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Dec 31, 2023
Blacksky Q4 2023 Earnings Report
Reported record Q4 revenue with positive Adjusted EBITDA.
Key Takeaways
BlackSky reported a strong fourth quarter and full year in 2023, with record Q4 revenue up 83% year-over-year and positive Adjusted EBITDA of $9.3 million in Q4. The company secured over $265 million in new multi-year contracts and renewal agreements throughout the year.
Record Q4 revenue, up 83% from the prior year quarter.
Imagery & software analytical services revenue grew 18% over the prior year quarter.
Positive Adjusted EBITDA of $9.3 million in Q4.
Won approximately $50 million in multi-year contracts with the Indonesian Ministry of Defense.
Revenue by Segment
Forward Guidance
BlackSky expects full year 2024 revenue to be between $102 million and $118 million, full year 2024 Adjusted EBITDA to be between $8 million and $16 million, and anticipates capital expenditures for the full year 2024 to be between $55 million and $65 million.
Positive Outlook
- Full year 2024 revenue to be between $102 million and $118 million.
- Full year 2024 Adjusted EBITDA to be between $8 million and $16 million.
- Capital expenditures for the full year 2024 to be between $55 million and $65 million.
- Investments in the Gen-3 satellites.
- Excludes vendor financed launch costs, that will be recorded on the balance sheet.
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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