BlackSky reduces 2021 revenue forecast, citing customer component shortages that are slowing contract ramp-up

by Peter B. de Selding

PARIS — Geospatial imagery and data analytics provider BlackSky Technology Inc. reduced its expected 2021 revenue for the second time since February, citing component-supply constraints among some of its customers that have delayed revenue to BlackSky.

The company, which completed a SPAC-enabled stock-market introduction with Osprey Technology Acquisition Corp., grossing $283 million, said 2021 revenue would be $30-$34 million, down from the previous $40 million and from $46 million forecasted earlier this year. The company's cash balance as of Sept. 30 was $198 million.

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