10-K
Annual Report
BLACKSKY TECHNOLOGY INC.
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
44 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 32,815,000 | 34,181,000 |
Minimum | 10,000,000 | — |
Restricted cash | 619,000 | 2,835,000 |
Short-term investments | 19,697,000 | 37,982,000 |
Accounts Receivable | 7,071,000 | 3,112,000 |
Related Party | 0 | 0 |
Prepaid Expense and Other Assets, Current | 3,916,000 | 4,713,000 |
Contract assets | 15,213,000 | 5,706,000 |
Total current assets | 79,331,000 | 88,529,000 |
Property and equipment - net | 67,116,000 | 71,584,000 |
Operating lease right of use assets - net | 1,630,000 | 3,586,000 |
Goodwill | 9,393,000 | 9,393,000 |
Investment in equity method investees | 0 | 5,285,000 |
Intangible assets - net | 1,357,000 | 1,918,000 |
Customer backlog and relationships | 1,357,000 | 1,918,000 |
Satellite procurement work in process | 55,976,000 | 50,954,000 |
Other assets | 9,263,000 | 2,841,000 |
Total assets | 224,066,000 | 234,090,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 11,573,000 | 14,368,000 |
Related Party | 10,843,000 | 3,728,000 |
Contract liabilities - current | 3,670,000 | 6,783,000 |
Services Minus Contract Commissions | 3,670,000 | 6,783,000 |
Other current liabilities | 1,405,000 | 2,048,000 |
Related Party | 300,000 | — |
Total current liabilities | 27,491,000 | 26,927,000 |
Operating lease liabilities | 3,041,000 | 3,132,000 |
Derivative liabilities | 15,149,000 | 5,113,000 |
Sponsor Shares | 1,300,000 | 1,700,000 |
Long-term debt | 83,502,000 | 76,219,000 |
Other liabilities | 1,724,000 | 825,000 |
Total liabilities | 130,907,000 | 112,216,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 145,232 and 121,938 shares; outstanding, 142,837 shares and 119,508 shares as of December 31, 2023 and 2022, respectively. | 14,000 | 12,000 |
Additional paid-in capital | 692,115,000 | 666,973,000 |
Accumulated deficit | (598,970,000) | (545,111,000) |
Total stockholders’ equity | 93,159,000 | 121,874,000 |
Class A Common Stock | 14,000 | 12,000 |
Additional Paid-in Capital | 692,115,000 | 666,973,000 |
Accumulated Deficit | (598,970,000) | (545,111,000) |
Total liabilities and stockholders’ equity | 224,066,000 | 234,090,000 |