BlackSky Technology Inc. - BKSY STOCK NEWS

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.

BlackSky Technology Inc. (BKSY) has entered a reseller agreement with Airbus, expanding its satellite imagery offerings. This strategic partnership enables BlackSky to provide all-weather, high-resolution imagery to meet customer demands globally, enhancing their dynamic monitoring platform. The agreement grants BlackSky rights to 23 Airbus tasking and archive products, including Pléiades Neo and SAR imagery. The collaboration aims to optimize operational monitoring for various applications. BlackSky continues to be a key player in real-time geospatial intelligence.

BlackSky Technology Inc. (NYSE: BKSY) will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with CEO Brian O’Toole presenting at 8 AM Eastern Time. The event takes place at InterContinental Boston. Interested parties can access the live webcast through BlackSky's investor relations website. Management will also hold one-on-one meetings with registered investors throughout the day.

BlackSky is a leader in real-time geospatial intelligence, operating a small satellite constellation that provides cost-effective imagery and analytics.

BlackSky Technology Inc. (NYSE: BKSY) will host a conference call to discuss its second quarter 2022 results and business outlook on August 10, 2022, at 8:30 AM ET. A press release detailing financial results will precede the call. Participants can access the live and archived webcasts through BlackSky’s investor relations website. To join the call, dial 1-877-589-7299 (domestic) or 1-201-689-8778 (international) at least ten minutes before the start. A replay will be available from 12:30 PM ET on the same day until August 24, 2022.

BlackSky Technology (NYSE: BKSY) has been awarded $4.4 million by the Intelligence Advanced Research Projects Activity (IARPA) for the second phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) Program. This funding will enhance the company's Spectra AI machine-learning platform, aimed at automating quantitative analysis of space-based imagery. The SMART program seeks to identify natural and man-made events using time-series imagery, employing sophisticated machine learning algorithms developed by BlackSky.

BlackSky Technology and Esri have launched BlackSky Tasking, a new cloud-based satellite tasking app integrated with ArcGIS Online. This app allows Esri users to access BlackSky's dynamic satellite services, enabling them to place tasks for satellite imagery and receive on-demand images within hours. The automated process supports near real-time imagery incorporation into existing workflows, making satellite data more accessible for decision-making. The app is now available in the Esri ArcGIS Marketplace.

BlackSky Technology Inc. (NYSE: BKSY) will showcase its AI-driven dynamic monitoring capabilities at AWS re:MARS 2022 in Las Vegas. Chief Innovation Officer Dr. Patrick O’Neil will discuss how intelligent automation enhances BlackSky’s monitoring solutions.

BlackSky's advancements enable hourly monitoring of crucial locations following its successful constellation expansion in 2021. Attendees can engage with Dr. O’Neil during demonstrations and events on June 22. BlackSky specializes in real-time geospatial intelligence, offering high-frequency imagery and analytics for critical locations worldwide.