Advertisement
Singapore markets close in 3 hours 15 minutes

  • Straits Times Index

    3,327.84
    -2.25 (-0.07%)
     

  • Nikkei

    38,620.69
    -234.68 (-0.60%)
     

  • Hang Seng

    18,533.62
    -287.54 (-1.53%)
     

  • FTSE 100

    8,254.18
    -63.41 (-0.76%)
     

  • Bitcoin USD

    68,655.34
    +770.27 (+1.13%)
     

  • CMC Crypto 200

    1,451.22
    -45.24 (-3.02%)
     

  • S&P 500

    5,306.04
    +1.32 (+0.02%)
     

  • Dow

    38,852.86
    -216.74 (-0.55%)
     

  • Nasdaq

    17,019.88
    +99.08 (+0.59%)
     

  • Gold

    2,360.10
    +3.60 (+0.15%)
     

  • Crude Oil

    80.11
    +0.28 (+0.35%)
     

  • 10-Yr Bond

    4.5420
    +0.0750 (+1.68%)
     

  • FTSE Bursa Malaysia

    1,608.93
    -6.89 (-0.43%)
     

  • Jakarta Composite Index

    7,130.21
    -123.41 (-1.70%)
     

  • PSE Index

    6,434.62
    -66.72 (-1.03%)
     

BlackSky Technology Inc. (NYSE:BKSY) Q1 2024 Earnings Call Transcript

Insider Monkey Transcripts
·3-min read

BlackSky Technology Inc. (NYSE:BKSY) Q1 2024 Earnings Call Transcript May 8, 2024

BlackSky Technology Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Good day, ladies and gentlemen, and welcome to BlackSky Technology's First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this conference call is being recorded. I would now like to turn the call over to Aly Bonilla, BlackSky's Vice President of Investor Relations. Please go ahead.

Aly Bonilla: Good morning, and thank you for joining us. Today I'm joined by our Chief Executive Officer, Brian O'Toole; and our Chief Financial Officer, Henry Dubois. On today's call, Brian will provide some highlights on the quarter and give a strategic update on the business. Henry will then review the company's first quarter financial results and outlook for 2024. Following our prepared remarks, we will open the line for your questions. A replay of this conference call will be available from approximately 12:30 p.m. Eastern Time today through May 22nd. Information to access the replay can be found in today's press release. Additionally, a webcast of this earnings call will be available in the Investor Relations section of our website at www.blacksky.com.

A satellite in mid-flight with its solar panels capturing the sun's rays.
A satellite in mid-flight with its solar panels capturing the sun's rays.

In conjunction with today's call, we have posted a quarterly earnings presentation on the Investor Relations website that you may use to follow along with our prepared remarks. Before we begin, let me remind you that certain statements made during today's conference call regarding our future plans, objectives, and expected performance, including our financial guidance for 2024 are forward-looking statements. Actual results may differ materially as these statements are based on our current expectations as of today and are subject to risks and uncertainties, including those stated in our Form 10-K. We encourage you to review our press release, Form 10-K and other recent SEC filings for a full discussion of the risks and uncertainties that pertain to these statements and that may affect future results or the market price of our stock.

ADVERTISEMENT

BlackSky assumes no obligation to update forward-looking statements, except as may be required by applicable law. In addition, during today's call, we will refer to certain non-GAAP financial measures, including adjusted EBITDA, adjusted imagery and software analytical services cost of sales and cash operating expenses. The reconciliation of these non-GAAP financial measures to their most comparable GAAP measures are included in today's accompanying presentation, which can be viewed and downloaded from our Investor Relations website. At this point, I'll turn the call over to Brian O'Toole. Brian?

Brian O’Toole: Thanks, Aly, and good morning, everyone. Thank you for joining us on today's call. Let's begin with Slide 3. I'm happy to report that Q1 was another strong quarter as we continue to make great progress across all aspects of our business. Demand for our space-based intelligence remains strong as we continue to secure more new customers and expand the services we are delivering to existing customers. We also continue to demonstrate strong operating leverage in our business as revenue growth from our high-margin Imagery and Analytic services delivers improving operating margins. Combined with our disciplined cost management and streamlined operating efficiencies, we continue on our path of delivering positive adjusted EBITDA results.

See also

15 Best Places to Retire in Delaware and

20 Countries with the Highest Pupil-to-Teacher Ratio in the World.

To continue reading the Q&A session, please click here.