BlackSky Technology Inc (NYSE:BKSY) shares are sliding on Thursday after the company delivered a first‑quarter report that came in well below expectations. Here’s what you should know.
- BlackSky Technology shares are retreating from recent levels. What’s pressuring BKSY stock?
What’s Driving The Decline
BlackSky posted a loss of 82 cents per share, more than double the 40 cent loss analysts were expecting and worse than the 42 cents loss reported a year ago. Revenue also disappointed, coming in at $20.77 million versus the $28.07 million consensus estimate, marking a decline of nearly 30% from the same quarter last year.
The market is reacting to the size of the miss. Even though last year’s first quarter benefited from a one‑time $9 million milestone tied to a mission solutions contract, investors are still focused …