10-Q
Quarterly Report
BLACKSKY TECHNOLOGY INC
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 25,552,000 | 32,815,000 |
Restricted cash | 1,097,000 | 619,000 |
Short-term investments | 15,680,000 | 19,697,000 |
Accounts Receivable | 8,218,000 | 7,071,000 |
Related Party | 0 | 0 |
Accounts Receivable - Government Contracts Concentration Risk | 5,600,000 | 6,000,000 |
Prepaid Expense and Other Assets, Current | 3,736,000 | 3,916,000 |
Contract assets | 28,166,000 | 15,213,000 |
Total current assets | 82,449,000 | 79,331,000 |
Property and equipment - net | 52,479,000 | 67,116,000 |
Operating lease right of use assets - net | 4,220,000 | 1,630,000 |
Goodwill | 9,393,000 | 9,393,000 |
Intangible assets - net | 1,076,000 | 1,357,000 |
Satellite procurement work in process | 71,716,000 | 55,976,000 |
Other assets | 2,963,000 | 9,263,000 |
Total assets | 224,296,000 | 224,066,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 11,480,000 | 11,573,000 |
Related Party | 2,378,000 | 10,843,000 |
Contract liabilities - current | 4,580,000 | 3,670,000 |
Services Minus Contract Commissions | 4,580,000 | 3,670,000 |
Debt, Current | 309,000 | 0 |
Other current liabilities | 933,000 | 1,405,000 |
Related Party | 400,000 | 300,000 |
Total current liabilities | 19,680,000 | 27,491,000 |
Operating lease liabilities | 6,868,000 | 3,041,000 |
Derivative liabilities | 10,130,000 | 15,149,000 |
Long-term debt - net of current portion | 108,273,000 | 83,502,000 |
Other liabilities | 2,814,000 | 1,724,000 |
Total liabilities | 147,765,000 | 130,907,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 148,910 and 145,232 shares; outstanding, 146,530 shares and 142,837 shares as of June 30, 2024 and December 31, 2023, respectively. | 15,000 | 14,000 |
Additional paid-in capital | 700,693,000 | 692,115,000 |
Accumulated deficit | (624,177,000) | (598,970,000) |
Total stockholders’ equity | 76,531,000 | 93,159,000 |
Class A Common Stock | 15,000 | 14,000 |
Additional Paid-in Capital | 700,693,000 | 692,115,000 |
Accumulated Deficit | (624,177,000) | (598,970,000) |
Total liabilities and stockholders’ equity | 224,296,000 | 224,066,000 |