Latest news with #BKSY
Yahoo
a day ago
- Business
- Yahoo
Up 192% Since April, Is It Too Late to Buy the Breakout in BlackSky Stock?
BlackSky Technology (BKSY) stock is trading 3% higher this morning, boosted by new contract wins in Latin America. These contracts leverage BlackSky's advanced Gen-3 and Gen-2 capabilities through their Spectra platform, highlighting the company's technological competitive advantage in the defense and intelligence subsectors. The ongoing expansion of BlackSky's satellite constellation, especially with Gen-3 capabilities, strengthens their position in the rapidly growing space-based intelligence market. The momentum stock is now up 192.7% over the past three months - though BKSY has corrected by 18% in just the past five sessions, underlining the heightened volatility in this stock recently. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear Microsoft Stock Fans, Mark Your Calendars for July 30 Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The shares recently found support in the round $20 area, but are now trading on the south side of their short-term 20-day moving average. Is BlackSky Stock a Good Investment? In terms of financial performance, BlackSky's preliminary second-quarter results revealed a concerning decline in revenue to $22.2 million from $24.9 million year-over-year, prompting a downward revision of full-year guidance. However, the company maintains impressive gross profit margins of 69%, indicating strong operational efficiency despite revenue challenges. Last week, BlackSky successfully priced an upsized $160 million offering of 8.25% convertible senior notes due 2033, an improvement from their previous 11.5% interest rate, demonstrating enhanced credit terms and market confidence. Is It Too Late to Buy the Breakout in BKSY Stock? With a current market capitalization of approximately $637 million, breakout BKSY stock is still trading narrowly below its average 12-month price target of $21.25 from analysts, with a Street-high forecast of $31. That implies the shares could rise up to 49% from current levels. With 7 analysts in coverage, the consensus on BlackSky is a 'Strong Buy.' Looking ahead, BlackSky's success will largely depend on several critical factors: the successful execution of their Gen-3 satellite deployment strategy; their ability to capitalize on increasing global demand for space-based intelligence services; and the expansion of their international customer base. The upcoming Q2 earnings call - set for the premarket session on Thursday, Aug. 7 - will be particularly significant for investors, as management should provide crucial updates on these strategic initiatives and recent contract developments. In the meantime, investors should be aware that BKSY stock offers significant upside potential, but also carries significant risk at current prices - which means it's best reserved for more aggressive traders, and a smaller-than-usual allocation might be appropriate. This article was created with the support of automated content tools from our partners at Together, our financial data and AI solutions help us to deliver more informed market headline analysis to readers faster than ever. On the date of publication, Elizabeth H. Volk did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
BlackSky Wins Contract to Deliver Gen-3 and Gen-2 Monitoring Services to Latin American Defense and Intelligence Customers
Agreement provides immediate On-Demand subscription-based access to BlackSky Spectra® tasking and analytics platform HERNDON, Va., July 23, 2025--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) won a contract to provide immediate On-Demand subscription-based Gen-3 and Gen-2 monitoring services for Latin American defense and intelligence customers in the fight against transnational organized crime. "BlackSky's low-latency, high-cadence monitoring services give government security forces an unparalleled strategic and tactical first-to-act advantage," said Brian O'Toole, BlackSky CEO. "By increasing the speed, volume and diversity of space-based data sources, end users gain persistent visibility into pattern-of-life anomalies such as irregular migration or vehicle, vessel and aircraft movements." The agreement gives end-users the ability to set up AI-enabled automated tip-and-cue tasking for BlackSky's proprietary Gen-3 and Gen-2 satellites, access to BlackSky Archive imagery and analytics data, plus the ability to order third-party commercial constellation data through the BlackSky Spectra tasking and analytics platform. "On-Demand subscriptions give our customers fast, flexible access to BlackSky's global satellite imagery services and is ideal for operations where responsiveness is paramount, with immediate tasking, multi-sensor data fusion and mission-ready analytics when and where our customers need them," said O'Toole. BlackSky achieves industry-leading speed through constellation design and a dedication to end-to-end AI-driven system automation. With rapid, hourly revisit rates, the BlackSky Spectra® tasking and analytics platform delivers high-cadence, time-diverse imagery and analytics up to 15 times per day, providing decision-quality data directly to those who need it most—from senior leaders to those in the field. