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BlackSky Technology Shares Soar 11.9% on Earnings Surprise
Generated by AI AgentAinvest Movers Radar
Thursday, May 8, 2025 8:40 am ET1min read
BlackSky Technology Inc. (BKSY) shares surged 11.9% in pre-market trading on May 8, 2025, driven by strong first-quarter earnings and revenue surprises.
BlackSky Technology reported a 10.64% earnings surprise and a 7.27% revenue surprise for the quarter ended March 2025. The company's revenue reached $29.5 million, exceeding estimates of $27.20 million and marking a 22% increase from the prior year quarter. The net loss was reduced to $12.8 million, indicating improved financial performance.
BlackSky Technology successfully completed the commissioning of its first Gen-3 satellite and is preparing to ship the second unit for an expected launch in the second quarter of 2025. This milestone is part of the company's ongoing efforts to enhance its satellite technology and expand its capabilities.
The company's strong performance in the first quarter, coupled with the successful commissioning of its Gen-3 satellite, has positioned
for continued growth and innovation in the satellite technology sector.
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