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HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #analytics--BlackSky wins expanded seven-figure Gen-3 Assured contract with international defense partner.

BlackSky Technology Inc. (NYSE: BKSY) signed a seven-figure annual extension with HEO to enable fully automated, low-latency non-Earth imaging (NEI). The renewal agreement marks a significant technological evolution in the partnership, incorporating access to BlackSky’s next-generation, very high-resolution Gen-3 imagery to provide unmatched clarity, quality, frequency and speed for global space domain awareness (SDA) missions across defense, intelligence and commercial sectors. The partnership grew quickly from an initial short-term, six-figure pilot to a growing seven-figure annual contract now entering its third year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261015435726/en/

A BlackSky non-Earth image of the Landsat-5 satellite collected through the HEO Inspect platform.

“Our expanded partnership with HEO reflects the rapid evolution of non-Earth imagery from a specialized proof-of-concept into a critical component of mainstream space domain awareness,” said Brian O’Toole, BlackSky CEO. “With access to our combined Gen-2 and Gen-3 constellation, customers gain industry-leading image clarity and more collection opportunities essential for observing and characterizing intricate objects in orbit. Our software-defined, AI-enabled end-to-end architecture provides the flexibility to seamlessly leverage unused constellation capacity and deliver high-value, real-time intelligence for vital SDA missions without disrupting our primary terrestrial imaging operations.”

“We are entering an era where we must inspect, understand and maintain the infrastructure we put in orbit. That requires more frequent access to high-resolution imagery, without building a dedicated spacecraft for every mission,” said Will Crowe, HEO CEO & Co-Founder. “By combining BlackSky’s constellation with HEO’s software, we can unlock more value from existing space infrastructure and give customers a clearer picture of the objects they depend on.”

The expansion introduces next-generation capabilities, combining BlackSky’s high-cadence Gen-2 monitoring constellation with the increased imaging precision of its Gen-3 satellites. By leveraging BlackSky’s advanced architecture, HEO’s target and imaging algorithms will identify expanded SDA tracking opportunities with access to BlackSky’s full constellation to observe, characterize, and track spacecraft and other objects in orbit. Higher resolution Gen-3 imagery will also enable deeper analysis and richer insights into objects in orbit, delivering more frequent and precise intelligence at mission speed.

The relationship between BlackSky and HEO began in 2024 with the integration of BlackSky's proprietary mid-inclination orbit constellation into the HEO Inspect platform. The partnership progressed through rigorous phases of development, expanding HEO customers’ access to BlackSky’s NEI. Today, this fully automated tasking-to-delivery pipeline through HEO Inspect allows international defense and commercial operators to generate rapid analytics reports, identify satellite subsystems, perform anomaly detection, and map pattern-of-life behaviors enabled by object detection and identification algorithms and data fusion.

About BlackSky

BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets and events in the world. BlackSky owns and operates one of the industry’s most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low Earth orbit satellite constellation.

With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on X.

About HEO

HEO is building the intelligence layer for space. We image objects in orbit on demand, turning existing satellites into inspection platforms and building our own sensors where coverage gaps remain. Our software automates tasking, capture and analysis, turning imagery into insight about the condition, configuration and behaviour of objects in orbit. HEO operates internationally, with offices in Australia, France, Japan, the United Kingdom and the United States. Our goal is to make any image in the Solar System available on demand.

Forward-Looking Statements

Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261015435726/en/

BlackSky Technology Inc (BKSY) Stock Down 5.1% but Still Overvalued -- GF Score: 54/100
On October 12, 2026, BlackSky Technology Inc BKSY shares experienced a decline of 5.1%, bringing the current price to $19.86. Over the past year, the stock has fluctuated significantly, with a 52-week range between $12.41 and $52.88.

