Stonegate Updates Coverage on BlackSky Technology, Inc. (BKSY) 2Q25
BlackSky Technology (NYSE:BKSY) reported mixed Q2 2025 results with revenue of $22.2M, matching consensus estimates, but missing on adjusted EBITDA at ($2.8M) and EPS at ($1.27). Imagery and Software Analytical Services revenue grew 2.9% year-over-year to $18.0M, while Professional Services revenue declined to $4.2M.
The company successfully launched its second Gen-3 satellite and maintains a strong $356M backlog, with 85% being international. Following an upsized $185M convertible note offering, BlackSky reaffirmed its FY25 guidance of $105M-$130M in revenue and adjusted EBITDA between breakeven and $10M, despite noting U.S. government budget uncertainties.
BlackSky Technology (NYSE:BKSY) ha riportato risultati misti per il secondo trimestre del 2025, con ricavi di 22,2 milioni di dollari, in linea con le stime di consenso, ma con un EBITDA rettificato negativo di (2,8 milioni di dollari) e un utile per azione di (1,27 dollari), inferiori alle aspettative. I ricavi da Servizi Analitici di Immagini e Software sono cresciuti del 2,9% su base annua raggiungendo 18,0 milioni di dollari, mentre quelli dai Servizi Professionali sono diminuiti a 4,2 milioni di dollari.
L'azienda ha lanciato con successo il suo secondo satellite di terza generazione e mantiene un robusto portafoglio ordini da 356 milioni di dollari, di cui l'85% internazionale. Dopo un aumento dell'offerta di note convertibili da 185 milioni di dollari, BlackSky ha confermato le previsioni per l'anno fiscale 2025, con ricavi stimati tra 105 e 130 milioni di dollari e un EBITDA rettificato compreso tra il pareggio e 10 milioni di dollari, nonostante le incertezze legate al budget del governo degli Stati Uniti.
BlackSky Technology (NYSE:BKSY) report贸 resultados mixtos en el segundo trimestre de 2025, con ingresos de 22,2 millones de d贸lares, en l铆nea con las estimaciones consensuadas, pero con un EBITDA ajustado de (2,8 millones de d贸lares) y un BPA de (1,27 d贸lares) que no alcanzaron las expectativas. Los ingresos por Servicios Anal铆ticos de Im谩genes y Software crecieron un 2,9% interanual hasta 18,0 millones de d贸lares, mientras que los ingresos por Servicios Profesionales disminuyeron a 4,2 millones de d贸lares.
La compa帽铆a lanz贸 con 茅xito su segundo sat茅lite de tercera generaci贸n y mantiene una s贸lida cartera de pedidos de 356 millones de d贸lares, con un 85% internacional. Tras una ampliaci贸n de su oferta de notas convertibles por 185 millones de d贸lares, BlackSky reafirm贸 su gu铆a para el a帽o fiscal 2025, con ingresos entre 105 y 130 millones de d贸lares y un EBITDA ajustado entre el punto de equilibrio y 10 millones de d贸lares, a pesar de las incertidumbres presupuestarias del gobierno de EE.UU.
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BlackSky Technology (NYSE:BKSY) a publi茅 des r茅sultats mitig茅s pour le deuxi猫me trimestre 2025 avec un chiffre d'affaires de 22,2 millions de dollars, conforme aux estimations consensuelles, mais un EBITDA ajust茅 脿 (2,8 millions de dollars) et un BPA 脿 (1,27 dollar) en dessous des attentes. Les revenus des services analytiques d'imagerie et logiciels ont augment茅 de 2,9 % en glissement annuel pour atteindre 18,0 millions de dollars, tandis que les revenus des services professionnels ont diminu茅 脿 4,2 millions de dollars.
L'entreprise a lanc茅 avec succ猫s son deuxi猫me satellite de troisi猫me g茅n茅ration et maintient un solide carnet de commandes de 356 millions de dollars, dont 85 % 脿 l'international. Apr猫s une augmentation de son 茅mission d'obligations convertibles de 185 millions de dollars, BlackSky a r茅affirm茅 ses pr茅visions pour l'exercice 2025 avec un chiffre d'affaires compris entre 105 et 130 millions de dollars et un EBITDA ajust茅 allant du seuil de rentabilit茅 脿 10 millions de dollars, malgr茅 les incertitudes budg茅taires du gouvernement am茅ricain.
BlackSky Technology (NYSE:BKSY) meldete gemischte Ergebnisse f眉r das zweite Quartal 2025 mit einem Umsatz von 22,2 Mio. USD, was den Konsenssch盲tzungen entspricht, jedoch verfehlte das bereinigte EBITDA mit (2,8 Mio. USD) und das Ergebnis je Aktie (EPS) von (1,27 USD) die Erwartungen. Die Erl枚se aus Bild- und Softwareanalysediensten stiegen im Jahresvergleich um 2,9% auf 18,0 Mio. USD, w盲hrend die Erl枚se aus Professional Services auf 4,2 Mio. USD zur眉ckgingen.
Das Unternehmen startete erfolgreich seinen zweiten Satelliten der dritten Generation und verf眉gt 眉ber einen starken Auftragsbestand von 356 Mio. USD, von dem 85 % international sind. Nach einer Aufstockung der 185 Mio. USD Wandelanleihe best盲tigte BlackSky seine Prognose f眉r das Gesch盲ftsjahr 2025 mit Umsatzerwartungen zwischen 105 Mio. und 130 Mio. USD sowie einem bereinigten EBITDA zwischen Break-even und 10 Mio. USD, trotz Unsicherheiten im US-Regierungsbudget.
- Successfully launched second Gen-3 satellite with four more planned by year-end
- Strong backlog of $356M with 85% international composition
- Secured $185M through upsized convertible note offering
- Imagery revenue grew 2.9% year-over-year
- Maintained FY25 revenue guidance of $105M-$130M
- Adjusted EBITDA declined to ($2.8M) loss from $2.1M profit year-over-year
- Professional Services revenue dropped significantly from $7.5M to $4.2M
- EPS missed estimates at ($1.27) vs ($0.48) consensus
- Gross margins declined to 71.9% from 72.4% year-over-year
- Noted U.S. government budget volatility concerns
Dallas, Texas--(Newsfile Corp. - August 8, 2025) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners updates their coverage on BlackSky Technology, Inc. (NYSE: BKSY). BKSY reported revenue, adj EBITDA, and EPS of
To view the full announcement, including downloadable images, bios, and more, .
Key Takeaways:
- Successfully launched its second Gen-3 satellite, now delivering high-resolution imagery within 12 hours; four more Gen-3 satellites are expected to launch by year-end.
- Backlog reached
$356M (85% international), and a strong pro forma cash position following a$185M upsized convertible note offering. - BKSY reaffirmed its FY25 revenue guidance of
$105M -$130M and adjusted EBITDA of breakeven to$10M , citing short-term U.S. government budget volatility.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
[email protected]
Source:
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