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BlackSky Technologies Q1 2022

June 28, 2022

      In Q1 2022, satellite imagery and data provider BlackSky Technologies reported:

      • Revenue of $13.9 million in the first quarter, up 91% from the prior year period.
      • Net loss was $20 million.
      • Imagery and software analytical services revenue was $9.8 million, up 63% from the same time last year, driven by increased demand from new and existing government contracts, and representing ~70% of total revenues.
      •  $4.1 million in engineering and integration services revenue, a 218% increase from the same period last year.
      • Operating expenses for the first quarter of 2022 were $30.1 million, up $10 million over the first quarter of 2021.
      • BlackSky’s cash balance at the end of March 2022 was $138.4 million.
      • BlackSky is one of a wave of space companies that recently went public through a SPAC merger.