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit and follow us on X. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's disclosure materials filed from time to time with the SEC which are available at the SEC's website at or on BlackSky's Investor Relations website at View source version on Contacts Investor Contact Aly BonillaVP, Investor Relationsabonilla@ Media Contact Pauly CabellonSr. Director, External Communicationsbksypr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why BlackSky Technology Stock Is Plummeting Today
Key Points BlackSky is seeing a big pullback today after Clear Street and Canaccord published new coverage on the stock. Clear Street cuts its rating on the stock from buy to hold but increased its one-year price target from $20 per share to $24 per share. Canaccord kept a buy rating on the stock but lowered its price target from $28 per share to $27 per share. 10 stocks we like better than BlackSky Technology › BlackSky Technology (NYSE: BKSY) stock is getting hit with big sell-offs Tuesday following a couple of negative catalysts. The satellite technology company's share price was down 12% as of noon ET. At the same point in the daily session, the S&P 500 was down 0.2%, and the Nasdaq Composite was down 0.5%. In addition to some bearish momentum for the broader market today, BlackSky's valuation is being pressured by new analyst notes from Clear Street and Canaccord. Despite today's pullback, the defense-tech specialist's share price is still up roughly 80% across 2025's trading. Image source: Getty Images. BlackSky stock sinks following new analyst notes Before the market opened this morning, Clear Street published new coverage on BlackSky and lowered its rating on the stock from buy to hold. While the investment firm actually raised its one-year price target on the stock from $20 per share to $24 per share, its analysts raised concerns about the company's valuation and suggested that shares now offer limited upside. Shortly after the publication of Clear Street's note, Canaccord chimed in with its own coverage and kept a buy rating on the stock. On the other hand, Canaccord lowered its price target on the stock from $28 per share to $27 per share due to an unexpected sales decline in the preliminary second-quarter numbers published by the company. What's next for BlackSky? BlackSky is set to publish its second-quarter results and hold an investor conference call before the market opens on Aug. 7, but investors already have a pretty good idea of what to expect. The company submitted a filing to the Securities and Exchange Commission (SEC) on July 17 that included preliminary results for the company's second quarter. Revenue fell roughly 11% year over year to come in at $22.2 million, which was significantly below the roughly $27.9 million in sales called for by the average analyst estimate. The company saw a substantial decline in professional-and-engineering services revenue, which was partially attributable to the timing of completing longer-term contracts. Despite already having a pretty good idea of what the Q2 numbers will look like, the company's conference call should give investors an update on BlackSky's Gen-3 satellites and recent contract wins.
Globe and Mail
3 days ago
- Business
- Globe and Mail
BlackSky to Host Second Quarter 2025 Results Conference Call
BlackSky Technology Inc. (NYSE: BKSY) will host a conference call to discuss second quarter 2025 financial results and its business outlook on Thursday, August 7, 2025, at 8:30 a.m. EDT. A press release with BlackSky's financial results will be released in advance of the conference call that same day. To access the live webcast or the archived webcast following completion of the call, please click here or visit the company's investor relations website at and then select 'News & Events' for the link to the webcast. To access the conference call, participants should dial 1-877-589-7299 or 1-201-689-8778 at least ten minutes prior to the start of the call. To listen to a replay of the conference call, please dial 1-877-660-6853 or 1-201-612-7415 using access code 13754663. The audio replay will be available from approximately 12:30 p.m. EDT on August 7, 2025, through August 21, 2025. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence system that combines the power of the BlackSky Spectra ® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit and follow us on X (Twitter).
