BlackSky (BKSY, Financial) has taken another step forward in enhancing its real-time space-based intelligence capabilities by successfully deploying additional Earth-imaging satellites. The deployment was facilitated by Rocket Lab's 65th Electron launch, marking the mission as the company's seventh successful endeavor in 2025. With this launch, the total number of satellites placed into orbit by Rocket Lab's Electron has reached 226.
Rocket Lab continues to stand out with its commitment to providing consistent and dependable orbital access for satellite developers worldwide. The company plans to maintain a steady flow of launches to support BlackSky's growing satellite constellation. This strategic alignment underscores BlackSky's ambition to strengthen its on-orbit capacity and incorporate next-generation capabilities into its operations. Such enhancements are critical for meeting the demands of time-sensitive missions effectively.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for BlackSky Technology Inc (BKSY, Financial) is $17.50 with a high estimate of $26.00 and a low estimate of $14.00. The average target implies an upside of 55.97% from the current price of $11.22. More detailed estimate data can be found on the BlackSky Technology Inc (BKSY) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, BlackSky Technology Inc's (BKSY, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BlackSky Technology Inc (BKSY, Financial) in one year is $10.82, suggesting a downside of 3.57% from the current price of $11.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BlackSky Technology Inc (BKSY) Summary page.
BKSY Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- BlackSky Technology Inc (BKSY, Financial) reported strong performance of its new Gen 3 satellite, exceeding expectations in image quality and analytics capabilities.
- The company secured over $130 million in new contracts and renewal agreements, demonstrating strong demand for its space-based intelligence solutions.
- Backlog grew by 50% year-over-year, providing strong revenue visibility for future periods.
- Revenue increased by 22% year-over-year, driven by new contract awards and strong bookings.
- BlackSky Technology Inc (BKSY) improved its liquidity position, ending the quarter with $77 million in cash and short-term investments, and a total liquidity position of over $136 million.
Negative Points
- Adjusted EBITDA for the first quarter was a loss of $600,000, compared to a positive $1.4 million in the prior year quarter, primarily due to higher SG&A expenses.
- The company faces potential risks from a fluid geopolitical and economic environment, which could impact contract awards and budget allocations.
- There is quarter-to-quarter variability in revenue recognition due to milestone-based contracts, which may affect financial performance.
- The integration of Leo Stella has led to increased overhead costs, impacting short-term financial results.
- The imagery and analytics revenue was down sequentially, reflecting timing issues and slower-than-expected orders from certain customers.
