Satellite-imagery specialist BlackSky Technology (NYSE: BKSY) reported better-than-expected quarterly results and kept its full-year guidance intact. Investors are relieved, sending the company’s stock up 25%, as of 11:30 a.m. ET.
BlackSky provides high-resolution imagery, analytics, and monitoring services via a fleet of satellites to government and commercial customers. The company lost $0.42 per share in the first quarter on revenue of $29.5 million, topping Wall Street’s estimate of a $0.46 per-share loss on $27 million in sales.
Image source: Getty Images.