BlackSky is a leading provider of real-time geospatial intelligence, operating its own constellation of Earth observation satellites in low Earth orbit. The company delivers on-demand, high-frequency imagery, monitoring, and analytics of critical locations and events using its AI-powered Spectra platform. BlackSky serves government organizations and commercial enterprises, providing them with timely insights and data for strategic decision-making.
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BlackSky expects capital expenditures for the full year 2023 to be between $40,000,000 and $45,000,000.
BlackSky reported professional and engineering services revenue of $3,300,000 for the fourth quarter of 2022.
BlackSky completed a private placement of approximately $29,500,000 from a syndicate of new and existing institutional investors.
BlackSky reported imagery and software analytical services revenue of $47,400,000 for the full year 2022, a 209% increase over 2021.
BlackSky reported operating expenses of $116,100,000 for the full year 2022, which included $18,100,000 of non-cash stock-based compensation expense.
BlackSky reported an Adjusted EBITDA loss of $29,500,000 for the full year 2022, compared to an Adjusted EBITDA loss of $44,400,000 in 2021.
BlackSky’s multi-year backlog increased to over $250,000,000 following the international ministry of defense contract award.
BlackSky reported an Adjusted EBITDA loss of $4,600,000 for the fourth quarter of 2022, compared to an Adjusted EBITDA loss of $14,400,000 in the prior year quarter.
BlackSky Technology Inc. issued warrants to purchase up to an additional 16,403,677 shares of Class A common stock in the private placement.
BlackSky reported imagery and software analytical services revenue of $16,200,000 for the fourth quarter of 2022, a 196% increase over the prior year quarter.
BlackSky Technology Inc. won a competitive contract valued at more than $150,000,000 to provide advanced space-based tactical GEOINT-as-a-service to an international ministry of defense customer.
BlackSky’s cost of sales as a percent of revenue for the full year 2022 was 55%, compared to 102% in 2021.
BlackSky’s imagery and software analytical services cost of sales as a percent of revenue was 24% in the fourth quarter of 2022, compared to 70% in the fourth quarter of 2021.
BlackSky’s cost of sales as a percent of revenue was 40% for the fourth quarter of 2022, compared to 89% in the fourth quarter of 2021.
BlackSky was awarded a $150+ million multi-year subscription contract with a major international ministry of defense to provide next generation space-based tactical geospatial intelligence services.
BlackSky expects full year 2023 revenue to be between $90,000,000 and $96,000,000.
BlackSky reported an operating loss of $86,500,000 for the full year 2022, compared to an operating loss of $120,100,000 in 2021.
BlackSky reported an operating loss of $18,300,000 for the fourth quarter of 2022, compared to an operating loss of $31,900,000 in the fourth quarter of 2021.
Excluding stock-based compensation and a 2021 satellite impairment loss, BlackSky’s operating expenses were $97,900,000 in 2022 compared to $62,600,000 in 2021.
BlackSky reported operating expenses of $30,000,000 for the fourth quarter of 2022, which included $3,300,000 of non-cash stock-based compensation expense.