BlackSky Technology Inc (NYSE:BKSY) shares are sliding on Thursday after the company delivered a first‑quarter report that came in well below expectations. Here’s what you should know.

BlackSky Technology shares are retreating from recent levels. What’s pressuring BKSY stock?

What's Driving The Decline

BlackSky posted a loss of 82 cents per share, more than double the 40 cent loss analysts were expecting and worse than the 42 cents loss reported a year ago. Revenue also disappointed, coming in at $20.77 million versus the $28.07 million consensus estimate, marking a decline of nearly 30% from the same quarter last year.

The market is reacting to the size of the miss. Even though last year's first quarter benefited from a one‑time $9 million milestone tied to a mission solutions contract, investors are still focused ...