BlackSky Technology Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
BKSY$23.84-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements Condensed Consolidated Balance Sheets
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $14,965 | $32,815 |
| Restricted cash | 413 | 619 |
| Short-term investments | 20,428 | 19,697 |
| Accounts receivable, net of allowance of $252 and $151, respectively | 5,582 | 7,071 |
| Prepaid expenses and other current assets | 3,836 | 3,916 |
| Contract assets | 24,134 | 15,213 |
| Total current assets | 69,358 | 79,331 |
| Property and equipment - net | 59,883 | 67,116 |
| Operating lease right of use assets - net | 4,517 | 1,630 |
| Goodwill | 9,393 | 9,393 |
| Intangible assets - net | 1,216 | 1,357 |
| Satellite procurement work in process | 62,106 | 55,976 |
| Other assets | 3,640 | 9,263 |
| Total assets | $210,113 | $224,066 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $13,078 | $11,573 |
| Amounts payable to equity method investees | 164 | 10,843 |
| Contract liabilities - current | 2,157 | 3,670 |
| Debt - current portion | 304 | — |
| Other current liabilities | 1,560 | 1,405 |
| Total current liabilities | 17,263 | 27,491 |
| Operating lease liabilities | 6,997 | 3,041 |
| Derivative liabilities | 15,404 | 15,149 |
| Long-term debt | 84,695 | 83,502 |
| Other liabilities | 4,041 | 1,724 |
| Total liabilities | 128,400 | 130,907 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 146,821 and 145,232 shares; outstanding, 144,434 shares and 142,837 shares as of March 31, 2024 and December 31, 2023, respectively. | 14 | 14 |
| Additional paid-in capital | 696,479 | 692,115 |
| Accumulated deficit | (614,780) | (598,970) |
| Total stockholders’ equity | 81,713 | 93,159 |
| Total liabilities and stockholders’ equity | $210,113 | $224,066 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.