Yahoo
6 days ago
- Business
- Yahoo
BlackSky Announces Pricing of Upsized $160 Million Convertible Senior Notes Offering
HERNDON, Va., July 18, 2025--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) ("BlackSky") today announced the pricing of $160 million principal amount of 8.25% Convertible Senior Notes due 2033 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering size was increased from the previously announced offering size of $125 million aggregate principal amount of notes. BlackSky also granted the initial purchasers of the notes an option to purchase for settlement during a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $25 million principal amount of the notes. The sale of the notes is expected to close on July 22, 2025, subject to customary closing conditions. The notes will be general unsecured obligations of BlackSky and will accrue interest payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026, at a rate of 8.25% per year. The notes will mature on August 1, 2033 unless earlier converted, redeemed or repurchased. Holders may convert all or any portion of their notes, at their option, at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, BlackSky will pay or deliver, as the case may be, cash, shares of BlackSky's Class A common stock or a combination of cash and shares of BlackSky's Class A common stock, at BlackSky's election. The conversion rate of the notes will initially be 27.1909 shares of BlackSky's Class A common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $36.78 per share of Class A common stock). The initial conversion price of the notes represents a premium of approximately 30% over the last reported sale price of BlackSky's Class A common stock on The New York Stock Exchange on July 17, 2025, and will be subject to customary anti-dilution adjustments. In addition, following certain corporate events that occur prior to the maturity date or if BlackSky delivers a notice of redemption, it will, under certain circumstances, increase the conversion rate for a holder who elects to convert its notes in connection with such a corporate event or convert its notes called (or deemed called) for redemption during the related redemption period, as the case may be. BlackSky may not redeem the notes prior to August 4, 2028. BlackSky may redeem for cash all or any portion of the notes (subject to certain limitations), at its option, on or after August 4, 2028 and prior to the 26th scheduled trading day immediately preceding the maturity date, if the last reported sale price of BlackSky's Class A common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which BlackSky provides notice of redemption, and if certain liquidity conditions are satisfied, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Holders of notes may require BlackSky to repurchase for cash all or any portion of their notes on August 6, 2030 at a repurchase price equal to 100% of the principal amount of notes to be repurchased, plus accrued and unpaid interest to, but excluding August 6, 2030. In addition, if BlackSky undergoes a "fundamental change" (as defined in the indenture that will govern the notes), then, subject to certain conditions and limited exceptions, holders may require BlackSky to repurchase for cash all or any portion of their notes at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. BlackSky estimates that the net proceeds from the offering will be approximately $153.7 million (or $177.9 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discount and commission and estimated offering expenses payable by BlackSky. BlackSky intends to use approximately $103.1 million of the net proceeds from the offering to repay outstanding borrowings (and pay the related prepayment premium) under, and terminate, its secured term loan facility and approximately $10.2 million of the net proceeds from the offering to repay borrowings (and pay the related prepayment premium) under, and terminate, its secured revolving credit facility. BlackSky intends to use the remainder of the net proceeds for general corporate purposes, which may include working capital, operating expenses, capital expenditures, and strategic investments in complementary capabilities. If the initial purchasers exercise their option to purchase additional notes, BlackSky expects to use the net proceeds from the sale of the additional notes for other general corporate purposes, as described above. Neither the notes nor the shares of BlackSky's Class A common stock issuable upon conversion of the notes, if any, have been registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. The forward-looking statements in this release include express or implied statements about the closing of the offering of the notes and the anticipated use of the net proceeds from the offering. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors, including, without limitation, stock market conditions, our ability to satisfy the closing conditions in the purchase agreement and our ability to complete the offering on the expected terms or at all, could cause actual future events or results to differ materially from those expressed or implied by the forward-looking statements in this press release. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication, and subsequent events and developments could cause our assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's most recent Annual Report on Form 10-K and other disclosures about BlackSky and its business included in BlackSky's disclosure materials filed from time to time with the SEC. View source version on Contacts Investor Contact Aly BonillaVP, Investor Relationsabonilla@ Media Contact Pauly CabellonSr. Director, External Communicationsbksypr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
