BlackSky Wins $4.4 Million IARPA Contract to Provide Advanced Artificial Intelligence for Space-Based Dynamic Monitoring

Company’s unique Spectra AI machine-learning platform accelerates application of SMART technologies for automated recognition of strategic activity and change

HERNDON, Va. (BlackSky Technology Inc. PR) — BlackSky Technology Inc. (NYSE: BKSY) received a $4.4 million award from the Intelligence Advanced Research Projects Activity (IARPA) to support the second phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) Program.

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BlackSky Reports $20 Million First Quarter Net Loss on $13.9 Million in Revenues

  • Record Q1 Revenue, up 91% Compared to Prior Year Period
  • Imagery and Software Analytical Services Revenue Grew to 70% of Total Revenue

HERNDON, Va. (BlackSky PR) — BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY), a leading provider of real-time geospatial intelligence and global monitoring, today announced its results for the first quarter ended March 31, 2022.

First Quarter Financial Highlights:

  • Record revenue of $13.9 million, up 91% from prior year period
  • Imagery & software analytical services revenue improves 63% over prior year’s quarter
  • Net loss of $20.0 million
  • Adjusted EBITDA (1) loss of $9.5 million
  • Cash balance at the end of March 2022 was $138.4 million
  • Capital expenditures of $13.4 million
(1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below and reconciliation table at the end of this release.
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Scientific Systems Company Demonstrates AI-Enabled Edge-Based On-Orbit Processing for the Space Development Agency

WOBURN, Mass., Feb. 8, 2022 (SSCI PR) — Scientific Systems Company, Inc. (SSCI), an industry leader and pioneer in autonomous systems, has conducted initial demonstrations of its AI-enabled edge processing system as part of the Prototype On-Orbit Experimental Testbed (POET) experiment for the Space Development Agency (SDA). POET is hosted onboard Loft Orbital’s YAM-3, a “satellite-as-a-service” platform which was launched June 30, 2021 on Space-X’s Transporter-2 mission. POET’s space-based edge processing system is powered by SSCI’s Collaborative Mission Autonomy (CMA) software. POET provides an on-orbit SDA data fusion application prototype within the CMA software running on POET’s Innoflight CFC-400, a low size, weight, and power, highly capable, 0.5U size commercial off-the-shelf space processor.

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BlackSky Completes Merger with Osprey Technology Acquisition Corp., to Begin Trading on Friday

  • BlackSky’s Common Stock to Commence Trading on NYSE Under the Ticker “BKSY”
  • Gross Proceeds to BlackSky totaled $283 million, combining funds held in Osprey’s Trust and concurrent PIPE financing

HERNDON, Va. and NEW YORK, September 9, 2021 (BlackSky/Osprey Technology Acquisition PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced it has completed its previously announced business combination with Osprey Technology Acquisition Corp. (“Osprey”) to take BlackSky public. The combined company has been renamed “BlackSky Technology Inc.” and its shares will commence trading on the New York Stock Exchange (NYSE) on September 10, 2021, under the ticker symbol “BKSY” for BlackSky common stock and “BKSY.W” for BlackSky warrants.

Upon closing, the combined company received approximately $283 million in gross proceeds, comprised of approximately $103 million in cash held in trust by Osprey and the proceeds of a $180 million PIPE. Osprey’s shareholders approved the transaction at a shareholder meeting on September 8, 2021.

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