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Dec 31, 2021
Blacksky Q4 2021 Earnings Report
Blacksky reported Q4 2021 earnings with a revenue increase and strategic advancements.
Key Takeaways
BlackSky reported a 79% increase in revenue for Q4 2021, reaching $11.5 million, driven by increased customer demand and new contracts. The company launched six satellites, expanded its customer base, and improved its platform capabilities. However, the operating loss was $31.9 million, and the adjusted EBITDA loss was $14.4 million.
Revenue increased by 79% year-over-year, reaching $11.5 million.
Operating loss was $31.9 million, including pre-merger stock-based compensation and public company transaction costs.
Adjusted EBITDA loss was $14.4 million.
Cash balance at the end of December 2021 was $168.1 million.
Revenue by Segment
Forward Guidance
BlackSky anticipates increased customer demand and expects full year 2022 revenue to be between $58 million and $62 million. The company plans to launch an additional four satellites and expects capital expenditures to be between $52 million and $56 million.
Positive Outlook
- Full year 2022 revenue to be between $58 million and $62 million, a 76% increase over 2021 at the mid-point of this range.
- Launching an additional four satellites in the first half of 2022, bringing the total to 14 operating satellites.
- Capacity from the 14-satellite constellation will be more than sufficient to support increased customer demand.
- Capital expenditures for the full year 2022 to be between $52 million and $56 million, a decrease compared to 2021 spend.
- Cash position will remain strong with sufficient liquidity for the foreseeable future.
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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