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

Rhea-AI Summary

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.

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

Click image above to view full announcement.

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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).