GF Value™ verdict: Current price is $19.86 vs GF Value of $7.42, indicating a 167.7% overvaluation.GF Score™: 54/100, which reflects an average overall assessment of the company's fundamentals.Most notable signal: Insiders sold $5.2M worth of shares over the past 12 months, indicating a lack of confidence from those closest to the company.Is BKSY Overvalued or Undervalued?BlackSky Technology Inc’s current price of $19.86 stands well above its GF Value™ estimate of $7.42. This substantial gap indicates that the stock is considered significantly overvalued, with a margin of safety that is not currently present for potential investors. GF Value™ is a proprietary estimate by GuruFocus that derives its figure from a combination of historical trading multiples, past business growth, and forecasts for future performance. In this case, the GF Value™ of $7.42 serves as a directional warning rather than a precise fair-value target, especially for a company that is unprofitable and cash-flow negative.

The risk associated with investing in BKSY at its current valuation is notable. Given that the stock is trading at 167.7% above its estimated fair value, the likelihood of a price correction is high. Investors may face significant downside if market sentiment shifts, especially in light of the company’s weak financial metrics.

How Does BKSY's Valuation Compare to Its History?Currently, BlackSky Technology Inc does not have a P/E ratio available due to its unprofitability. Thus, a direct comparison to its 5-year median P/E or its forward P/E is not applicable. Instead, it is more relevant to analyze the company through a Price-to-Sales (P/S) ratio perspective, especially given its cash-flow negative status. The historical median P/S ratio for similar companies in the business services industry is approximately 3.3x. This suggests that the current valuation significantly deviates from historical levels, reinforcing the notion of overvaluation consistent with the GF Value™ assessment.

What Does BKSY's GF Score™ Tell Us?GF Score™ measures a company's financial strength, profitability, growth potential, valuation, and momentum, providing a comprehensive overview of its health and performance. BlackSky Technology Inc has a GF Score™ of 54/100, which is categorized as average. The strongest sub-rank is its Growth Rank at 6/10, indicating some potential for future expansion. Conversely, its weakest area is the Valuation Rank at 1/10, further confirming the stock's overvalued status.

MetricRatingGF Score™54/100Financial Strength4/10Profitability2/10Growth6/10Valuation1/10Momentum5/10These scores indicate that while BlackSky shows some potential for growth, it significantly struggles in terms of profitability and valuation. This combination suggests that the company's current market price may not be justified by its underlying financial performance.

What Are Gurus and Insiders Doing with BKSY?Currently, three gurus hold shares in BlackSky Technology Inc, and all three have added to their positions in recent quarters. This indicates a level of confidence from institutional investors. However, it is important to note that insider activity has shown a different sentiment, with insiders selling $5.2 million worth of shares over the past 12 months without any buying activity. This pattern of insider selling could imply that those with the most intimate knowledge of the company's operations are not optimistic about its short-term prospects.

The divergence between guru activity and insider selling presents a mixed signal to potential investors. While the guru interest may suggest some confidence in the company's strategic direction or potential, the lack of insider buying and significant selling raises concerns about the company's immediate financial outlook.

What This Means for InvestorsGiven the analysis, BlackSky Technology Inc appears to be significantly overvalued based on its GF Value™ assessment of $7.42 compared to its current price of $19.86. The prevailing metrics, including the average GF Score™ and the concerning insider selling activity, further substantiate the cautious stance on the stock's valuation. Investors should approach this stock with due diligence and consider the risks associated with its current valuation relative to its financial performance.

For more detailed information, you can visit the BlackSky Technology Inc BKSY stock page and explore additional insights on the GF Value™ page.

Frequently Asked QuestionsWhat is BKSY's GF Score™?

BKSY's GF Score™ is currently 54/100, indicating an average assessment of the company's fundamentals and performance.

Is BKSY overvalued or undervalued?

BKSY is considered overvalued based on the GF Value™ estimate of $7.42, which is significantly lower than the current market price of $19.86.

What is BKSY's P/E ratio?

BKSY does not have an available P/E ratio due to its unprofitability, making it difficult to assess against historical earnings-based metrics.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures
I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #analytics--Blacksky wins six-figure Gen-3 On-Demand pilot contract with new international intelligence customer.

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is BlackSky Technology Inc. (BKSY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.

