2024 Q2 Form 10-Q Financial Statement
#000175353924000063 Filed on May 09, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $24.94M | $24.24M |
| YoY Change | 29.03% | 31.74% |
| Cost Of Revenue | $6.882M | $7.033M |
| YoY Change | -19.28% | 8.57% |
| Gross Profit | $18.06M | $17.20M |
| YoY Change | 67.17% | 44.33% |
| Gross Profit Margin | 72.4% | 70.98% |
| Selling, General & Admin | $18.21M | $18.82M |
| YoY Change | -2.95% | -0.7% |
| % of Gross Profit | 100.88% | 109.38% |
| Research & Development | $286.0K | $456.0K |
| YoY Change | 62.5% | 111.11% |
| % of Gross Profit | 1.58% | 2.65% |
| Depreciation & Amortization | $11.28M | $11.18M |
| YoY Change | -4.24% | 15.84% |
| % of Gross Profit | 62.46% | 65.01% |
| Operating Expenses | $18.50M | $19.27M |
| YoY Change | -2.34% | 0.56% |
| Operating Profit | -$11.72M | -$13.25M |
| YoY Change | -41.16% | -21.58% |
| Interest Expense | $3.029M | $2.634M |
| YoY Change | 35.1% | 42.15% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $2.000K | $1.000K |
| YoY Change | -100.23% | -100.11% |
| Pretax Income | -$9.145M | -$15.74M |
| YoY Change | -72.64% | -8.5% |
| Income Tax | $252.0K | $70.00K |
| % Of Pretax Income | ||
| Net Earnings | -$9.397M | -$15.81M |
| YoY Change | -71.89% | -8.69% |
| Net Earnings / Revenue | -37.68% | -65.23% |
| Basic Earnings Per Share | -$0.06 | -$0.11 |
| Diluted Earnings Per Share | -$0.06 | -$0.11 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 146.8M shares | 146.3M shares |
| Diluted Shares Outstanding | 145.2M shares | 143.2M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $41.23M | $35.39M |
| YoY Change | -28.51% | -48.52% |
| Cash & Equivalents | $25.55M | $14.97M |
| Short-Term Investments | $15.68M | $20.43M |
| Other Short-Term Assets | $4.833M | $4.249M |
| YoY Change | -11.37% | -40.41% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $8.218M | $5.582M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $82.45M | $69.36M |
| YoY Change | 4.17% | -24.11% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $52.48M | $59.88M |
| YoY Change | -35.69% | -31.47% |
| Goodwill | $9.393M | $9.393M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $0.00 | |
| YoY Change | -100.0% | |
| Other Assets | $2.963M | $3.640M |
| YoY Change | -9.44% | 41.3% |
| Total Long-Term Assets | $141.8M | $140.8M |
| YoY Change | -4.76% | -6.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $82.45M | $69.36M |
| Total Long-Term Assets | $141.8M | $140.8M |
| Total Assets | $224.3M | $210.1M |
| YoY Change | -1.66% | -12.91% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $11.48M | $13.08M |
| YoY Change | 6.39% | 23.72% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $309.0K | $304.0K |
| YoY Change | ||
| Total Short-Term Liabilities | $19.68M | $17.26M |
| YoY Change | 13.41% | -17.22% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $108.3M | $84.70M |
| YoY Change | 36.34% | 10.96% |
| Other Long-Term Liabilities | $2.814M | $4.041M |
| YoY Change | -59.93% | 5756.52% |
| Total Long-Term Liabilities | $111.1M | $88.74M |
| YoY Change | 28.52% | 16.15% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $19.68M | $17.26M |
| Total Long-Term Liabilities | $111.1M | $88.74M |
| Total Liabilities | $147.8M | $128.4M |
| YoY Change | 5.89% | 4.95% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$624.2M | -$614.8M |
| YoY Change | 4.75% | 9.31% |
| Common Stock | $15.00K | $14.00K |
| YoY Change | 7.14% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $76.53M | $81.71M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $224.3M | $210.1M |
| YoY Change | -1.66% | -12.91% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$9.397M | -$15.81M |
| YoY Change | -71.89% | -8.69% |
| Depreciation, Depletion And Amortization | $11.28M | $11.18M |
| YoY Change | -4.24% | 15.84% |
| Cash From Operating Activities | -$1.792M | -$3.810M |
| YoY Change | -283.42% | -77.05% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $3.279M | $3.297M |
| YoY Change | -41.15% | 14.72% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$4.661M | -$11.81M |
| YoY Change | -59.82% | -188.19% |
| Cash From Investing Activities | -$7.940M | -$15.11M |
| YoY Change | -53.76% | -243.64% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 21.00M | $862.0K |
| YoY Change | -3244.16% | -97.01% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.792M | -$3.810M |
| Cash From Investing Activities | -7.940M | -$15.11M |
| Cash From Financing Activities | 21.00M | $862.0K |
| Net Change In Cash | 11.27M | -$18.06M |
| YoY Change | -166.83% | -179.25% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.792M | -$3.810M |
| Capital Expenditures | $3.279M | $3.297M |
| Free Cash Flow | -$5.071M | -$7.107M |
| YoY Change | 10.36% | -63.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
24236000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
18397000 | usd |
| CY2024Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
18816000 | usd |
| CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
18949000 | usd |
| CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
456000 | usd |
| CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
216000 | usd |
| CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
11184000 | usd |
| CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
9655000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13253000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-16901000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-254000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
