BlackSky Technology Inc. - BKSY STOCK NEWS

BlackSky Technology (NYSE: BKSY) has secured a $10 million contract to provide on-demand, real-time high-resolution imagery services to an international ministry of defense in Asia for one year. This contract signifies a five-fold increase in capacity usage by the client compared to the previous year, highlighting the growing demand for high-frequency imagery and analytics. The company reports delivering thousands of images monthly, providing critical insights into economically significant infrastructures.

BlackSky Technology Inc. (NYSE: BKSY) will hold a conference call on Tuesday, November 8, 2022, at 8:30 AM ET to discuss its third quarter 2022 results and business outlook. A press release detailing financial results will be issued the same day. Interested participants can access the live or archived webcast via the company's investor relations website. For the conference call, dial-in numbers include 1-877-589-7299 (domestic) and 1-201-689-8778 (international). A replay will be available from 12:30 PM ET on November 8 through November 22, 2022.

BlackSky Technology has filed two S-3 Registration Statements with the SEC. The first registers previously issued securities, converting an S-1 into an S-3 without new share issuances. The second is a shelf registration allowing future issuance of various securities, providing capital market access as needed for the Company and stockholders. BlackSky offers real-time geospatial intelligence through a satellite constellation, and aims for prudent corporate governance.

BlackSky Technology has partnered with Skytec to integrate hourly, high-resolution satellite imagery into Skytec's Ranger™ platform via Esri ArcGIS Online. This collaboration allows Skytec users to access BlackSky's dynamic imagery products efficiently. The integration aims to enhance geospatial intelligence for industries including natural resource management and corporate sustainability. BlackSky is focused on providing real-time insights through its low earth orbit satellite constellation, catering to government and commercial clients worldwide.

BlackSky Technology (NYSE: BKSY) has secured $13.8 million in orders within the first year of a five-year contract with the National Geospatial-Intelligence Agency (NGA) to monitor global economic activity. These awards highlight the increasing demand for commercial, real-time monitoring services that deliver actionable insights on economic indicators.

BlackSky’s platform has successfully scaled to meet customer demand, collecting thousands of observations worldwide. The company provides high-frequency imaging and analytics, integrating seamlessly into existing workflows.

BlackSky Technology (NYSE: BKSY) has been awarded the Pioneer in Space Business Award at the World Satellite Business Week Summit in Paris. This recognition by Euroconsult highlights BlackSky's innovative contributions to the earth imaging industry, particularly in dynamic monitoring and geospatial intelligence. In the past year, the company has doubled its satellite capacity and secured its largest contract, valued at over $1 billion for the next decade, reinforcing its position as a leader in real-time global intelligence.

BlackSky Technology Inc. (NYSE: BKSY) announced that CFO Henry Dubois will attend the Lake Street Capital Markets 6th Annual Best Ideas Growth Conference on September 14, 2022, at The Yale Club in New York. Mr. Dubois will be available for one-on-one meetings with registered investors throughout the day. BlackSky is a leader in real-time geospatial intelligence, providing on-demand high-frequency imagery and analytics through its advanced satellite constellation and Spectra AI software platform. The company serves various U.S. and international agencies and businesses.

BlackSky Technology Inc. (NYSE: BKSY) has received a $1.7 million call order from NASA for its imaging data services under the Commercial Smallsat Data Acquisition (CSDA) Program. This order will assess the accessibility and quality of BlackSky's dynamic data sets, supporting NASA's Earth System Science initiatives. The agreement extends over five years and enhances BlackSky's role in providing high-frequency, real-time geospatial intelligence, leveraging the Spectra AI platform for advanced data analytics.

BlackSky Technology reported a significant 105% revenue increase year-over-year, reaching $15.1 million in Q2 2022. Imagery and software analytical services constituted 88% of total revenue, growing by 161%. The company secured major contracts totaling up to $1.27 billion, enhancing its outlook with expected full-year revenue between $62 million and $66 million, marking an 88% annual growth. Despite a net loss of $26.3 million and adjusted EBITDA loss of $8.8 million, BlackSky's strong customer demand and new partnerships signal potential for future growth.