BlackSky Technology Inc. is a member of the Business Services sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for BKSY's full-year earnings has moved 17.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that BKSY has returned about 16.8% since the start of the calendar year. In comparison, Business Services companies have returned an average of -13.7%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.

Another stock in the Business Services sector, NIQ Global Intelligence plc (NIQ - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.5%.

In NIQ Global Intelligence plc's case, the consensus EPS estimate for the current year increased 11.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, BlackSky Technology Inc. is a member of the Technology Services industry, which includes 122 individual companies and currently sits at #166 in the Zacks Industry Rank. This group has lost an average of 14% so far this year, so BKSY is performing better in this area.

On the other hand, NIQ Global Intelligence plc belongs to the Advertising and Marketing industry. This 16-stock industry is currently ranked #78. The industry has moved -8.9% year to date.

Investors interested in the Business Services sector may want to keep a close eye on BlackSky Technology Inc. and NIQ Global Intelligence plc as they attempt to continue their solid performance.

Shares of BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.33.

A number of brokerages have recently commented on BKSY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th.

Get Our Latest Analysis on BKSY

Insider Transactions at BlackSky Technology In related news, CFO Henry Dubois sold 4,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $22.97, for a total value of $91,880.00. Following the completion of the transaction, the chief financial officer owned 478,931 shares of the company’s stock, valued at approximately $11,001,045.07. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christiana L. Lin sold 6,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $23.10, for a total value of $138,600.00. Following the transaction, the chief accounting officer owned 421,680 shares in the company, valued at $9,740,808. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 138,557 shares of company stock valued at $2,991,269 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several large investors have recently made changes to their positions in BKSY. Tidal Investments LLC purchased a new position in shares of BlackSky Technology during the 2nd quarter valued at approximately $39,289,000. Integrated Wealth Concepts LLC purchased a new stake in BlackSky Technology in the 2nd quarter worth $216,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology during the second quarter worth $1,127,000. Connective Capital Management LLC acquired a new position in BlackSky Technology during the second quarter worth $400,000. Finally, Arizona State Retirement System purchased a new position in BlackSky Technology during the second quarter valued at $236,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Stock Performance NYSE BKSY opened at $21.86 on Wednesday. The firm has a market capitalization of $894.43 million, a P/E ratio of -12.01 and a beta of 2.61. The stock has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $29.69. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. BlackSky Technology has a fifty-two week low of $12.41 and a fifty-two week high of $52.88.

BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. On average, equities analysts forecast that BlackSky Technology will post -1.09 earnings per share for the current year.

(Get Free Report)

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

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BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CAO Christiana Lin sold 6,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $23.10, for a total transaction of $138,600.00. Following the completion of the transaction, the chief accounting officer owned 421,680 shares in the company, valued at approximately $9,740,808. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance Shares of NYSE BKSY opened at $23.20 on Wednesday. The company has a 50-day simple moving average of $24.16 and a 200-day simple moving average of $29.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The company has a market cap of $949.26 million, a PE ratio of -12.75 and a beta of 2.61. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88.

BlackSky Technology (NYSE:BKSY – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). The firm had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. On average, equities analysts anticipate that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth Several analysts have commented on the company. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BlackSky Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33. Check Out Our Latest Research Report on BKSY

Hedge Funds Weigh In On BlackSky Technology A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in BlackSky Technology during the first quarter valued at $48,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of BlackSky Technology during the 4th quarter worth $95,000. Leonteq Securities AG bought a new position in shares of BlackSky Technology in the fourth quarter worth about $115,000. Integrated Wealth Concepts LLC bought a new position in BlackSky Technology in the 2nd quarter worth approximately $216,000. Finally, Arizona State Retirement System acquired a new position in BlackSky Technology during the 2nd quarter valued at $236,000. 27.15% of the stock is owned by institutional investors.

(Get Free Report)

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

See Also Five stocks we like better than BlackSky Technology Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring AMD Chips Away at NVIDIA’s AI Throne Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?

