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BlackSky Technology Shares Drop After Q1 Loss Widens, Revenue Falls

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-- BlackSky Technology (BKSY) shares dropped about 22% in early Thursday trading after the company posted a wider loss and lower revenue in Q1.

The company reported a Q1 net loss Thursday of $0.82 per diluted share, widening from a loss of $0.42 a year earlier.

Analysts surveyed by FactSet expected a loss of $0.39.

Revenue for the quarter ended March 31 was $20.8 million, compared with $29.5 million a year earlier.

Analysts surveyed by FactSet expected $27.6 million.

The company raised its 2026 revenue outlook to a range of $130 million to $150 million, from previous guidance of $120 million to $145 million. Analysts surveyed by FactSet expect $131.9 million.

Price: $31.80, Change: $-8.71, Percent Change: -21.50%

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BlackSky Technology Shares Drop After Q1 Loss Widens, Revenue Falls | FINWIRES