareholder value, according to Broekhuysen. BlackSky is a leader in real-time geospatial intelligence, utilizing its satellite constellation to monitor global activities.

BlackSky (NYSE: BKSY) has expanded its reseller network by adding Geoimage, a geospatial solutions provider. Geoimage will utilize BlackSky’s geospatial intelligence and imagery to deliver real-time insights to customers in sectors like government, oil and gas, mining, agriculture, and maritime. This collaboration aims to enhance efficiency and decision-making through automated alerts on operational anomalies and economic indicators. BlackSky’s technology combines machine learning and AI to offer cutting-edge geospatial monitoring services.

BlackSky (NYSE: BKSY) announced a milestone achievement with its 12-satellite constellation, reaching a peak revisit rate of 15 hourly visits per day, which is the highest globally. This expansion follows the successful launch of six satellites across three missions. The company’s Spectra AI platform rapidly processes imagery, providing customers with timely insights. With a total of $283 million raised during its IPO, BlackSky is well-positioned to scale up services amidst strong market demand for geospatial intelligence.

BlackSky’s latest press release announces the successful launch of two satellites, which has doubled its constellation capacity to twelve satellites. The new satellites began generating revenue within 18 hours post-launch. This launch, part of their mission on December 8, 2021, is hailed by BlackSky as a significant step in enhancing their geospatial intelligence capabilities, notably improving revisit rates for customers. The company continues to leverage machine learning and AI to provide valuable insights from its satellite data.

BlackSky (NYSE: BKSY) expresses condolences for the families affected by recent tornados in the Midwest and Southeastern United States. The company, a leader in real-time geospatial intelligence, utilizes its satellite constellation to provide insights and data to customers worldwide. BlackSky’s technology allows for multiple daily imaging of targeted locations, offering critical information across various conditions. The organization emphasizes the importance of adapting to customer trends and will continue to monitor and respond to future needs.

Rocket Lab USA successfully launched two BlackSky Gen-2 Earth-imaging satellites on December 9, 2021, marking its 23rd mission from New Zealand's Launch Complex 1. This launch increased BlackSky's satellite constellation to 12. Rocket Lab has now deployed a total of 109 satellites since its inception. The mission, part of a broader agreement with Spaceflight, demonstrates the company’s commitment to expanding satellite deployment rapidly. With a busy 2022 launch schedule planned, Rocket Lab continues to enhance its capabilities, including developing the Neutron launch vehicle for larger missions.