1531000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
529000 | usd |
| CY2024Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
400000 | usd |
| CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
435000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
2634000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
1853000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-943000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-15740000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17202000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
70000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
113000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15810000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17315000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-15810000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-17315000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
93159000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3488000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1294000 | usd |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
419000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15810000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
81713000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
121874000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3214000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
11129000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17315000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
118905000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15810000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17315000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11184000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9655000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
191000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
446000 | usd |
| CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
100000 | usd |
| CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3363000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3012000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2121000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
113000 | usd |
| CY2024Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-254000 | usd |
| CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1531000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
267000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
156000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
529000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
22000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1388000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5947000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
3328000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
591000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
195000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-462000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-344000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
8000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2354000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2966000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
447000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
1732000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1239000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-2951000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-9000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-6000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3810000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-16602000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
3297000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
2874000 | usd |
| CY2024Q1 | bksy |
Satellite Procurement Work In Process
SatelliteProcurementWorkInProcess
|
11347000 | usd |
| CY2023Q1 | bksy |
Satellite Procurement Work In Process
SatelliteProcurementWorkInProcess
|
12926000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
9464000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
11792000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
38110000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15108000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
10518000 | usd |
| CY2024Q1 | bksy |
Proceeds From Private Placement Net Of Equity Issuance Costs
ProceedsFromPrivatePlacementNetOfEquityIssuanceCosts
|
1298000 | usd |
| CY2023Q1 | bksy |
Proceeds From Private Placement Net Of Equity Issuance Costs
ProceedsFromPrivatePlacementNetOfEquityIssuanceCosts
|
29432000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3000 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
419000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd |
| CY2024Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
18000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | usd |
| CY2024Q1 | bksy |
Payments For Deferred Offering Costs
PaymentsForDeferredOfferingCosts
|
0 | usd |
| CY2023Q1 | bksy |
Payments For Deferred Offering Costs
PaymentsForDeferredOfferingCosts
|
-552000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Derivative Issuance Costs
PaymentsOfDerivativeIssuanceCosts
|
0 | usd |
| CY2023Q1 | us-gaap |
Payments Of Derivative Issuance Costs
PaymentsOfDerivativeIssuanceCosts
|
16000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
