HawkEye 360 (NYSE:HAWK – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06, Zacks reports. The business had revenue of $49.81 million during the quarter.
Here are the key takeaways from HawkEye 360’s conference call:
- Q2 revenue rose 87% year over year to $49.8 million, including 33% organic growth excluding the ISA acquisition. International revenue grew 134% organically to $21 million, while backlog increased to approximately $292 million.
- The IPO generated approximately $437.5 million in net proceeds; after repaying $49.5 million of borrowings, HawkEye 360 ended the quarter with $503 million in cash and an undrawn $125 million revolver, supporting satellite investments and potential M&A.
- Management highlighted expanding customer demand, particularly internationally and in the Middle East, alongside planned launches of Clusters 15 and 16 and development of lower-cost Block 3 and lower-latency Block 4 satellites. A military exercise demonstrated more than 50% lower data latency and track quality suitable for fire-control applications.
- Despite higher revenue, Q2 net loss was $15.3 million and adjusted EBITDA declined to $7.0 million from $7.8 million a year earlier as the company increased spending on space, processing, analytics, and public-company costs. Full-year guidance calls for $215 million-$220 million of revenue and $30 million-$36 million of adjusted EBITDA, with results dependent on converting the pipeline and managing international sales cycles.
- The legacy U.S. business declined $3.2 million because government shutdowns and continuing resolutions delayed contracts, while Cluster 15 experienced a schedule push into the second half of 2026. Management also flagged potential uncertainty around launch availability beyond 2028, although launches through 2028 are currently secured.
HawkEye 360 Trading Down 6.5%
HAWK traded down $1.59 on Friday, hitting $22.78. The company’s stock had a trading volume of 1,708,431 shares, compared to its average volume of 1,146,845. The stock’s 50 day simple moving average is $21.77. HawkEye 360 has a 12 month low of $17.02 and a 12 month high of $35.73. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.
Analyst Ratings Changes
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About HawkEye 360
HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.
HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.
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