Stonegate Updates Coverage on BlackSky Technology, Inc. BKSY 3Q24
DALLAS, TX -- November 8th, 2024 -- BlackSky Technology, Inc. BKSY: Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. BKSY. BlackSky reported revenue, adj EBITDA, and EPS of $22.5M, $0.7M, and ($0.66), respectively. This compares to our/consensus estimates of $29.2M/$27.5M, $3.7M/$3.1M, and ($0.08)/($0.49). This marks the fourth quarter in a row of positive adjusted EBITDA, driven by revenue growth and strong operating leverage. The revenue growth was headlined by 13.2% y/y growth in the Imagery and Software Analytics segment which was $17.3M, up from $15.3M in the prior year. Consolidated gross margins grew to 70.5%, an increase from 68.2% in 3Q23. Adj. EBITDA grew $1.2M from the $(0.4)M posted last year.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenue of $22.5 million, up 6% 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.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
Distributed by: Reportable, Inc.
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