862000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28867000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-18056000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22783000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33434000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37016000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15378000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59799000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14965000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
56964000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
413000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
2835000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15378000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59799000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
| CY2024Q1 | bksy |
Vendor Financed Satellite Procurement Costs
VendorFinancedSatelliteProcurementCosts
|
1500000 | usd |
| CY2023Q1 | bksy |
Vendor Financed Satellite Procurement Costs
VendorFinancedSatelliteProcurementCosts
|
0 | usd |
| CY2024Q1 | bksy |
Credits From Leo Stella Applied To Satellite Procurement Costs
CreditsFromLeoStellaAppliedToSatelliteProcurementCosts
|
966000 | usd |
| CY2023Q1 | bksy |
Credits From Leo Stella Applied To Satellite Procurement Costs
CreditsFromLeoStellaAppliedToSatelliteProcurementCosts
|
0 | usd |
| CY2024Q1 | bksy |
Leasehold Improvements Funded By Tenant Improvement Allowance
LeaseholdImprovementsFundedByTenantImprovementAllowance
|
586000 | usd |
| CY2023Q1 | bksy |
Leasehold Improvements Funded By Tenant Improvement Allowance
LeaseholdImprovementsFundedByTenantImprovementAllowance
|
0 | usd |
| CY2024Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
267000 | usd |
| CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
156000 | usd |
| CY2024Q1 | bksy |
Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
|
125000 | usd |
| CY2023Q1 | bksy |
Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
|
202000 | usd |
| CY2024Q1 | bksy |
Deferred Financing Costs Accrued But Not Yet Paid
DeferredFinancingCostsAccruedButNotYetPaid
|
97000 | usd |
| CY2023Q1 | bksy |
Deferred Financing Costs Accrued But Not Yet Paid
DeferredFinancingCostsAccruedButNotYetPaid
|
0 | usd |
| CY2024Q1 | bksy |
Equity Costs Accrued But Not Paid
EquityCostsAccruedButNotPaid
|
17000 | usd |
| CY2023Q1 | bksy |
Equity Costs Accrued But Not Paid
EquityCostsAccruedButNotPaid
|
588000 | usd |
| CY2024Q1 | bksy |
Transaction Costs Related To Derivative Liabilities Accrued But Not Paid
TransactionCostsRelatedToDerivativeLiabilitiesAccruedButNotPaid
|
0 | usd |
| CY2023Q1 | bksy |
Transaction Costs Related To Derivative Liabilities Accrued But Not Paid
TransactionCostsRelatedToDerivativeLiabilitiesAccruedButNotPaid
|
888000 | usd |
| CY2024Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
| CY2023Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
220000 | usd |
| CY2024Q1 | bksy |
Settlement Costs
SettlementCosts
|
0 | usd |
| CY2023Q1 | bksy |
Settlement Costs
SettlementCosts
|
36000 | usd |
| CY2024Q1 | bksy |
Deferred Offering Costs Accrued But Not Paid
DeferredOfferingCostsAccruedButNotPaid
|
0 | usd |
| CY2023Q1 | bksy |
Deferred Offering Costs Accrued But Not Paid
DeferredOfferingCostsAccruedButNotPaid
|
31000 | usd |
| CY2024Q1 | bksy |
Proceeds From Sale Of Property And Equipment Accrued But Not Received
ProceedsFromSaleOfPropertyAndEquipmentAccruedButNotReceived
|
0 | usd |
| CY2023Q1 | bksy |
Proceeds From Sale Of Property And Equipment Accrued But Not Received
ProceedsFromSaleOfPropertyAndEquipmentAccruedButNotReceived
|
24000 | usd |
| CY2024Q1 | bksy |
Number Of Subsidiaries
NumberOfSubsidiaries
|
2 | satellite |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1400000 | usd |
| CY2024Q1 | bksy |
Private Placement Transaction Costs
PrivatePlacementTransactionCosts
|
79000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
24236000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
18397000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
24236000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
18397000 | usd |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">contingencies at the reporting date, and the reported amounts of revenue and expenses during the reporting period. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Actual results could materially differ from these estimates. Significant estimates made by the Company include, but are not limited to, revenue and associated cost recognition, the collectability of accounts receivable, the recoverability and useful lives of property and equipment, the valuation of equity warrants and warrant liabilities, fair value estimates, the recoverability of goodwill and intangible assets, the provision for income taxes, the incremental borrowing rate to measure the operating lease right of use assets, and stock-based compensation.</span></div> | |
| CY2024Q1 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
20400000 | usd |
| CY2023Q4 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
19700000 | usd |
| CY2024Q1 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
20400000 | usd |
| CY2023Q4 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
19700000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | usd |
| CY2024Q1 | us-gaap |
Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
|
-0.00 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted Pro Forma Adjustment
EarningsPerShareDilutedProFormaAdjustment
|
-0.00 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted Pro Forma Adjustment
EarningsPerShareDilutedProFormaAdjustment