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BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CEO Brian O’toole sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $22.88, for a total transaction of $457,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,043,396 shares in the company, valued at $23,872,900.48. This trade represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Trading Up 0.1% BKSY opened at $23.20 on Wednesday. The firm has a 50 day simple moving average of $24.16 and a 200 day simple moving average of $29.74. BlackSky Technology Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The company has a market cap of $949.26 million, a price-to-earnings ratio of -12.75 and a beta of 2.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72.

BlackSky Technology (NYSE:BKSY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). The business had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. On average, sell-side analysts anticipate that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology Several large investors have recently modified their holdings of BKSY. Tidal Investments LLC bought a new stake in shares of BlackSky Technology during the 2nd quarter worth about $39,289,000. Integrated Wealth Concepts LLC acquired a new stake in BlackSky Technology during the second quarter worth approximately $216,000. Squarepoint Ops LLC acquired a new stake in BlackSky Technology during the second quarter worth approximately $1,127,000. Connective Capital Management LLC bought a new stake in shares of BlackSky Technology during the second quarter worth approximately $400,000. Finally, Arizona State Retirement System bought a new stake in shares of BlackSky Technology during the second quarter worth approximately $236,000. 27.15% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades BKSY has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Clear Str upgraded shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlackSky Technology has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Check Out Our Latest Report on BKSY

BlackSky Technology Company Profile (Get Free Report)

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

See Also Five stocks we like better than BlackSky Technology Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring AMD Chips Away at NVIDIA’s AI Throne Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?

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BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CEO Brian O’toole sold 56,280 shares of BlackSky Technology stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $1,179,066.00. Following the completion of the sale, the chief executive officer directly owned 1,063,396 shares in the company, valued at approximately $22,278,146.20. This represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology stock opened at $21.38 on Wednesday. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve month high of $52.88. The firm has a 50 day moving average price of $24.48 and a 200-day moving average price of $29.71. The company has a market capitalization of $874.71 million, a P/E ratio of -11.75 and a beta of 2.61. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. As a group, equities analysts predict that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Trending Headlines about BlackSky Technology Here are the key news stories impacting BlackSky Technology this week: Positive Sentiment: BlackSky announced that its fifth-generation Gen-3 satellite achieved “first light” within hours of deployment. The milestone is expected to expand constellation capacity, accelerate image delivery and improve decision-making speed for government and commercial customers. BlackSky’s Fifth Gen-3 Attains First Light in Hours Positive Sentiment: Recent institutional activity was supportive, with Tema ETFs, Tidal Investments and AWM Investment reportedly building sizable positions during the second quarter. Institutional investors collectively own about 27.15% of the company, which may reinforce confidence in BlackSky’s long-term opportunity. Positive Sentiment: Analyst sentiment is mixed but has improved at some firms: BlackSky received a recent upgrade to “strong buy,” while the reported average price target of $39.33 remains well above the stock’s recent trading level. Neutral Sentiment: A sector-performance analysis compares BlackSky with NIQ Global Intelligence and the broader business-services industry, but provides limited new company-specific information or an immediate earnings catalyst. Business Services Stocks and BlackSky Performance Negative Sentiment: CEO Brian O’Toole, CFO Henry Dubois and CAO Christiana Lin collectively sold 84,557 shares at approximately $20.95 per share. Although the filings state the transactions were made to cover tax withholding obligations from vested equity awards—not discretionary selling—the sales reduce insider ownership and may weigh on sentiment. CEO Share Sale CFO Share Sale CAO Share Sale Negative Sentiment: BlackSky’s latest reported quarter showed a larger-than-expected loss, negative margins and continued earnings pressure. The stock also trades below its 50-day and 200-day moving averages, underscoring ongoing volatility and execution risk. Institutional Trading of BlackSky Technology A number of hedge funds and other institutional investors have recently made changes to their positions in BKSY. Fifth Third Bancorp bought a new position in BlackSky Technology in the 1st quarter worth about $48,000. Eurizon Capital SGR S.p.A. bought a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $95,000. Leonteq Securities AG purchased a new position in BlackSky Technology during the fourth quarter valued at approximately $115,000. Integrated Wealth Concepts LLC bought a new stake in BlackSky Technology during the 2nd quarter worth approximately $216,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in BlackSky Technology in the 1st quarter worth approximately $217,000. 27.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets Several research analysts have recently weighed in on the company. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Clear Str upgraded shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Check Out Our Latest Stock Analysis on BKSY

