BlackSky Technology Misses Q2 Consensus, Sees Strong Contract Win
Portfolio Pulse from Anusuya Lahiri
BlackSky Technology Inc (NYSE:BKSY) reported Q2 2023 revenue growth of 28% YoY to $19.33 million, missing the consensus of $20.55 million. The company's EPS loss of 24 cents also missed the consensus loss of 12 cents. However, BlackSky won over $35 million in new contracts and renewal agreements since Q2 began. The company reaffirmed its FY23 outlook, expecting 2023 revenue of $84 million - $96 million. BKSY shares are trading lower by 2.72% at $1.79 premarket.
August 09, 2023 | 3:27 pm
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NEGATIVE IMPACT
BlackSky Technology's Q2 2023 revenue and EPS missed consensus, which may have contributed to the premarket drop in its share price. However, the company's strong contract wins and reaffirmed FY23 outlook could potentially offset this negative impact.
BlackSky's Q2 2023 revenue and EPS missed consensus, which is typically a negative signal to investors and can lead to a drop in share price. This is reflected in the 2.72% premarket drop in BKSY's share price. However, the company's strong contract wins and reaffirmed FY23 outlook could potentially offset this negative impact in the short term, as these factors indicate a positive future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100