|
-0.00 | |
| CY2023Q1 | us-gaap |
Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
|
-0.00 | |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
24236000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
18397000 | usd |
| CY2024Q1 | bksy |
Revenue Remaining Performance Obligation Amount1
RevenueRemainingPerformanceObligationAmount1
|
244800000 | usd |
| CY2024Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
24134000 | usd |
| CY2023Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
15213000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
24134000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
15213000 | usd |
| CY2024Q1 | bksy |
Unbilled Revenue Long Term
UnbilledRevenueLongTerm
|
2607000 | usd |
| CY2023Q4 | bksy |
Unbilled Revenue Long Term
UnbilledRevenueLongTerm
|
8150000 | usd |
| CY2024Q1 | bksy |
Other Contract With Customer Asset After Allowance For Credit Loss Noncurrent
OtherContractWithCustomerAssetAfterAllowanceForCreditLossNoncurrent
|
560000 | usd |
| CY2023Q4 | bksy |
Other Contract With Customer Asset After Allowance For Credit Loss Noncurrent
OtherContractWithCustomerAssetAfterAllowanceForCreditLossNoncurrent
|
610000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
3167000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
8760000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Liability Current1
ContractWithCustomerLiabilityCurrent1
|
2157000 | usd |
| CY2023Q4 | bksy |
Contract With Customer Liability Current1
ContractWithCustomerLiabilityCurrent1
|
3670000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Liability Noncurrent1
ContractWithCustomerLiabilityNoncurrent1
|
443000 | usd |
| CY2023Q4 | bksy |
Contract With Customer Liability Noncurrent1
ContractWithCustomerLiabilityNoncurrent1
|
169000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
23973000 | usd |
| CY2023Q4 | bksy |
Contract With Customer Liability1
ContractWithCustomerLiability1
|
3839000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
-3356000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
2897000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Asset Changes In Contract Assets Net
ContractWithCustomerAssetChangesInContractAssetsNet
|
6930000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Liability Revenue Recognized1
ContractWithCustomerLiabilityRevenueRecognized1
|
-1319000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
|
196000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
|
65000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Asset Changes Of Contract Costs
ContractWithCustomerAssetChangesOfContractCosts
|
50000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Liability Changes Of Contract Liabilities
ContractWithCustomerLiabilityChangesOfContractLiabilities
|
274000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
27301000 | usd |
| CY2024Q1 | bksy |
Contract With Customer Liability1
ContractWithCustomerLiability1
|
2600000 | usd |
| CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
152136000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
157230000 | usd |
| CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
92253000 | usd |
| CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
90114000 | usd |
| CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
59883000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
67116000 | usd |
| CY2024Q1 | bksy |
Long Term Debt Gross Current
LongTermDebtGrossCurrent
|
375000 | usd |
| CY2023Q4 | bksy |
Long Term Debt Gross Current
LongTermDebtGrossCurrent
|
0 | usd |
| CY2024Q1 | bksy |
Long Term Debt Gross Noncurrent
LongTermDebtGrossNoncurrent
|
85703000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
86078000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
84578000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1079000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1076000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
84999000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
83502000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
86078000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
84578000 | usd |
| CY2023Q4 | bksy |
Satellite Procurement Vendor Financing Amount
SatelliteProcurementVendorFinancingAmount
|
27000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
91000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
78700000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
905000 | usd |
| CY2024Q1 | bksy |
Other Income Expense
OtherIncomeExpense
|
-1000 | usd |
| CY2023Q1 | bksy |
Other Income Expense
OtherIncomeExpense
|
38000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-943000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15810000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17315000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
143228000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
143228000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124144000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124144000 | shares |
| CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3363000 | usd |
| CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3012000 | usd |
| CY2024Q1 | bksy |
Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
|
100000 | usd |
| CY2023Q1 | bksy |
Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
|
200000 | usd |
| CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
1700000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3700000 | usd |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