BlackSky Technology Company Profile (Get Free Report)

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

Recommended Stories Five stocks we like better than BlackSky Technology Running on Empty: 3 Energy Plays for Europe’s Deep Freeze 3 Healthcare Stocks for 3 Stages of Life Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky Receive News & Ratings for BlackSky Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackSky Technology and related companies with MarketBeat.com's FREE daily email newsletter.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #AI--BlackSky's fifth Gen-3 attains first light in hours, expanding constellation capacity and decision-making speed for customers.

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. BlackSky Technology Inc. (BKSY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.

BlackSky Technology Inc. is one of 246 companies in the Business Services group. The Business Services group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BlackSky Technology Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for BKSY's full-year earnings has moved 4.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that BKSY has returned about 31.6% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 7%. This means that BlackSky Technology Inc. is outperforming the sector as a whole this year.

Another stock in the Business Services sector, Enpro (NPO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 44.2%.

In Enpro's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, BlackSky Technology Inc. belongs to the Technology Services industry, a group that includes 121 individual companies and currently sits at #153 in the Zacks Industry Rank. This group has lost an average of 11.3% so far this year, so BKSY is performing better in this area. Enpro is also part of the same industry.

Going forward, investors interested in Business Services stocks should continue to pay close attention to BlackSky Technology Inc. and Enpro as they could maintain their solid performance.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #analytics--BlackSky Technology Inc. (NYSE: BKSY) won an international seven-figure, multi-year contract for combined Assured and On-Demand subscriptions. Following a successful initial pilot, the customer quickly signed an expanded deal for integrated, low-latency Gen-2 and Gen-3 imagery and AI-enabled analytics services. “BlackSky continues to drive recurring, high-margin revenue through key international subscription deals with our foundational Gen-2 dynamic monitoring con.

BlackSky (BKSY +0.79%) could be evolving into a strategic intelligence platform for America's increasingly contested orbital environment. Its combination of rapid satellite tasking, artificial intelligence, and Space Domain Awareness may create a far larger opportunity than imagery alone, but the company must still prove it can execute and defend its position.

Stock prices used were the market prices of July 27, 2026. The video was published on Aug. 7, 2026.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BlackSky Technology. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

3 Satellite Stocks To Check Out Before SpaceX's IPOBlackSky Technology NYSE: BKSY reported second-quarter 2026 revenue growth of 50% from a year earlier as adoption of its Gen-3 satellite imagery services increased, helping the company reach positive adjusted EBITDA and reaffirm its full-year outlook.

Revenue for the quarter totaled $33.3 million, up 60% sequentially from the first quarter, Chief Financial Officer Henry Dubois said. Space-based intelligence and AI services generated a record $24.5 million in revenue, rising 50% sequentially, driven by expanding recurring subscription revenue and international demand.

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3 Stocks With Near-Unanimous Buys That Could Rally HigherThe company’s adjusted EBITDA was $4.7 million, compared with a loss implied by a $7.5 million year-over-year improvement. Adjusted EBITDA margin was 14.2% on total revenue. Cash operating expenses were flat from the prior-year period despite the 50% increase in revenue, according to Dubois.

Gen-3 Services Drive Subscription Growth Chief Executive Officer Brian O’Toole said BlackSky’s Gen-3 satellites are delivering 35-centimeter imagery and have become the primary driver of growth. He said Gen-3-related products and services accounted for 90% of the company’s growth during the quarter.

BlackSky reached a $100 million annual run rate for imagery and AI subscription services in the quarter. O’Toole said the higher-margin subscription business is beginning to produce operating leverage as Gen-3 capacity expands.

International space-based intelligence and AI services revenue rose 150% from the second quarter of 2025, while total international revenue increased 200% over the prior-year period. Multi-year international subscription contracts represent more than 80% of BlackSky’s funded backlog, O’Toole said.

