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Business/Financial

BlackSky’s 45% Revenue Growth in 2023 Fueled by International Customer Gains

Abbey Weltman

Thursday, February 29th, 2024

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BlackSky’s 45% Revenue Growth in 2023 Fueled by International Customer Gains

BlackSky has said its 12 small satellites have a revisit rate of 15 times per hour for some locations to provide high-resolution imagery (Black Sky Photo)

BlackSky Technology closed out the 2023 fiscal year with record high revenues, new international customers, and a growing demand for the future. The company reported 2023 financials on Wednesday. BlackSky’s total revenue for 2023 was $94.5 million, up $29.1 million, or 45%, from 2022. The company saw a 38% year-over-year growth increase in high-margin imagery and analytics revenue. BlackSky said the revenue growth was driven by new contracts, increased orders, and new customer wins. CEO Brian O’Toole also reported BlackSky increased…

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