BlackSky reported a record revenue of $13.9 million for Q1 2022, a 91% increase compared to the prior year period. Imagery and software analytical services revenue grew to 70% of total revenue. The company's adjusted EBITDA loss was $9.5 million, and the cash balance at the end of March 2022 was $138.4 million.
Record revenue of $13.9 million, up 91% from prior year period.
Imagery & software analytical services revenue improves 63% over prior year's quarter.
Net loss of $20.0 million.
Adjusted EBITDA loss of $9.5 million.
The Company continues to anticipate strong demand for its geospatial intelligence and analytic insights throughout the year and maintains its full year 2022 revenue expectations of between $58 million and $62 million.
Visualization of income flow from segment revenue to net income