BlackSky secures two-year Gen-3 early access agreement with new customer

HERNDON, Va. - BlackSky Technology Inc. (NYSE:BKSY), a satellite intelligence company with a market capitalization of $607 million and an impressive 115% stock return over the past year, has secured a two-year Gen-3 early access agreement with a new international customer that initially signed a Gen-2 On-Demand contract in January, according to a company press release.

The agreement will provide the customer with access to BlackSky’s Gen-3 very high-resolution imagery capabilities alongside its existing Gen-2 low-latency, high-cadence dynamic monitoring services. According to InvestingPro data, BlackSky maintains strong operational efficiency with a 69% gross profit margin and healthy liquidity, with current assets significantly exceeding short-term obligations.

BlackSky’s Gen-3 satellites produce 35-centimeter imagery that enables automated identification and classification of vehicles, aircraft, vessels, and other objects of military interest. This complements the company’s current Gen-2 constellation, which provides dawn-to-dusk monitoring services.

"Existing On-Demand customers are quickly realizing how the immediate availability and powerful, comprehensive tip-and-cue utility between our Gen-3 and Gen-2 systems delivers a critical real-time decision advantage," said Brian O’Toole, BlackSky CEO.

The On-Demand services operate on a subscription basis, providing access to global satellite imagery and AI-driven analytics. The service is designed for operations where responsiveness is essential, offering immediate tasking capabilities and data fusion.

BlackSky operates a commercial real-time intelligence system that combines its proprietary low earth orbit satellite constellation with its SpectraⓇ tasking and analytics software platform.

The company is headquartered in Herndon, Virginia, and is publicly traded on the New York Stock Exchange. While the company generated $104.7 million in revenue over the last twelve months, InvestingPro analysis indicates the stock is currently trading above its Fair Value. Investors can access 13 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research report, available for over 1,400 US stocks.

In other recent news, BlackSky Technology Inc. reported a 5.2% increase in revenue for the second quarter of 2025, totaling $51.7 million. Despite this revenue growth, the company faced an adjusted EBITDA loss of $3.4 million, a notable decline from the $3.5 million profit achieved in the same quarter the previous year. These financial results were a key development for investors monitoring the company’s performance. The earnings report did not mention any mergers or acquisitions, which are often of interest to stakeholders. Additionally, there were no recent analyst upgrades or downgrades reported for BlackSky Technology Inc. Other company news was not highlighted in the earnings call transcript. These recent developments provide important insights into BlackSky Technology Inc.’s financial health and market position.

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