During the question-and-answer session, O’Toole said the quarterly increase in space-based intelligence and AI revenue was entirely subscription revenue rather than one-time recognition. He said additional customers are still coming online and that existing customers are expanding contracts and shifting more tasking toward Gen-3 services.

The company plans to launch two additional satellites for its commercial constellation in the third quarter. Despite launch-related delays, BlackSky expects to have eight Gen-3 satellites in orbit by year-end. O’Toole said no additional Gen-3 launches are required for the company to achieve its 2026 revenue targets.

Satellite Production and Sovereign Opportunities BlackSky has more than 20 Gen-3 satellites in production or in its pipeline. O’Toole said the satellites will support the commercial constellation, existing Mission Solutions customer contracts and inventory for prospective sovereign customers.

The company’s target commercial constellation comprises roughly 12 to 15 satellites to maintain hourly revisit service, according to O’Toole. Maintaining available satellite inventory could allow BlackSky to begin delivering systems within about a year after receiving customer orders, compared with what O’Toole said could be a three- to five-year process for competitors starting from scratch.

BlackSky said it remains on track to deliver its first sovereign Gen-3 satellite in 2026 and expects additional delivery milestones to contribute to second-half revenue. O’Toole said demand for sovereign Mission Solutions is currently strongest internationally, though the company also sees opportunities with U.S. government customers.

Management said Mission Solutions can be uneven because contracts tend to be large and are delivered over multiple years. BlackSky does not separately disclose its Mission Solutions backlog.

AROS Development and Advanced Technology Programs BlackSky received an eight-figure U.S. government contract during the quarter to advance development of its AROS system, designed for foundation mapping and broader-area monitoring applications. The company said the National Reconnaissance Office contract supports a targeted 2028 launch timeline for AROS.

Advanced Technology Program revenue increased 65% from the prior quarter as BlackSky began work under the AROS-related contract. The company also cited additional research and development contracts involving AI-enabled space-based intelligence, optical intersatellite links and advanced payload technology.

O’Toole said the NRO commitment, together with internal investment, is sufficient to keep AROS on track at this stage. He described the strategy as capital-expenditure light and said the company expects AROS-related work to move initially from Advanced Technology Programs to Mission Solutions, while a commercial constellation could eventually contribute to space-based intelligence revenue.

BlackSky said it is designing a single AROS configuration intended to meet both commercial and government requirements. The system is expected to build on Gen-3 technology and BlackSky’s existing space infrastructure, software platform and operational architecture.

Liquidity and 2026 Outlook BlackSky ended the quarter with $244.1 million in cash, up more than 150% from a year earlier. The company raised $150 million through at-the-market offerings during the quarter, bringing total liquidity to more than $325 million, a 108% year-over-year increase.

Capital expenditures were approximately $15 million in the second quarter and about $31 million through the first half of the year. BlackSky reaffirmed its 2026 guidance for:

Revenue of $130 million to $150 million Adjusted EBITDA of $12 million to $24 million Capital expenditures of $50 million to $60 million O’Toole said the company expects all three business lines—space-based intelligence services, Mission Solutions and Advanced Technology Programs—to grow, while the recurring subscription business remains the company’s largest revenue component at approximately 70% of revenue.

About BlackSky Technology (NYSE:BKSY)BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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BlackSky Technology Inc. (BKSY) Q2 2026 Earnings Call Transcript

BlackSky Technology Inc. (BKSY - Free Report) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to a loss of $0.52 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +15.79%. A quarter ago, it was expected that this company would post a loss of $0.37 per share when it actually produced a loss of $0.82, delivering a surprise of -121.62%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

BlackSky Technology, which belongs to the Zacks Technology Services industry, posted revenues of $33.32 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 11.94%. This compares to year-ago revenues of $22.2 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BlackSky Technology shares have added about 34.3% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for BlackSky Technology?While BlackSky Technology has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BlackSky Technology was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.29 on $38.82 million in revenues for the coming quarter and -$1.55 on $139.24 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Duos Technologies Group, Inc. (DUOT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +93.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Duos Technologies Group, Inc.'s revenues are expected to be $10.7 million, up 86.4% from the year-ago quarter.

