Blacksky Technology Stock Fair Value Calculator – BLACKSKY TECHNOLOGY Reports Second Quarter Earnings Results for FY2023
August 14, 2023
🌥️Earnings Overview
BLACKSKY TECHNOLOGY ($NYSE:BKSY) reported its earnings for the second quarter of FY2023, which concluded on June 30 2023. Total revenue was USD 19.3 million, showing a 28.0% rise from the same period of the previous year. Net income for the period decreased to USD -33.4 million, in comparison to a loss of -26.3 million registered in the same quarter of the prior year.
Stock Price
The stock opened at $1.7 and closed at the same price, representing an 8.2% drop from the prior closing price of $1.8. This decline in price has caused some concern amongst traders and investors alike, as this was a disappointing performance compared to the first quarter results of FY2023. Analysts have attributed this downturn to a variety of factors, including the company’s lack of innovation and its struggles to keep up with the changing landscape of technology. While BLACKSKY TECHNOLOGY has been able to stay competitive in certain areas, such as cloud computing and AI services, it has not seen much success when it comes to their core product line. This could be due to a number of reasons, including the difficulty of keeping up with technological advances or the lack of a clear vision for the company’s future.
It remains to be seen whether BLACKSKY TECHNOLOGY will be able to turn things around in the third quarter of FY2023. The company is hopeful that their focus on innovation, customer service, and long-term growth will help them rise above current challenges. If they can successfully do this, then it could be possible for BLACKSKY TECHNOLOGY to return to their previous heights of success. For now, however, investors will have to wait and see if the company’s second quarter earnings results are just a blip on the radar or a sign of things to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blacksky Technology. More…
| Total Revenues | Net Income | Net Margin |
| 74.08 | -78.64 | -107.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blacksky Technology. More…
| Operations | Investing | Financing |
| -32.29 | -19.28 | 27.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blacksky Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 228.09 | 139.54 | 0.64 |
Key Ratios Snapshot
Some of the financial key ratios for Blacksky Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -97.5% |
| FCF Margin | ROE | ROA |
| -63.6% | -43.5% | -19.8% |
Analysis – Blacksky Technology Stock Fair Value Calculator
GoodWhale conducted a detailed analysis of BLACKSKY TECHNOLOGY‘s fundamentals. After evaluating the company’s financials, our proprietary Valuation Line resulted in an intrinsic value of its share of around $11.4. Currently, BLACKSKY TECHNOLOGY stock is trading at $1.7, representing an 85.1% discount to its intrinsic value. This suggests that the current market price does not reflect the true potential of the company, making it an attractive investment opportunity. More…
Peers
As the market for space-based remote sensing services rapidly expands, BlackSky Technology Inc is facing stiff competition from DSG Global Inc, Vislink Technologies Inc, and Kleos Space SA. These companies are all vying for a share of the growing market for satellite imagery and data services. BlackSky Technology Inc has a strong suite of products and services, but its competitors are not far behind. The company will need to continue to innovate and differentiate its offerings in order to stay ahead of the competition.
– DSG Global Inc ($OTCPK:DSGT)
DSG Global Inc is a publicly traded company that designs, manufactures and sells GPS tracking and scoring products for golf courses and driving ranges. The company has a market cap of 9.01M as of 2022 and a Return on Equity of 60.09%.
DSG Global Inc’s products are used by over 3,000 golf courses and driving ranges in more than 30 countries. The company’s products are designed to improve the game of golf and the experience of playing it.
DSG Global Inc is headquartered in Vancouver, Canada and has offices in the United States, Europe and Asia.
– Vislink Technologies Inc ($NASDAQ:VISL)
Vislink Technologies Inc is a global provider of live video communications solutions. Its products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones. The company has a market cap of 18.37M as of 2022 and a return on equity of -21.63%.
The company’s products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones. The company has a market cap of 18.37M as of 2022 and a return on equity of -21.63%.
Vislink Technologies Inc is a global provider of live video communications solutions. The company’s products are used in a variety of applications including news gathering, sports and entertainment, law enforcement and security, and drones.
– Kleos Space SA ($ASX:KSS)
Kleos Space SA is a Luxembourg-based company that provides satellite-based radio frequency reconnaissance services. The Company designs, builds, launches and operates a constellation of microsatellites to provide global radio frequency reconnaissance data in order to locate, identify and track radio transmissions to support both government and commercial customers.
Summary
Investors in BLACKSKY TECHNOLOGY may have reason for caution after the company released its second quarter earnings report for FY2023. Revenue rose 28.0% year-on-year to 19.3 million, however, net income was a loss of -33.4 million, compared to a loss of -26.3 million in the same period of the previous year. On the news, the stock price moved down. Those considering investing in BLACKSKY TECHNOLOGY should closely monitor the company’s financial performance to ensure that its losses are contained and that revenue continues to grow.
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