BlackSky Technology Inc. announced its results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, total revenue was $22.5 million, an increase of 6% from $21.26 million in Q4 2023. Imagery and software analytical services revenue grew 13% year-over-year to $17.3 million.
The company reported positive Adjusted EBITDA of $0.7 million for Q4 2024, improving from a $0.4 million loss in the prior year period. For the full year 2024, BlackSky achieved its first full year of positive Adjusted EBITDA at $11.6 million, a substantial improvement from a $1 million loss in 2023. Total revenue for full year 2024 was $102.1 million, up 8.0% from 2023.
BlackSky reaffirmed its full-year 2024 guidance for revenue between $102 million and $118 million and Adjusted EBITDA between $8 million and $16 million. The company also highlighted the successful launch of its first Gen-3 satellite on February 18, which delivered first light images five days later, marking a significant operational milestone.
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