Curated News
By: NewsRamp Editorial Staff
August 08, 2025
BlackSky Tech Reports Q2 Growth Amid Strategic Expansions
TLDR
- BlackSky Technology's $35.0M in new contracts and $356.0M backlog position it as a leader in global intelligence and satellite imagery services.
- BlackSky reported $22.2M revenue with a $2.8M adj EBITDA loss, highlighting growth in imagery services and investments in Gen-3 and AROS initiatives.
- BlackSky's advancements in satellite technology and international contracts enhance global security and intelligence, contributing to a safer and more informed world.
- BlackSky's second Gen-3 satellite delivers 35cm-class imagery within 12 hours of launch, showcasing rapid deployment and high-resolution capabilities.
Impact - Why it Matters
This news highlights BlackSky Technology's strategic advancements and financial resilience in the competitive space technology sector. For stakeholders and investors, the company's growth in international contracts and advancements in satellite technology signal robust future prospects. The reaffirmed FY25 guidance amidst budget volatility offers a glimpse into the company's operational stability and potential for long-term growth, making it a noteworthy development for those tracking the space and defense industries.
Summary
BlackSky Technology, Inc. (NYSE: BKSY) has been the focus of an updated coverage by Stonegate Capital Partners, revealing a mixed financial performance in the second quarter of 2025. The company reported revenues of $22.2M, with Imagery and Software Analytical Services seeing a 2.9% year-over-year increase to $18.0M, attributed to growing demand for Gen-3 imagery. However, Professional and Engineering Services revenue declined to $4.2M from $7.5M in the previous year, impacting adjusted EBITDA which reported a loss of ($2.8M). Despite these challenges, BlackSky secured over $35.0M in new contracts, expanding its total backlog to $356.0M, with significant wins including a $24.0M NGA Luno A monitoring award and a multi-year Gen-2/Gen-3 contract with an international defense customer. The company also successfully launched its second Gen-3 satellite, enhancing its very-high resolution imagery capabilities, and strengthened its balance sheet with a $185.0M upsized convertible note offering.
BlackSky reaffirmed its FY25 revenue guidance of $105M–$130M and adjusted EBITDA of breakeven to $10M, amidst short-term U.S. government budget volatility. The company's strategic moves, including the expansion into Latin America and advancements in Gen-3 satellite technology, underscore its growing role as a trusted intelligence partner globally. Stonegate Capital Partners' valuation analysis suggests a promising outlook for BlackSky, with a DCF valuation range of $24.51 to $30.56 and an EV/EBITDA valuation range of $22.97 to $28.18.
Source Statement
This curated news summary relied on content disributed by Reportable. Read the original source here, BlackSky Tech Reports Q2 Growth Amid Strategic Expansions
