By Katherine Hamilton
Shares of BlackSky Technology dropped after the company missed expectations for its fourth-quarter earnings and 2025 outlook.
The stock fell 24%, to $10, on Thursday. It has lost about 17% of its value over the past 12 months.
The Herndon, Va., satellite-imagery provider expects $125 million to $142 million in 2025 revenue, compared with the $132 million analysts polled by FactSet had forecast. Its outlook for full-year adjusted earnings before interest, taxes, depreciation, and amortization of $14 million to $22 million missed analysts' expectations of $27.6 million.
Fourth-quarter revenue fell 15%, to $30.4 million, behind the $33.9 million anticipated by Wall Street. Its loss widened to $19.2 million, more than double the $8.4 million loss expected.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 06, 2025 14:27 ET (19:27 GMT)
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