Page 1

November 12 , 2021 BLACK SKY BlackSky Technology Inc. Reports Third Quarter 2021 Results 3rd Quarter Revenue Up Over 49 % YoY On a Year to Date Basis , Total Revenue up over 53 % HERNDON , Va .-- ( BUSINESS WIRE ) -- BlackSky Technology Inc. ( " BlackSky " or the " Company " ) ( NYSE : BKSY ) , a leading technology platform providing real - time geospatial intelligence and global monitoring , today announced its results for the third quarter of 2021 . Key points from the third quarter include : • Revenue of $ 7.9 million , up 49 % from 3Q 2020 Net loss of $ 46.9 million or a loss of $ 0.67 per diluted share Adjusted EBITDA loss of $ 16.2 million Cash balance at the end of 3Q 2021 was $ 198 million " We demonstrated strong execution across all aspects of our business as we continue our mission of providing our customers a first - to - know advantage . BlackSky is leading a new era in real - time global intelligence . Achievements during the quarter include positive sales traction , expansion of our global sales force and pipeline , and progress on the expansion of our constellation and artificial intelligence enabled SaaS platform , " stated Brian E. O'Toole , Chief Executive Officer . " The third quarter included several major milestones . Most importantly , BlackSky completed its business combination with Osprey Technology Acquisition Corp. , grossing $ 283 million of cash to fund our growth plan . In addition , we bolstered the ranks of our executive management team through four strategic executive hires , all with public company experience , including a Chief Development Officer , Chief Revenue Officer , Chief Financial Officer , and General Counsel . BlackSky also completed the build out of our board of directors with the appointment of The Honorable Susan Gordon and Jim Tolonen , both seasoned veterans in their respective areas of expertise . We now have a high caliber , experienced team in place to help drive our aggressive growth plans . " In its first quarter as a public company , BlackSky was awarded several new contracts , including multi - year awards , and extensions : • The award of a five - year , sole source blanket purchase agreement by the National Aeronautics and Space Administration ( " NASA " ) to provide high revisit satellite imagery in support of NASA's existing Earth observation research to advance predictive capabilities . Under the agreement , NASA may issue multi - million dollar call orders for BlackSky imagery . • The expansion of an existing commercial imagery contract with the National Reconnaissance Office ( “ NRO ” ) , representing an increase in demand from operational end users for BlackSky's high revisit imagery . Imagery deliveries under the contract