BlackSky Technology Inc. Plunges 14.74% on Q2 Loss, Revenue Drop

On July 18, 2025, BlackSky Technology Inc. experienced a significant drop of 14.74% in pre-market trading, reflecting a notable decline in investor sentiment.

On July 17, 2025, BlackSky Technology Inc. released preliminary estimated unaudited financial results for the three and six months ended June 30, 2025. The company reported a net loss of $10.3 million for the second quarter, compared to a net loss of $8.5 million in the same period last year. The increase in net loss was primarily due to higher operating expenses and lower revenue. The company's revenue for the second quarter was $15.2 million, down from $16.1 million in the same period last year. The decrease in revenue was mainly due to lower sales of the company's satellite imagery products.

BlackSky Technology Inc. has been facing challenges in its satellite imagery business, which has led to a decline in revenue and an increase in net loss. The company has been investing in new technologies and expanding its product offerings to address these challenges. However, these investments have not yet translated into increased revenue or profitability. The company's management has stated that it is focused on improving operational efficiency and reducing costs to improve its financial performance.