BlackSky Technology (NYSE:BKSY) Full Year 2024 Results

Key Financial Results

• Revenue: US$102.1m (up 8.0% from FY 2023).
• Net loss: US$57.2m (loss widened by 6.2% from FY 2023).
• US$2.67 loss per share.

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All figures shown in the chart above are for the trailing 12 month (TTM) period

BlackSky Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 32%.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$63.8m (62% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$73.0m (55% of total expenses). Explore how BKSY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for BlackSky Technology (1 shouldn't be ignored!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.