BlackSky Reports Third Quarter 2024 Results
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BlackSky Technology Inc. reported its third quarter 2024 results, showing a 6% increase in revenue to $22.5 million compared to the previous year. The company's imagery and software analytical services revenue grew by 13%, and the cost of sales as a percentage of revenue improved from 23% to 21%.
November 07, 2024 | 12:15 pm
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BlackSky Technology Inc. reported a 6% increase in revenue for Q3 2024, with significant growth in imagery and software services. The cost of sales improved, indicating better operational efficiency.
The 6% increase in revenue and 13% growth in imagery and software services indicate strong business performance. Improved cost of sales suggests enhanced operational efficiency, which is positive for the company's profitability and investor sentiment.
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