BlackSky Technology Inc. is transitioning from a satellite imagery provider to an AI-driven, real-time intelligence platform targeting defense workflows. BKSY's investment thesis hinges on scaling pilot programs into multi-year, high-margin recurring contracts, leveraging proprietary Gen-3 architecture and embedded machine learning models. Despite a $350M+ backlog and management's $140M full-year revenue guide, near-term execution risks persist with Q1 revenue down 29.5% YoY and ongoing guidance misses.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #AI--BlackSky won series of U.S. R & D contracts to develop and field mission-critical Gen-3 AI solutions for real-time, space-based tactical ISR.

On June 10, 2026, BlackSky Technology Inc. (BKSY 3.94%) CEO and President Brian E. O'Toole sold 15,512 shares of Common Stock in an open-market transaction for a total value of approximately $529,000, according to a SEC Form 4 filing.

Transaction summaryMetricValueContextShares sold (direct)15,512Open-market shares sold in this filing.Transaction value$529,000Based on SEC Form 4 reported price ($34.10)Post-transaction shares (direct)1,139,676Directly held shares after transaction completionPost-transaction value (direct ownership)$36.2 millionBased on June 10, 2026 market close price ($31.79)Transaction value based on SEC Form 4 reported price ($34.10); post-transaction value based on June 10, 2026 market close price.

Key questionsHow does the transaction size compare to O'Toole's historical sale activity?
This 15,512-share sale is at the upper end of O'Toole's prior open-market sales, aligning with the maximum observed transaction size in the historical record for sell-only events.Did the transaction materially impact O'Toole's direct ownership or overall exposure?
The sale reduced O'Toole's direct holdings by 1.3%, a modest decrement, leaving substantial direct ownership.Was this a routine liquidity event or a shift in selling cadence?
Recent trade data show four sell transactions since March 2025, with trade sizes scaling to available share capacity; this sale fits within the routine cadence established over the past year.How does the sale valuation relate to market pricing on the transaction date?
The reported sale price of $34.10 per share was above both the market open ($31.38) and close ($31.79) on June 10, 2026, indicating favorable execution relative to the day's trading range.Company overviewMetricValueRevenue (TTM)$97.81 millionNet income (TTM)($87.11 million)Employees3401-year price change171.69%* 1-year price change calculated using June 10, 2026 as the reference date.

Company snapshotBlackSky Technology delivers geospatial intelligence, high-resolution satellite imagery, and advanced data analytics solutions, leveraging proprietary satellite constellations and integrated ground systems.It serves government agencies, defense and intelligence sectors, as well as commercial and industrial organizations requiring real-time observational data and analytics.The company processes observational data from its own satellites and external sources, integrating diverse data streams for actionable insights.BlackSky Technology Inc. operates at scale as a provider of real-time geospatial intelligence and analytics, supported by a proprietary satellite network and advanced data fusion capabilities.

The company’s strategy focuses on integrating diverse data sources to deliver actionable insights for mission-critical applications. Its competitive edge lies in rapid data delivery and comprehensive analytics tailored to high-value defense and commercial markets.

What this transaction means for investorsThe June 10 sale of BlackSky stock by CEO Brian O'Toole came not long after shares hit a 52-week high of $52.88 towards the end of May. This would seem an opportune time to sell, but this transaction was performed to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs).

Consequently, O'Toole’s disposition is not a cause for investor concern. In addition, he retained over one million directly-held shares after this transaction, maintaining a substantial equity stake.

BlackSky’s sales in the first quarter sank to $20.8 million compared to $29.5 million in the prior year, but the stock rose thanks to the announcement of new government contracts. As a result, the company increased its 2026 full-year sales outlook to a range between $130 million and $150 million, up from 2025’s record revenue of $106.6 million.

