Blacksky Q4 2022 Earnings Report
Key Takeaways
BlackSky reported a 69% increase in revenue for Q4 2022, reaching $19.4 million, driven by strong growth in imagery and software analytical services. The company's adjusted EBITDA loss improved to $4.6 million, and they anticipate achieving positive adjusted EBITDA in Q4 2023. They also announced a new $150+ million multi-year contract.
Revenue increased by 69% year-over-year to $19.4 million.
Imagery and software analytical services revenue grew by 196% over the prior year's quarter.
Adjusted EBITDA loss improved by $9.8 million year-over-year.
Company anticipates achieving positive Adjusted EBITDA in Q4 2023.
Blacksky
Blacksky
Blacksky Revenue by Segment
Forward Guidance
BlackSky expects full year 2023 revenue to be between $90 million and $96 million and anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023. Capital expenditures for the full year 2023 are expected to be between $40 million and $45 million.
Positive Outlook
- Full year 2023 revenue expected to be between $90 million and $96 million, a 42% increase over 2022 revenue at the mid-point of this range.
- Strong revenue growth anticipated.
- High incremental contribution margins expected.
- Prudent cost management expected.
- Anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income