BlackSky Technology Inc. (BKSY) experienced a significant pre-market plunge of 6.20% in Thursday's trading session.
The sharp decline follows the company's disappointing first-quarter earnings report, where BlackSky reported losses of $0.82 per share, missing analyst consensus estimates of $0.40 by 105 percent. Revenue also fell short at $20.774 million, below the $28.067 million estimate by 25.99 percent. Both metrics represent substantial decreases compared to the same period last year.
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