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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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  • May 31, 2022
Space Industry Launches Humanitarian Initiative to Support Ukraine

HERNDON, Va. (Space Industry for Ukraine PR) — Leaders of the space community today announced the Space Industry for Ukraine (SIFU), an initiative designed to fund and execute efforts that provide immediate humanitarian aid to the people of Ukraine. The initiative will be run by a steering committee, which includes HawkEye 360, National Security Space Association (NSSA), ABL Space Systems, ARKA, BlackSky, Capella Space, ICEYE, Insight Partners, Leidos, LeoLabs, Maxar, Raytheon Intelligence & Space, Rebellion Defense, Relativity Space, Riverside Research, Rocket Lab, Velos and Viasat. The steering committee will fundraise, select and monitor the execution of critical humanitarian projects throughout Ukraine and its neighboring countries. Additional participating donor companies include The Aerospace Corporation, Cognitive Space and Shield Capital.


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  • April 26, 2022
NASA Taps BlackSky for Rapid Revisit Satellite Imaging Data

BlackSky to bring smallsat imagery for NASA-funded Earth and applied science research

HERNDON, Va., November 12, 2021 (BlackSky PR) — BlackSky (NYSE: BKSY) secured a five-year, sole-source blanket purchase agreement by the National Aeronautics and Space Administration (NASA) to provide high revisit satellite imaging data in support of the agency’s existing Earth observation research to advance predictive capabilities.

“This award reflects yet another valuable point of alignment between government demand and BlackSky’s commercially available real-time, global intelligence products,” said Brian E. O’Toole, CEO of BlackSky. “Helping NASA-backed researchers broaden their understanding around critical changes in the Earth’s ecosystems, oceanography, geographic and polar sciences is vitally important.”


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  • November 13, 2021
BlackSky Reports Net Loss of $46.9 Million

3rd Quarter Revenue Up Over 49% YoY
On a Year to Date Basis, Total Revenue up over 53%

HERNDON, Va., November 12, 2021 (BlackSky PR) — BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced its results for the third quarter of 2021.

Key points from the third quarter include:

  • Revenue of $7.9 million, up 49% from 3Q 2020
  • Net loss of $46.9 million or a loss of $0.67 per diluted share
  • Adjusted EBITDA loss of $16.2 million
  • Cash balance at the end of 3Q 2021 was $198 million

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  • November 12, 2021
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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  • September 9, 2021
BlackSky Secures Investment from Palantir and Enters into Multi-Year Strategic Partnership Following Successful Pilot Project

HERNDON, Va. (BlackSky PR)–BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, announced today that Palantir Technologies Inc. (NYSE: PLTR) has committed to making an equity investment in BlackSky, which is scheduled to close after the completion of BlackSky’s business combination with Osprey Technology Acquisition Corp (“Osprey”). Following the successful completion of a joint pilot program between BlackSky and Palantir, this investment signifies the strengthening of a strategic collaboration that will enable BlackSky to further extend its capabilities and meet the increasing demand for global monitoring services from its and Palantir’s customers.

Through the pilot project, BlackSky automatically delivered insights and intelligence to Palantir customers within minutes of collection, without any human interaction. The ability to quickly deliver worldwide intelligence that can inform proactive strategic decision-making introduces a significant advantage in time-sensitive operations.


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  • September 2, 2021
BlackSky Enhances Executive Leadership Team
Johan Broekhuysen (Credit: BlackSky)

HERNDON, Va., Aug. 18, 2021 (BlackSky PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced three additions to its executive team as it begins its next phase of growth and development.

Johan Broekhuysen joins BlackSky as a Senior Advisor and will assume the role of Chief Financial Officer following the completion of BlackSky’s merger with Osprey Technology Acquisition Corp. (NYSE: SFTW). Broekhuysen has significant executive experience helping lead public, high-growth technology companies including Segra, formally known as LUMOS Networks (LMOS) where he served as Chief Financial Officer (CFO) for almost seven years and led business expansion efforts during his tenure there. Most recently, Broekhuysen was the founding principal of Open Water Advisory Group, an advisory group that delivers differentiated capital solutions to the entire telecom infrastructure value chain. BlackSky’s current CFO, Brian Daum, will remain with BlackSky as a senior advisor for a transitional period.


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  • August 20, 2021
Rocket Lab to Launch Three Back-To-Back Missions for BlackSky from late August
Electron launches with 10 satellites on Oct. 29, 2020. (Credit: Rocket Lab webcast)

The next Electron rocket on the pad is the first of three dedicated missions for BlackSky scheduled for lift-off from late August through September.

LONG BEACH, Calif., August 10, 2021 (Rocket Lab PR) – Rocket Lab, a leading launch provider and space systems company, has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky.


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  • August 10, 2021
BlackSky Welcomes New Vice President of International Business Development
BlackSky Vice President of International Business Development, Andy Stephenson. (Credit: Andy Stephenson)

HERNDON, Va. (BlackSky PR) — BlackSky Holdings, Inc.  (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has hired Andy Stephenson to oversee the company’s global sales team as its Vice President of International Business Development. Mr. Stephenson will be based in the United Kingdom, where he will lead the expansion of BlackSky’s international sales efforts.

“With more than thirty years of experience as a sales leader in the defense and intelligence, technology, and information sectors, Andy is an ideal candidate to help BlackSky meet the increasing demand for geospatial intelligence worldwide,” said Brian E. O’Toole, CEO of BlackSky. “He will be instrumental in leading BlackSky’s international development activities to ensure customers around the world understand and have access to actionable insights that give them a first-to-know advantage.”


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  • July 16, 2021
BlackSky Statement on Rocket Lab Electron Launch Failure

SEATTLE (BlackSky PR) — On Saturday, May 15, 2021, a Rocket Lab Electron rocket carrying two BlackSky satellites suffered a failure during flight, preventing the successful deployment of our satellites. Rocket Lab is actively investigating the cause of the failure. “We have developed a resilient and responsive strategy for our constellation,” Brian E. O’Toole, CEO of BlackSky. “BlackSky has additional satellites ready to deploy, as well as an active production […]

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  • May 16, 2021