09:50 AM EDT, 05/07/2026 (MT Newswires) -- BlackSky Technology (BKSY) shares dropped about 22% in early Thursday trading after the company posted a wider loss and lower revenue in Q1.

The company reported a Q1 net loss Thursday of $0.82 per diluted share, widening from a loss of $0.42 a year earlier.

Analysts surveyed by FactSet expected a loss of $0.39.

Revenue for the quarter ended March 31 was $20.8 million, compared with $29.5 million a year earlier.

Analysts surveyed by FactSet expected $27.6 million.

The company raised its 2026 revenue outlook to a range of $130 million to $150 million, from previous guidance of $120 million to $145 million. Analysts surveyed by FactSet expect $131.9 million.

Price: 31.80, Change: -8.71, Percent Change: -21.50