Stonegate Updates Coverage on BlackSky Technology, Inc. (BKSY) 3Q24
BlackSky Technology (NYSE: BKSY) reported its Q3 2024 financial results with revenue of $22.5M, representing a 6% year-over-year increase. The company's Imagery and Software Analytics segment grew 13.2% to $17.3M. Consolidated gross margins improved to 70.5% from 68.2% in 3Q23. The company achieved positive adjusted EBITDA of $0.7M, marking the fourth consecutive quarter of positive adjusted EBITDA, though falling short of consensus estimates. Notable developments include the addition of non-Earth imaging services to its offerings.
BlackSky Technology (NYSE: BKSY) ha riportato i risultati finanziari per il terzo trimestre del 2024 con un fatturato di 22,5 milioni di dollari, che rappresenta un aumento del 6% rispetto all'anno precedente. Il segmento di Imaging e Software Analytics della società è cresciuto del 13,2% fino a raggiungere 17,3 milioni di dollari. I margini lordi consolidati sono migliorati al 70,5% rispetto al 68,2% del terzo trimestre del 2023. L'azienda ha ottenuto un EBITDA rettificato positivo di 0,7 milioni di dollari, segnando il quarto trimestre consecutivo di EBITDA rettificato positivo, anche se al di sotto delle stime consenso. Tra gli sviluppi notevoli c'è stata l'aggiunta di servizi di imaging non terrestre alle sue offerte.
BlackSky Technology (NYSE: BKSY) informó sobre sus resultados financieros del tercer trimestre de 2024 con ingresos de 22.5 millones de dólares, lo que representa un aumento del 6% interanual. El segmento de Imágenes y Análisis de Software de la empresa creció un 13.2% alcanzando 17.3 millones de dólares. Los márgenes brutos consolidados mejoraron al 70.5% desde el 68.2% en el tercer trimestre de 2023. La compañía logró un EBITDA ajustado positivo de 0.7 millones de dólares, marcando el cuarto trimestre consecutivo de EBITDA ajustado positivo, aunque no alcanzó las estimaciones de consenso. Los desarrollos notables incluyen la adición de servicios de imágenes no terrestres a su oferta.
BlackSky Technology (NYSE: BKSY)는 2024년 3분기 재무 결과를 보고하며 2250만 달러의 수익을 기록하여 지난해 같은 기간보다 6% 증가했습니다. 회사의 이미지 및 소프트웨어 분석 부문은 13.2% 성장하여 1730만 달러에 달했습니다. 통합 총 마진은 2023년 3분기 68.2%에서 70.5%로 개선되었습니다. 이 회사는 70만 달러의 조정 EBITDA를 달성하여 조정 EBITDA의 긍정적인 4분기가 연속으로 이어졌지만, 컨센서스 예상에는 미치지 못했습니다. 특히 주목할 만한 발전은 비지구 이미징 서비스의 추가입니다.
BlackSky Technology (NYSE: BKSY) a publié ses résultats financiers pour le troisième trimestre de 2024 avec un chiffre d'affaires de 22,5 millions de dollars, représentant une augmentation de 6% par rapport à l'année précédente. Le segment d'Imagerie et d'Analyse Logicielle de l'entreprise a progressé de 13,2% pour atteindre 17,3 millions de dollars. Les marges brutes consolidées se sont améliorées à 70,5% contre 68,2% au troisième trimestre 2023. L'entreprise a réalisé un EBITDA ajusté positif de 0,7 million de dollars, marquant le quatrième trimestre consécutif d'EBITDA ajusté positif, bien qu'il soit en deçà des estimations du consensus. Parmi les développements notables, on trouve l'ajout de services d'imagerie non terrestre à ses offres.
BlackSky Technology (NYSE: BKSY) hat seine finanziellen Ergebnisse für das 3. Quartal 2024 veröffentlicht und meldete Einnahmen von 22,5 Millionen US-Dollar, was einem Anstieg von 6% im Jahresvergleich entspricht. Der Bereich Bilder und Software-Analytik des Unternehmens wuchs um 13,2% auf 17,3 Millionen US-Dollar. Die konsolidierten Bruttomargen verbesserten sich auf 70,5% von 68,2% im 3. Quartal 2023. Das Unternehmen erreichte ein positives bereinigtes EBITDA von 0,7 Millionen US-Dollar und verzeichnete das vierte Quartal in Folge mit positivem bereinigtem EBITDA, blieb jedoch hinter den Konsensschätzungen zurück. Zu den bemerkenswerten Entwicklungen gehört die Aufnahme von Nicht-Erde-Imaging-Diensten in das Angebot.
- Revenue increased 6% year-over-year to $22.5M
- Imagery and Software Analytics segment grew 13.2% to $17.3M
- Gross margins improved to 70.5% from 68.2%
- Fourth consecutive quarter of positive adjusted EBITDA
- Revenue missed consensus estimates of $27.5M
- Adjusted EBITDA of $0.7M fell short of consensus estimates of $3.1M
- EPS of ($0.66) missed consensus estimates of ($0.49)
Insights
The Q3 results present a mixed picture. While showing 6% year-over-year revenue growth to
The core Imagery and Software Analytics segment's
Dallas, Texas--(Newsfile Corp. - November 8, 2024) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). BlackSky reported revenue, adj EBITDA, and EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenue of
$22.5 million , up6% from the prior year quarter. - BKSY has added non-Earth imaging services to its offerings.
- Imagery & software analytical services revenue grew
13% over the prior year quarter.
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/229281
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