BlackSky Makes 2023 Deloitte Technology Fast 500™ List of America's Fastest-Growing Companies
November 08 2023 - 5:30AM
Business Wire
BlackSky has grown revenue 377% from fiscal
year 2019 until 2022
BlackSky Technology Inc. (NYSE: BKSY) was named on the Deloitte
Technology Fast 500™, a ranking of the 500 fastest-growing
technology, media, telecommunications, life sciences, fintech, and
energy tech companies in North America, now in its 29th year.
BlackSky has grown revenue 377% from fiscal year 2019 until
2022.
“The world needs real-time space-based intelligence now more
than ever and BlackSky is making that a reality,” said Brian E.
O’Toole, BlackSky CEO. “BlackSky has built the world’s most
advanced space-based intelligence platform and is helping
governments worldwide gain foresight into critical matters that
affect their national security and economy from space.”
BlackSky delivers thousands of high-resolution images and
analytics every month to organizations worldwide, delivering
transparency and insights into border crossings, nuclear and port
facilities, and other economically critical infrastructure at
scale.
“BlackSky helps nations quickly build sovereign space
capabilities and gain immediate access to on-demand, real-time
high-frequency imagery and analytics services,” said O’Toole.
BlackSky remains on track to achieve positive Adjusted EBITDA in
Q4 2023. This is the result of continued revenue growth, high
incremental margins from imagery and analytic services and
continued responsible cost management.
The Deloitte Technology Fast 500 provides a ranking of the
fastest-growing technology, media, telecommunications, life
sciences, fintech, and energy tech companies — both public and
private — in North America. Technology Fast 500 award winners are
selected based on percentage fiscal year revenue growth from 2019
to 2022.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company’s operating revenues. Companies must have base-year
operating revenues of at least US$50,000, and current-year
operating revenues of at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
About BlackSky
BlackSky is a leading provider of real-time geospatial
intelligence. BlackSky delivers on-demand, high frequency imagery,
monitoring and analytics of the most critical and strategic
locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s
leading low earth orbit small satellite constellations, optimized
to capture imagery cost-efficiently where and when our customers
need it. The BlackSky Spectra® software platform processes data
from BlackSky’s constellation and from other third-party sensors to
develop the critical insights and analytics that our customers
require.
BlackSky is relied upon by U.S. and international government
agencies, commercial businesses, and organizations around the
world. BlackSky is headquartered in Herndon, VA, and is publicly
traded on the New York Stock Exchange as BKSY. To learn more, visit
www.blacksky.com and follow us on X (formerly Twitter).
Forward-Looking Statements
Certain statements in this press release may contain
forward-looking statements within the meaning of the federal
securities laws with respect to BlackSky. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document. If any of these risks
materialize or underlying assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. In addition, forward-looking statements
reflect our expectations, plans, or forecasts of future events and
views as of the date of this communication. We anticipate that
subsequent events and developments will cause their assessments to
change. Accordingly, forward-looking statements should not be
relied upon as representing our views as of any subsequent date,
and we do not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. Additional risks and uncertainties are identified and
discussed in BlackSky’s disclosure materials filed from time to
time with the SEC which are available at the SEC’s website at
http://www.sec.gov or on BlackSky’s Investor Relations website at
https://ir.blacksky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231108372063/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External Communications
pcabellon@blacksky.com
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