10-Q
Quarterly Report
BLACKSKY TECHNOLOGY INC
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 56,159,000 | 32,815,000 |
Restricted cash | 1,147,000 | 619,000 |
Short-term investments | 7,090,000 | 19,697,000 |
Accounts Receivable | 10,284,000 | 7,071,000 |
Related Party | 0 | 0 |
Accounts Receivable - Government Contracts Concentration Risk | 4,400,000 | 6,000,000 |
Prepaid Expense and Other Assets, Current | 5,086,000 | 3,916,000 |
Contract assets | 26,736,000 | 15,213,000 |
Total current assets | 106,502,000 | 79,331,000 |
Property and equipment - net | 46,945,000 | 67,116,000 |
Operating lease right of use assets - net | 2,559,000 | 1,630,000 |
Goodwill | 9,393,000 | 9,393,000 |
Intangible assets - net | 936,000 | 1,357,000 |
Satellite procurement work in process | 76,504,000 | 55,976,000 |
Other assets | 2,616,000 | 9,263,000 |
Total assets | 245,455,000 | 224,066,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 12,683,000 | 11,573,000 |
Related Party | 0 | 10,843,000 |
Contract liabilities - current | 4,224,000 | 3,670,000 |
Services Minus Contract Commissions | 4,224,000 | 3,670,000 |
Debt, Current | 324,000 | 0 |
Other current liabilities | 1,523,000 | 1,405,000 |
Related Party | 900,000 | 300,000 |
Total current liabilities | 18,754,000 | 27,491,000 |
Operating lease liabilities | 7,043,000 | 3,041,000 |
Derivative liabilities | 6,556,000 | 15,149,000 |
Long-term debt - net of current portion | 98,427,000 | 83,502,000 |
Other liabilities | 4,408,000 | 1,724,000 |
Total liabilities | 135,188,000 | 130,907,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 30,779 and 18,154 shares; outstanding, 30,482 shares and 17,855 shares as of September 30, 2024 and December 31, 2023, respectively. | 3,000 | 2,000 |
Additional paid-in capital | 747,032,000 | 692,127,000 |
Accumulated deficit | (636,768,000) | (598,970,000) |
Total stockholders’ equity | 110,267,000 | 93,159,000 |
Class A Common Stock | 3,000 | 2,000 |
Additional Paid-in Capital | 747,032,000 | 692,127,000 |
Accumulated Deficit | (636,768,000) | (598,970,000) |
Total liabilities and stockholders’ equity | 245,455,000 | 224,066,000 |
Common stock, shares issued (in shares) | 30,779,000 | 18,154,000 |