BlackSky Technology Narrowed FY23 Revenue Outlook To $84M-$90M (From $84M-$96M) Vs. Consensus Of $87.33M; Says On Track To Accomplish Positive Adjusted EBITDA In Q4
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology has revised its FY23 revenue outlook to $84M-$90M, down from the previous range of $84M-$96M. The new forecast is in line with the consensus estimate of $87.33M. The company also stated it is on track to achieve positive adjusted EBITDA in Q4.
November 08, 2023 | 12:04 pm
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BlackSky Technology has lowered its FY23 revenue outlook, which is now in line with consensus estimates. The company is also expecting positive adjusted EBITDA in Q4.
BlackSky Technology's revised revenue outlook is in line with consensus estimates, which may not significantly impact the stock price in the short term. However, the company's expectation of positive adjusted EBITDA in Q4 could be a positive signal to investors.
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