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Blacksky Technology Inc  (BKSY)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $1.5900 $0.04 2.581%
Day's High: $1.62 Week Perf: 3.92 %
Day's Low: $ 1.52 30 Day Perf: 31.4 %
Volume (M): 543 52 Wk High: $ 2.37
Volume (M$): $ 863 52 Wk Avg: $1.45
Open: $1.52 52 Wk Low: $1.04



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 210
 Revenues (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) -65
 Cash Flow (TTM) (Millions $) -134
 Capital Exp. (TTM) (Millions $) 24

Blacksky Technology Inc
BlackSky, founded in 2014, is a major provider of real-time geospatial intelligence. We offer on-demand and high-frequency monitoring, as well as artificial intelligence ("AI")-enabled analytics, of the worlds most essential and significant sites, economic assets, and events. Several of the worlds most significant and demanding government and commercial institutions, including US defense and intelligence agencies and foreign ministries of defense, rely on the actionable intelligence we acquire and provide. Our Software-as-a-Service ("SaaS") platform, Spectra AI, provides automatic alerts, data, and insights to our clients, giving them a first-to-know advantage that they utilize to support day-to-day decision making. BlackSkys products are intended to assist a wide range of government and commercial applications, including national and homeland security, supply chain management, and business intelligence.
We own and operate one of the industry's leading high-performance low earth orbit ('LEO') small satellite ('smallsat' or 'smallsats') constellations. Our constellation is optimized to cost-efficiently capture imagery at high frequencies where and when our customers need it. The orbital configuration of our constellation is designed to collect data on the most critical and strategic locations on Earth where we believe approximately 90% of the global GDP occurs. With twelve satellites on orbit currently, our constellation is able to image certain locations every hour, from dawn to dusk, providing our customers with insights and situational awareness throughout the day. Our satellites are designed with agile pointing capabilities that enable our customers to task our constellation on demand to collect specific locations of interest. Our tasking methodology employs proprietary AI-enabled software to efficiently collect the most important areas of interest to our customers. We believe that our focus on critical, strategic, and economic infrastructure and the AI-enabled tasking of our constellation differentiates us from our competitors, who are dedicated primarily to mapping the entirety of the Earth every day and who, therefore, require up to hundreds of satellites or incrementally more expensive satellites to support their mission. Our focused approach enables us to deliver highly targeted and valuable intelligence with a smaller constellation that has the added benefit of greater operating and capital efficiencies.
BlackSky's Spectra AI software platform processes millions of observations a day from our proprietary satellite constellation and from multiple external data sources including imaging, radar and radio frequency satellites, environmental sensors, asset tracking sensors, Internet of Things ('IoT') connected devices, internet-enabled narrative sources, and a variety of geotemporal data feeds. Spectra AI employs advanced, proprietary AI and machine learning ('ML') techniques to process, analyze, and transform these data feeds into alerts, information, and insights. Customers can access Spectra AI's data and analytics through easy-to-use web services or through platform application programming interfaces ('APIs').
Our operating strategy is to continue to enhance the capabilities of our satellite constellation, to increase the number of third-party data sources processed by Spectra AI, and to expand our analytics offerings in order to increase the value we deliver to our customers. Our two operating assets'our satellite constellation and our Spectra AI software platform'are mutually reinforcing: as we capture ever more information about the world's most important economic and strategic locations, our proprietary database expands and increases its utility; enabling us to better detect, understand, and predict changes that matter most to our customers. Our business has a natural and powerful 'flywheel' effect: the more data we collect and analyze, the more valuable the insights we can deliver to our customers.


   Company Address: 13241 Woodland Park Road Herndon 20171 VA
   Company Phone Number: 267-1571   Stock Exchange / Ticker: NYSE BKSY
   BKSY is expected to report next financial results on February 28, 2024.


Customers Net Income fell by BKSY's Customers Net Profit Margin fell to

-64.37 %

2.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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ASTR   -6.22%    
TFC        0.25% 
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Blacksky Technology Inc

Blacksky Technology Inc Sets New Standards with Exceptional Performance in the Fiscal Quarter Ending September 30, 2023



Blacksky Technology Inc (NYSE: BKSY), a leading provider of imagery and software analytical services, recently announced its financial results for the third quarter ended September 30, 2023. While the company recorded a surge in revenue during this period, its profits remained stagnant. This article explores the implications of these financials on Blacksky's future performance.
Revenue Growth:
Blacksky reported a substantial 25.539% increase in revenue, reaching $21.26 million in the third quarter of 2023 compared to the same period last year. Additionally, the company's imagery and software analytical services revenue grew by 11% compared to the prior year quarter. These revenue growth rates indicate that Blacksky is successfully gaining traction in the market and expanding its customer base.

Blacksky Technology Inc

Blacksky Technology Inc Defies Industry Trends with Surging Revenue but Faces Growing Deficit in Consumer Electronics Sector



Blacksky Technology Inc, a leading Consumer Electronics company, has announced a significant surge in revenue during the fiscal period of April to June 2023. The company experienced a remarkable 27.976% increase in revenue, amounting to $19.33 million, as compared to the same period in the previous year. This growth is seen as a new revelation in an industry that has witnessed a decline of -16.50% in business.
However, the surge in revenue was accompanied by an increased deficit per share at $-0.24, a rise from $-0.14 during the preceding period. Despite the slight increase in the deficit, Blacksky Technology Inc's performance stands out amid a struggling Consumer Electronics sector.

Blacksky Technology Inc

Blacksky Technology Inc Shows Signs of Improvement with 32.391% Revenue Surge in Q1 2023

Blacksky Technology Inc has had a difficult 12 months ending in the first quarter of 2023, with the company recording a cumulative net loss of $-71 million. This has resulted in a negative return on equity (ROE) of -55.24%, indicating that the company's equity is not generating a return for its investors.
In comparison to other companies in the Electronic Instruments & Controls industry, Blacksky Technology Inc's ROE is lower than 32 other companies. However, the company's overall ranking has improved in the quarter to 2063 from the total ROE ranking in the fourth quarter of 2022 at 3547. This could indicate that the company is taking steps to improve its financial performanceUnfortunately, Blacksky Technology Inc lost money at $-0.14 per share in the first quarter of 2023 earnings season. This is despite the company's revenue surging by 32.391% to $18.40 million from the corresponding financial reporting period a year prior. In the previous financial reporting period, the company realized revenue of $19.42 million and $-0.09 per share.
In the fiscal time-frame ending on March 31, 2023, Blacksky Technology Inc reported a net loss of $-17.315 million. This is an improvement from the deficit of $-19.988 million in the corresponding financial reporting period a year ago.
Blacksky Technology Inc is expected to report its next financial earnings on August 09, 2023. Overall, the company has struggled financially in the past year, but there are some positive signs of improvement in its ROE ranking and reduced net loss. It will be interesting to see if the company can continue to build on any improvements in its upcoming earnings report.






 

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