NYSE:BKSYProfessional Services
BlackSky (BKSY) Stock Jumps As Gen 3 Margins Meet Losses
BlackSky Technology stock jumped about 5% today to US$29.16, even though the company is still reporting quarterly losses. The market latched onto one thing: Q2 revenue reached US$33.3m while adjusted EBITDA turned positive at US$4.7m, a clear swing for a space data and satellite operator that has been burning cash in prior periods.
That short term pop sits on top of a 90 day share price decline of roughly 26%. The real question now is whether this early profitability signal from BlackSky’s...