10-Q
Quarterly Report
BLACKSKY TECHNOLOGY INC
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 14,965,000 | 32,815,000 |
Restricted cash | 413,000 | 619,000 |
Short-term investments | 20,428,000 | 19,697,000 |
Accounts Receivable | 5,582,000 | 7,071,000 |
Related Party | 0 | 0 |
Accounts Receivable - Government Contracts Concentration Risk | 5,000,000 | 6,000,000 |
Prepaid Expense and Other Assets, Current | 3,836,000 | 3,916,000 |
Contract assets | 24,134,000 | 15,213,000 |
Total current assets | 69,358,000 | 79,331,000 |
Property and equipment - net | 59,883,000 | 67,116,000 |
Operating lease right of use assets - net | 4,517,000 | 1,630,000 |
Goodwill | 9,393,000 | 9,393,000 |
Intangible assets - net | 1,216,000 | 1,357,000 |
Satellite procurement work in process | 62,106,000 | 55,976,000 |
Other assets | 3,640,000 | 9,263,000 |
Total assets | 210,113,000 | 224,066,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 13,078,000 | 11,573,000 |
Related Party | 164,000 | 10,843,000 |
Contract liabilities - current | 2,157,000 | 3,670,000 |
Services Minus Contract Commissions | 2,157,000 | 3,670,000 |
Debt, Current | 304,000 | 0 |
Other current liabilities | 1,560,000 | 1,405,000 |
Related Party | 900,000 | 300,000 |
Total current liabilities | 17,263,000 | 27,491,000 |
Operating lease liabilities | 6,997,000 | 3,041,000 |
Derivative liabilities | 15,404,000 | 15,149,000 |
Long-term debt | 84,695,000 | 83,502,000 |
Other liabilities | 4,041,000 | 1,724,000 |
Total liabilities | 128,400,000 | 130,907,000 |
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. | 14,000 | 14,000 |
Additional paid-in capital | 696,479,000 | 692,115,000 |
Accumulated deficit | (614,780,000) | (598,970,000) |
Total stockholders’ equity | 81,713,000 | 93,159,000 |
Class A Common Stock | 14,000 | 14,000 |
Additional Paid-in Capital | 696,479,000 | 692,115,000 |
Accumulated Deficit | (614,780,000) | (598,970,000) |
Total liabilities and stockholders’ equity | 210,113,000 | 224,066,000 |