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BlackSky Technology BKSY Contract Liabilities

Discontinued — last reported Q3 '23

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Other financials

Income statement

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Revenue$20.8M-29.7%
Operating income-$18.5M-54.7%
Net income-$29.7M-132%
EPS (diluted)-$0.82-95.2%

Balance sheet

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Cash & equivalents$41.4M+89.1%
Total debt$226.7M+76.9%
Total equity$80.8M-9.1%
Total assets$371.7M+30.5%

Cash flow

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Operating cash flow-$2.4M-109%
CapEx$3.9M-13.4%
Free cash flow-$6.2M-127%

Valuation

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Market cap$1.19B+98.6%
Enterprise value$1.38B+93.2%
P/S12.2×+6.5×

Profitability

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Operating margin-54.7%+31.4pp
Net margin-89.1%+289pp
FCF margin-75.2%-82.5pp

Returns & leverage

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Return on equity-102.7%+164pp
Debt / equity2.8×+1.4×
Current ratio3.5×-0.3×

Where this comes from

Reported directly by BlackSky Technology in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: BlackSky Technology’s 10-Q, filed November 8, 2023.

Filed
Nov 8, 2023, 4:40 PM EST
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001753539-23-000102
Line itemSeptember 30, 2023December 31, 2022
Contract liabilities - current6,6216,783
Other current liabilities1,5272,048
Total current liabilities18,66826,927
Long-term contract liabilities96109
Operating lease liabilities3,3203,132
Derivative liabilities15,3835,113
Long-term debt - net of current portion79,47476,219
Other liabilities3,718716

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is BlackSky Technology's contract liabilities?
BlackSky Technology (BKSY) reported contract liabilities of $96K in Q3 2023.
How has BlackSky Technology's contract liabilities changed year-over-year?
BlackSky Technology's contract liabilities increased by 128.6% year-over-year, from $42K to $96K.
What is the long-term trend for BlackSky Technology's contract liabilities?
Over 2 years (2020 to 2022), BlackSky Technology's contract liabilities has grown at a -79.4% compound annual growth rate (CAGR), from $2.56M to $109K.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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