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Business/Financial

BlackSky Grows Revenue Nearly 30% YoY in the Second Quarter

By Rachel Jewett

Friday, August 9th, 2024

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BlackSky Grows Revenue Nearly 30% YoY in the Second Quarter

BlackSky imagery on September 23, 2023 following Ukraine’s missile strike on the Russian Black Sea Fleet headquarters in Crimea (BlackSky Photo)

BlackSky Technology grew revenue by 29% year-over-year in the second quarter of 2024 as the satellite imagery company executed on multiple international contracts. The company reported its Q2 financial results on Aug. 8, reporting $24.9 million of revenue during the quarter. The company continues to narrow its net loss, reporting a $9.4 million net loss for the quarter, compared to a net loss of $33.4 million in the second quarter of 2023. Adjusted EBITDA for the second quarter of 2024 was…

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