HawkEye 360's shares fell 8.7% in after-hours trading after the company reported a Q2 loss of $0.07 per share. The signals intelligence company posted revenue of $49.8 million, up 87% from the prior-year period. International revenue reached a record $21.0 million, up 134% year-over-year.
Q2 Results
The company reported adjusted EBITDA of $7.0 million, down from $7.8 million in the prior-year period. Operating cash flow reached $11.6 million, up from $4.6 million a year earlier.
Full-Year Outlook
HawkEye 360 expects revenue between $215.0 million and $220.0 million for the full year, exceeding the analyst consensus of $213.4 million. The company also projected adjusted EBITDA of $30.0 million to $36.0 million for the year. CEO John Serafini stated that the Q2 results reflect the company's continued growth as a premier defense technology company, driven by demand for its RF signals intelligence solutions.
