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0 0.0131578947368421 -0.00263157894736848 -0.00263157894736848 -0.181578947368421 -0.0943947368421053 -0.0815789473684211 -0.0473684210526316
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BlackSky Reports Third Quarter 2024 Results

BlackSky Technology Inc. Class A (BKSY) 
Company Research Source: Business Wire
Company Receives New Awards Valued up to $780 MillionYTD Revenue Growth of 22%; Company Reaffirms Full Year 2024 GuidanceFirst Gen-3 Satellite Completing Final Pre-Ship Testing HERNDON, Va.--(BUSINESS WIRE)--BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY) announced results for the third quarter ended September 30, 2024.Third Quarter Financial Highlights:Revenue of $22.5 million, up 6% from the prior year quarterImagery & software analytical services revenue grew 13% over the prior year quarterImagery & software analytical services cost of sales(1), as a percent of revenue, improved to 21% from 23% in the prior year quarter“We delivered a strong quarter of multi-year contract bookings valued up to $780 million, continuing to demonstrate growing demand for our high-frequency monitoring and AI-enabled analytic services,” said Brian E. O’Toole, BlackSky CEO. “We successfully raised over $45 million, which has strengthened our balance sheet and provides the capital, Show less Read more
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