BlackSky Expects FY24 Revenue Of $102M-$118M (Vs. Cons. $118.71M), Adjusted EBITDA Of $8M-$16M
Portfolio Pulse from Benzinga Newsdesk
BlackSky projects its FY24 revenue to be between $102M and $118M, which is slightly below the consensus estimate of $118.71M. The company also anticipates an adjusted EBITDA ranging from $8M to $16M.
February 28, 2024 | 12:06 pm
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NEGATIVE IMPACT
BlackSky's FY24 revenue projection falls short of consensus estimates, with expected revenue between $102M and $118M and adjusted EBITDA of $8M-$16M.
BlackSky's revenue forecast for FY24 being slightly below consensus estimates could lead to negative investor sentiment in the short term. The projected adjusted EBITDA, while providing some insight into expected profitability, may not be sufficient to offset the lower revenue expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100