BKSY Earnings Prediction
The chart below shows how BKSY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BKSY sees a +14.45% change in stock price 10 days leading up to the earnings, and a -5.88% change 10 days following the report. On the earnings day itself, the stock moves by -4.78%. This data can give you a slight idea of what to expect for the next quarter's release.
BKSY Key Earning Data
2024/Q4
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BKSY Earnings Analysis
Blacksky Technology Inc Corporation (BKSY.N) Earnings Conference Call
Positive
Gen-3 Satellite Launch Success: The successful launch of the first Gen-3 satellite on February 18, which entered initial imaging operations within five days, marks a significant technological advancement for BlackSky.
High-Resolution Satellite Imaging: The Gen-3 satellite offers very-high resolution imaging at 35 centimeters, enabling the delivery of AI-derived insights at rapid speeds, enhancing the company's competitive edge in space-based intelligence.
Satellite Expansion Plans: BlackSky is set to expand its Gen-3 constellation with plans for five additional satellites in 2025, demonstrating a commitment to scaling operations and meeting customer demand.
Strategic Contract Acquisition: A recent seven-year contract valued at over $100 million was secured with a strategic international customer, highlighting the growing demand for BlackSky's services and providing long-term revenue visibility.
New Market Entry: Contracts totaling approximately $20 million were won to support India's earth observation capabilities, marking a significant entry into a new market and expanding the customer base.
Positive Adjusted EBITDA Achievement: The company achieved its first full year of positive adjusted EBITDA in 2024, reflecting strong operating leverage and efficient scaling towards profitability.
Revenue Growth in 2024: Total revenue for 2024 reached $102.1 million, with significant growth in imagery and software analytical services revenue, driven by demand from government customers.
Backlog and Revenue Forecast: The multi-year backlog increased to approximately $390 million, providing a solid foundation for future revenue growth in 2025, with a forecasted revenue growth of 30% over the previous year.
Negative
Earnings Miss Report: BlackSky Technology Inc. misses on earnings expectations, reporting an EPS of $-0.39 compared to the expected $-0.28.
Rising Operational Costs: Cash operating expenses increased to $64.9 million in 2024, up from $63.1 million in 2023, indicating rising operational costs.
Impact of Acquisition Costs: The acquisition of LeoStella has led to costs that were previously capitalized now being recorded as operating expenses, impacting financial metrics.
Adjusted EBITDA Analysis: Despite achieving positive adjusted EBITDA for the first time, the adjusted EBITDA would have been higher at $13.4 million if LeoStella had remained a third-party manufacturer.
Capital Expenditure Projections: The company anticipates capital expenditures for 2025 to be between $60 million to $70 million, indicating significant ongoing investment needs.
Backlog Growth and Reliance: The company has a multi-year backlog of approximately $261 million, which has grown to $390 million with recent contract wins, but this also indicates reliance on future contracts for revenue growth.
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BKSY Earning Call Sentiment
BlackSky Technology Inc. (NYSE:BKSY) Q4 2024 Earnings Call Transcript
BKSY.N
3.18%Positive
The earnings call highlights strong financial performance with significant new contracts, improved EBITDA, and maintained cash balance. The Q&A reveals positive sentiment towards Gen-3's performance and future growth potential, despite some delays in imagery revenue. The guidance remains stable, and the backlog is robust. The company's strategic moves, like the LeoStella integration, are expected to drive efficiencies. Overall, the positive developments and future outlook suggest a stock price increase, especially with the recent contract wins and strong financial metrics.
