BlackSky Technology Inc. (NYSE:BKSY) Q1 2024 Earnings Call Transcript

Christopher Quilty: Henry, with the $20 million bank line, is that all the borrowings you will need between here and free cash flow positive? Or might we need another slug looking out into next year as things [indiscernible]?

Henry Dubois: Thanks, Chris. As we said, we’re pretty excited about bringing that extra, that $20 million, I think, bringing in it as a commercial bank line. It’s had very good cost of capital, if you will, relative to other forms. So it gives us a fair bit of liquidity there. As I mentioned earlier in the call, that plus the vendor financing plus some of these other unbilled receivables that we will be collecting over the next couple of years, I think they fully fund us on our path towards our next stage of growth.

Christopher Quilty: And final question here. As you start to ramp up Gen-3 production, we’re 3 years out from COVID every single quarter, I still keep hearing supply chain challenges for a lot of the companies I work with. How do you feel about the supply chain? And are there any particular components or vendor that you’re concerned about as that production scales?

Brian O’Toole: We have — Chris, we have really good visibility into the supply chain. The advantage we have is we’re not building 1 or 2 satellites. We’re building a production line that has a cadence, as you mentioned, over the next several years. So we’re able to get out in front of this by ordering long lead components, critical path components well ahead of when we need the satellites, and that’s reflected in our overall plan.

Christopher Quilty: Congrats on the quarter.

Brian O’Toole: Thanks Chris.

Operator: And at this time there are no further questions. This will conclude BlackSky’s First Quarter 2024 Earnings Conference Call. Thank you for joining the call today. You may disconnect at this time.