Strong International Demand
BlackSky was awarded more than $60 million in new contracts primarily with international customers, indicating strong international demand. International revenues now represent about half of total revenues, driven by new contracts and expanded service agreements.
Gen-3 Satellite Deployment
The Gen-3 constellation continues to expand, with the latest satellite at the launch site. BlackSky plans to have at least 12 Gen-3 satellites operational by the end of next year. Gen-3's high-resolution imagery and AI-driven analytics are gaining traction.
Increased Cash Position
BlackSky's cash balance increased more than 50% from last year following a successful raise, bringing total liquidity to over $200 million. This positions the company on a path toward free cash flow operations.
AI and Analytics Solutions Traction
AI and analytics solutions continue to gain traction, including a seven-figure contract under the NGA Luno program and partnerships with major international government programs.