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Stonegate Updates Coverage on BlackSky Technology, Inc. (BKSY) 2Q24

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BlackSky Technology, Inc. (NYSE: BKSY) has received an updated coverage report from Stonegate Capital Partners. The key takeaways from the report highlight significant progress for the company:

1. Revenue growth of 29% year-over-year, indicating strong market performance.
2. Secured a new contract worth $7.0 million, boosting the company's project pipeline.
3. The company's Gen 3 satellites are on schedule to begin launching in the fourth quarter of 2024, potentially enhancing BlackSky's technological capabilities and market position.

These developments suggest positive momentum for BlackSky Technology in terms of financial performance, business expansion, and technological advancement.

BlackSky Technology, Inc. (NYSE: BKSY) ha ricevuto un aggiornamento del rapporto di copertura da Stonegate Capital Partners. I punti principali del rapporto evidenziano significativi progressi per l'azienda:

1. Crescita dei ricavi del 29% su base annua, indicando un forte rendimento di mercato.
2. Ha ottenuto un nuovo contratto del valore di 7,0 milioni di dollari, aumentando il portafoglio progetti dell'azienda.
3. I sateliti Gen 3 dell'azienda sono in programma per iniziare i lanci nel quarto trimestre del 2024, potenzialmente migliorando le capacità tecnologiche di BlackSky e la sua posizione di mercato.

Questi sviluppi suggeriscono un momento positivo per BlackSky Technology in termini di performance finanziaria, espansione commerciale e avanzamento tecnologico.

BlackSky Technology, Inc. (NYSE: BKSY) ha recibido un informe de cobertura actualizado de Stonegate Capital Partners. Los aspectos más destacados del informe subrayan un progreso significativo para la empresa:

1. Crecimiento de los ingresos del 29% interanual, lo que indica un fuerte rendimiento en el mercado.
2. Aseguró un nuevo contrato por valor de 7,0 millones de dólares, aumentando la cartera de proyectos de la empresa.
3. Los satelites Gen 3 de la empresa están en camino de comenzar los lanzamientos en el cuarto trimestre de 2024, lo que potencialmente mejorará las capacidades tecnológicas de BlackSky y su posición en el mercado.

Estos desarrollos sugieren un impulso positivo para BlackSky Technology en términos de rendimiento financiero, expansión empresarial y avance tecnológico.

BlackSky Technology, Inc. (NYSE: BKSY)는 Stonegate Capital Partners로부터 업데이트된 커버리지 보고서를 받았습니다. 보고서의 주요 내용은 회사의 상당한 발전을 강조합니다:

1. 전년 대비 29%의 수익 성장, 강력한 시장 성과를 나타냅니다.
2. 700만 달러 상당의 새로운 계약 확보, 회사의 프로젝트 파이프라인을 강화합니다.
3. 회사의 Gen 3 위성이 일정에 따라 2024년 4분기에 발사될 예정이며, 이는 BlackSky의 기술 역량과 시장 위치를 향상시킬 수 있습니다.

이러한 발전은 BlackSky Technology의 재무 성과, 사업 확장 및 기술 발전 측면에서 긍정적인 모멘텀을 제안합니다.

BlackSky Technology, Inc. (NYSE: BKSY) a reçu un rapport de couverture mis à jour de Stonegate Capital Partners. Les principaux points à retenir du rapport mettent en avant les progrès significatifs de l'entreprise :

1. Croissance des revenus de 29% d'une année sur l'autre, indiquant des performances solides sur le marché.
2. Obtention d'un nouveau contrat d'une valeur de 7,0 millions de dollars, renforçant le pipeline de projets de l'entreprise.
3. Les satellites Gen 3 de l'entreprise sont dans les temps pour commencer à être lancés au quatrième trimestre de 2024, ce qui pourrait améliorer les capacités technologiques de BlackSky et sa position sur le marché.

Ces développements suggèrent un élan positif pour BlackSky Technology en termes de performance financière, d'expansion commerciale et de progrès technologique.

BlackSky Technology, Inc. (NYSE: BKSY) hat einen aktualisierten Coverage-Bericht von Stonegate Capital Partners erhalten. Die wichtigsten Punkte des Berichts heben signifikante Fortschritte für das Unternehmen hervor:

1. Umsatzwachstum von 29% im Jahresvergleich, was eine starke Marktleistung anzeigt.
2. Ein neuer Vertrag im Wert von 7,0 Millionen USD abgesteckt, der die Projektpipeline des Unternehmens stärkt.
3. Die Gen 3-Satelliten des Unternehmens sind im Zeitplan, um im vierten Quartal 2024 zu starten, was potenziell die technologischen Fähigkeiten von BlackSky und die Marktposition verbessert.

Diese Entwicklungen deuten auf einen positiven Aufwärtstrend für BlackSky Technology hinsichtlich finanzieller Leistung, Geschäftserweiterung und technologischen Fortschritts hin.

Positive
  • Revenue increased by 29% year-over-year
  • Awarded a new contract worth $7.0 million
  • Gen 3 satellites on track for launch in Q4 2024
Negative
  • None.

Dallas, Texas--(Newsfile Corp. - August 9, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Revenue increased 29% year over year
  • Awarded a $7.0M new contract
  • Gen 3 satellites on track to begin launching in 4Q24

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/219381_figure1_550.jpg

Click image above to view full announcement.


About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219381

FAQ

What was BlackSky Technology's (BKSY) revenue growth in the latest report?

According to the Stonegate Capital Partners coverage update, BlackSky Technology (BKSY) reported a 29% year-over-year increase in revenue.

What new contract did BlackSky Technology (BKSY) secure recently?

BlackSky Technology (BKSY) was awarded a new contract worth $7.0 million, as reported in the Stonegate Capital Partners coverage update.

When is BlackSky Technology (BKSY) planning to launch its Gen 3 satellites?

BlackSky Technology (BKSY) is on track to begin launching its Gen 3 satellites in the fourth quarter of 2024, according to the latest coverage update.

Who provided the updated coverage on BlackSky Technology (BKSY)?

Stonegate Capital Partners provided the updated coverage on BlackSky Technology (BKSY).

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