HawkEye 360 runs a satellite constellation that listens to radio signals, turning them into maps and alerts for spotting ships, illegal activity, or spectrum use. Think of it as a space-based radio detective for governments and telecoms.
Revenue comes from selling RF data analytics subscriptions and custom intelligence reports, with annual revenue at USD 0.12B and gross margins around 61.84%. The business is still unprofitable, with net margin at -5.38%, so it's early-stage recurring revenue.
The satellite constellation and proprietary RF processing algorithms create a hard-to-replicate asset, but competitors like Capella Space and Planet Labs could build similar capabilities. Moat is eroding as commercial space analytics becomes more crowded and f
Sell (sector percentile 2) — value D-, profitability B-, momentum F, revisions C-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Post-earnings drop amid valuation concerns; 10-Q due tomorrow
Company confirms Q2 earnings call on Aug 13, marking its first-ever such event.
Successfully geolocated a long-occupying transmitter on GOES uplink, demonstrating SIGINT capability with direct operational value
Multi-year contract with Indian Navy, part of previously announced $100M international awards, not incremental
Early announcement may signal more good news; backlog in focus
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