BlackSky Technology Inc (NYSE:BKSY)

Q2 2025 Blacksky Technology Inc Earnings Call Transcript

Aug 7, 2025 / 12:30 PM GMT

Release Date Price: $17.21 (-5.96%)

Transcript 10-Q8-K

Key Points

Positve

BlackSky Technology Inc (BKSY) reported strong execution across various aspects of its business, positioning itself well for future growth.
The company successfully launched its second Gen 3 satellite, which began delivering high-resolution imagery within 12 hours, setting a new industry standard.
BlackSky Technology Inc (BKSY) secured a multi-year contract with the National Geospatial Intelligence Agency valued at up to $24 million, showcasing its industry-leading AI and space-based monitoring solutions.
The company raised $185 million through an upsized convertible note offering, strengthening its balance sheet and liquidity.
BlackSky Technology Inc (BKSY) is experiencing significant international demand for its Gen 3 services, with 85% of its funded backlog coming from international customers.

Negative

The company reported an adjusted EBITDA loss of $3.4 million for the first half of 2025, primarily due to higher SG&A expenses.
There is near-term uncertainty from the US government's fiscal year 2026 budget, which could impact future contracts and revenue.
The company faces challenges with the timing of contract awards, particularly from the US government, which could affect revenue recognition.
BlackSky Technology Inc (BKSY) anticipates potential volatility due to the US government's budget process and the likelihood of a continuing resolution.
The company is investing heavily in future initiatives like the Eos constellation, which could strain resources and delay profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BKSY.N - Blacksky Technology Inc
Q2 2025 Blacksky Technology Inc Earnings Call
Aug 07, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to Black Sky Technologies 2nd quarter 2025 earnings conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session.

To ask a question, you may press start, then one on a touchstone phone.

To withdraw your question, please press start then 2.

Please note that this conference call is being recorded.

I would now like to turn the call over to Ali Bonia.

Black Sky is Vice President of investor relations, please go ahead, Ali.

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