BlackSky Reaffirms Its 2024 Outlook: Expects Revenue Of $102M-$118M Vs. Consensus Of $113.91M, Adjusted EBITDA Of $8M-$16M; Sees Capital Expenditures Of $55M-$65M, Primarily Driven By Investments In The Gen-3 Satellites
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology Inc. (BKSY) has reaffirmed its 2024 financial outlook, projecting revenues of $102M-$118M, which aligns with the consensus estimate of $113.91M. The company also expects an adjusted EBITDA of $8M-$16M and anticipates capital expenditures of $55M-$65M, mainly for investments in Gen-3 satellites.
May 08, 2024 | 11:20 am
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BlackSky Technology Inc. reaffirms its 2024 revenue forecast of $102M-$118M, in line with consensus, and expects adjusted EBITDA of $8M-$16M. Capital expenditures are projected at $55M-$65M for Gen-3 satellite investments.
Reaffirming its 2024 outlook, especially when it aligns with consensus estimates, is likely to instill confidence in investors and could positively impact BlackSky's stock price in the short term. The clear plan for capital expenditures, primarily for Gen-3 satellites, indicates a strategic investment in the company's future capabilities and growth, further supporting a positive outlook.
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