Customers in the defense sector have been a key catalyst in the company’s 2026 growth. BlackSky’s space-based intelligence and AI offerings have also contributed to capturing new contracts.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BlackSky Technology. The Motley Fool has a disclosure policy.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #earnings--BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY) announced results for the first quarter ended March 31, 2026. “With up to $160 million in new contract wins, we are rapidly growing revenues driven by the demand for Gen-3 space-based intelligence and AI services,” said Brian E. O'Toole, BlackSky CEO. “We are raising our guidance for the year based on strong year-to-date sales performance, in-year revenue visibility, and accelerated demand for bes.

BlackSky Technology Inc. (BKSY - Free Report) reported $20.77 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 29.7%. EPS of -$0.82 for the same period compares to -$0.42 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $28.33 million, representing a surprise of -26.66%. The company delivered an EPS surprise of -120.13%, with the consensus EPS estimate being -$0.37.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how BlackSky Technology performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- Space-based intelligence & AI services: $16.52 million versus the two-analyst average estimate of $16.83 million.Revenue- Mission solutions: $2.01 million versus the two-analyst average estimate of $8.59 million.Revenue- Advanced technology programs: $2.25 million compared to the $5.57 million average estimate based on two analysts.View all Key Company Metrics for BlackSky Technology here>>>

Shares of BlackSky Technology have returned +21.3% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

BlackSky Technology Inc. (BKSY) Q1 2026 Earnings Call Transcript

Space stocks were in focus this week as earnings reports highlighted surging defense demand, growing satellite and launch backlogs,and continued investment in next-generation space infrastructure. 

While several companies posted record revenue or raised guidance, losses remained a theme across the sector as firms scale production and chase defense and national security opportunities.

RKLB stock is soaring. See the chart and price action here.  Voyager TechnologiesCEO Dylan Taylor called 2025 "a transformational year," saying demand across "defense, national security and space continues to accelerate." 

He added that Voyager is entering 2026 "from a position of strength," focused on converting demand into "sustained revenue growth and long-term shareholder value."

CEO Jason Kim said "momentum defined Firefly's first quarter," citing Golden Dome work, Blue Ghost milestones, Alpha Flight 7 and a U.S. Space Force demonstration. 

Kim said the company remains focused on scaling production for "frequent landings on the Moon, a regular launch cadence, and critical national security missions."

RedwireCEO Peter Cannito said "very strong demand" and wins including the $1.8 billion Andromeda IDIQ show Redwire has "many pathways to success." 

CFO Chris Edmunds pointed to gross margin improvement to 26.6% and said Redwire is reaffirming 2026 revenue guidance of $450 million to $500 million.

Rocket LabRocket Lab Corp. (NASDAQ:RKLB) delivered record Q1 revenue of $200.3 million, up 63.5% year over year, and backlog of more than $2.2 billion. 

Founder and CEO Peter Beck said, "With revenue, we topped $200 million in the quarter for the first time," and called gross margins "excellent" at 38.2% GAAP and 43% non-GAAP.  Rocket Lab guided Q2 revenue to $225 million to $240 million.

RKLB shares were up 25% on Friday, according to Benzinga Pro data. 

BlackSkyBlackSky Technology Inc. (NYSE:BKSY) reported Q1 revenue of $20.8 million. That’s down from $29.5 million a year earlier. However, the company raised full-year revenue guidance to $130 million to $150 million. 

CEO Brian O'Toole said BlackSky is "rapidly growing revenues driven by the demand for Gen-3 space-based intelligence and AI services" after winning up to $160 million in new contracts. 

He said the company is raising guidance on "strong year-to-date sales performance" and "accelerated demand" in its pipeline.

Coming Next WeekPhoto: Shutterstock

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BlackSky Technology reported a disappointing Q1, with revenues down 29.5% year-over-year and EPS badly missing expectations. BKSY raised full-year midpoint revenue guidance to $140 million, implying 31% growth, but so far that optimism isn't reflected in results. The stock trades at 16x EV/Sales despite stagnant revenues, leaving valuation highly vulnerable if sector momentum fades or the company misses guidance.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #AI--BlackSky awarded a seven-figure subscription contract with a new government customer for new and advanced Gen-2 mission applications.