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BlackSky Technology Inc. - BKSY STOCK NEWS

Welcome to our dedicated page for BlackSky Technology news (Ticker: BKSY), a resource for investors and traders seeking the latest updates and insights on BlackSky Technology stock.

BlackSky Technology Inc. (NYSE: BKSY) is revolutionizing our ability to monitor and understand the world through real-time geospatial intelligence. Founded in 2013 and a wholly-owned subsidiary of Spaceflight Industries, BlackSky operates a planned 60-satellite constellation designed to capture high-quality satellite imagery and cover over 95% of the Earth's populated areas. This constellation provides near real-time satellite imagery, enabling businesses, nonprofits, and governments to make informed decisions.

The company's services are indispensable for monitoring and analyzing key economic assets, strategic locations, and global events. BlackSky's innovative Spectra AI software platform processes data from its constellation and other third-party sensors to generate actionable intelligence. This software is pivotal for delivering on-demand, high-frequency imagery and analytics that meet the specific needs of its customers.

Recently, BlackSky has achieved significant milestones, including a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals. The company is also on track to launch its next generation of satellites (Gen 3) in the upcoming fiscal year, further enhancing its imaging capabilities.

BlackSky operates globally, with a presence in North America, the Middle East, Asia, and other regions. Its parent company, Spaceflight Industries, under the leadership of founder Jason Andrews, aims to be a catalyst in the commercialization, exploration, and development of space.

Recent news highlights the growing interest in BlackSky, with Stonegate Capital Partners initiating coverage on the company. Stonegate Capital Partners is a leading firm offering investor relations, equity research, and institutional investor outreach services, further validating BlackSky's market potential and operational excellence.

News

BlackSky to Host Fourth Quarter and Full Year 2023 Results Conference Call

Rhea-AI Summary
BlackSky Technology Inc. (BKSY) will host a conference call to discuss fourth quarter and full year 2023 financial results and its business outlook on February 28, 2024. The press release with financial results will be released on the same day, and participants can access the live webcast or archived webcast on the company's investor relations website. Participants can also access the conference call and replay using the provided phone numbers and access codes.
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IARPA Selects BlackSky Spectra® Software Platform as Leading Space-Based AI Approach for Bringing Speed and Scalability to Broad Area Search Mission

Rhea-AI Summary
BlackSky Technology Inc. (NYSE: BKSY) has won a contract from IARPA to move into the final phase of the SMART program, emphasizing the transfer of broad area search technologies into other U.S. government programs. The company's AI tools now analyze over 20% of the Earth's surface every month, generating value for other U.S. government search and discovery efforts. BlackSky's AI tools have detected and classified over two million change observations with high accuracy over 120 thousand distinct sites.
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BlackSky Wins Initial Task Order Exceeding $1 Million Against New Multi-Year Contract to Deliver Space-based Intelligence Capabilities to Indonesian Ministry of Defense

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BlackSky Technology Inc. (BKSY) secures multi-year, $1 million+ contract from PT Len to provide real-time, high-frequency imagery and analytics services for the Ministry of Defense of the Republic of Indonesia. The Assured access program guarantees capacity to high-frequency, dawn-to-dusk imagery and AI-driven analytics over a dedicated area of interest, with immediate access and highest priority tasking requests for customers.
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BlackSky to Participate at Three Upcoming Investor Conferences

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BlackSky Technology Inc. (BKSY) to participate in three upcoming investor events in December
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BlackSky Reports Third Quarter 2023 Results

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BlackSky Technology Inc. (BKSY) reports a 26% increase in total revenue for Q3 2023, reaching $21.3 million. The company achieved nearly breakeven Adjusted EBITDA and saw a strong improvement in net income, with a net loss of $13.1 million in Q3 2022 turning into a net income of $0.7 million in Q3 2023. Revenue growth was driven by increased demand from U.S. and international government customers, and the company is on track to achieve positive Adjusted EBITDA in Q4 2023.
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BlackSky Makes 2023 Deloitte Technology Fast 500™ List of America';s Fastest-Growing Companies

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BlackSky Technology Inc. (NYSE: BKSY) has experienced a 377% revenue growth from fiscal year 2019 to 2022, earning a spot on the Deloitte Technology Fast 500™ list. The company provides real-time space-based intelligence, delivering high-resolution images and analytics to organizations worldwide. BlackSky remains on track to achieve positive Adjusted EBITDA in Q4 2023.
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BlackSky to Participate at Three Upcoming Investor Conferences

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BlackSky Technology Inc. (NYSE: BKSY) will participate in three upcoming investor events in November: Deutsche Bank Global Space Summit, Bernstein 2nd Annual Industrials Forum, and UBS Industrials Summit.
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BlackSky Presses International Momentum with Back-to-Back Contracts for Legacy Ministry of Defense Customer

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BlackSky Technology Inc. has won two contracts to provide real-time imagery and analytics services to a defense ministry customer. They will also conduct research on future multi-sensor space capabilities.
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BlackSky to Host Third Quarter 2023 Results Conference Call

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BlackSky Technology Inc. to host conference call for Q3 2023 financial results and business outlook
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BlackSky Wins Air Force Research Contract to Track Vehicles in Real Time from Space

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BlackSky Technology Inc. wins contract to build automated target recognition service for the U.S. Air Force
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FAQ

What is the current stock price of BlackSky Technology (BKSY)?

The current stock price of BlackSky Technology (BKSY) is $11.03 as of November 22, 2024.

What is the market cap of BlackSky Technology (BKSY)?

The market cap of BlackSky Technology (BKSY) is approximately 352.4M.

What does BlackSky Technology Inc. do?

BlackSky Technology Inc. provides real-time geospatial intelligence through high-frequency satellite imagery, monitoring, and analytics.

When was BlackSky Technology Inc. founded?

BlackSky Technology Inc. was founded in 2013.

What are the recent achievements of BlackSky Technology Inc.?

Recent achievements include a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals.

What is the Spectra AI software platform?

Spectra AI is a software platform that processes data from BlackSky's constellation and third-party sensors to generate actionable intelligence.

Who is the parent company of BlackSky Technology Inc.?

The parent company is Spaceflight Industries.

In which regions does BlackSky operate?

BlackSky operates in North America, the Middle East, Asia, and other regions.

What is the significance of BlackSky's 60-satellite constellation?

The 60-satellite constellation aims to capture high-quality imagery of over 95% of the Earth's populated areas, enabling real-time monitoring and decision-making.

What is the latest news about BlackSky Technology Inc.?

Stonegate Capital Partners has recently initiated coverage on BlackSky Technology Inc., noting significant revenue growth and new contracts.

What are the applications of BlackSky's geospatial intelligence services?

Applications include monitoring strategic locations, economic assets, and global events, aiding businesses, nonprofits, and governments.

Who founded Spaceflight Industries?

Spaceflight Industries was founded by Jason Andrews.

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BlackSky Technology Inc.

NYSE:BKSY

BKSY Rankings

#3411 Ranked by Market Cap
N/A Ranked by Dividends

BKSY Stock Data

352.42M
27.53M
10.43%
54.16%
5.39%
Scientific & Technical Instruments
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