BlackSky Technology Inc. (NYSE: BKSY) saw its stock price plummet 7.77% in pre-market trading on Thursday following the release of its third-quarter 2025 earnings report. The sharp decline comes as the company reported a substantial revenue miss, overshadowing a slight earnings beat.
For the third quarter, BlackSky reported revenue of $19.618 million, falling significantly short of the analyst consensus estimate of $28.469 million by 31.09%. This represents a 13% decrease compared to the same period last year when the company posted sales of $22.549 million. The considerable revenue shortfall appears to be the primary driver behind the stock's pre-market slide.
On a more positive note, the company reported a smaller-than-expected loss per share. BlackSky's quarterly losses came in at $(0.44) per share, beating the analyst consensus estimate of $(0.47) by 6.38%. This represents an improvement from the $(0.66) per share loss reported in the same quarter of the previous year. Despite this earnings beat and the company's statement that it is maintaining its full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures, investors seem to be focusing on the revenue miss, as reflected in the pre-market stock movement.
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