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Mar 31, 2024
Blacksky Q1 2024 Earnings Report
Blacksky's revenue increased by 32% year-over-year, driven by strong execution and growing global demand.
Key Takeaways
Blacksky reported a 32% increase in first-quarter revenue compared to the previous year, reaching $24.2 million. The company secured $30 million in new contracts and renewal agreements. Adjusted EBITDA improved to $1.4 million, compared to a loss of $4.1 million in the first quarter of 2023.
Total revenue increased by 32% year-over-year to $24.2 million.
Imagery & software analytical services revenue grew 13% over the prior year quarter.
The company secured new contracts and renewal agreements totaling $30 million.
Adjusted EBITDA improved to $1.4 million from a loss of $4.1 million in the prior year quarter.
Revenue by Segment
Forward Guidance
The Company maintains its outlook for full year 2024 revenue of between $102 million and $118 million, and full year 2024 Adjusted EBITDA of between $8 million and $16 million. In addition, the Company maintains its expectations for full year 2024 capital expenditures of between $55 million and $65 million, primarily driven by investments in the Gen-3 satellites.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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