Satellogic Inc.
For the period ended Jun 30, 2025. Filed Aug 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 12, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. FINANCIAL STATEMENTS (UNAUDITED)
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA
Condensed Consolidated Statements and Other Financial Information
Index to Condensed Consolidated Financial Statements
| Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2025 and 2024 | 6 |
|---|---|
| Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 | 7 |
| Condensed Consolidated Statements Stockholders' Equity (Deficit) for the three and six months ended June 30, 2025 and 2024 | 8 |
| Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 | 10 |
| Notes to the Condensed Consolidated Financial Statements | 11 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands of U.S. dollars, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenue | $4,440 | $3,501 | $7,827 | $6,829 |
| Costs and expenses | ||||
| Cost of sales, exclusive of depreciation shown separately below | 1,189 | 1,249 | 2,426 | 2,554 |
| Selling, general and administrative | 5,361 | 9,541 | 11,846 | 18,930 |
| Engineering | 2,327 | 4,287 | 4,820 | 8,674 |
| Depreciation expense | 1,848 | 3,101 | 4,535 | 5,946 |
| Total costs and expenses | 10,725 | 18,178 | 23,627 | 36,104 |
| Operating loss | (6,285) | (14,677) | (15,800) | (29,275) |
| Other (expense) income, net | ||||
| Interest income, net | 285 | 307 | 462 | 511 |
| Change in fair value of financial instruments | (312) | (4,272) | (22,673) | (5,024) |
| Other (expense) income, net | (380) | 896 | (547) | 2,297 |
| Total other (expense) income, net | (407) | (3,069) | (22,758) | (2,216) |
| Loss before income tax | (6,692) | (17,746) | (38,558) | (31,491) |
| Income tax benefit (expense) | 40 | (355) | (675) | (1,788) |
| Net loss available to stockholders | $(6,652) | $(18,101) | $(39,233) | $(33,279) |
| Other comprehensive gain (loss) | ||||
| Foreign currency translation gain (loss), net of tax | 749 | (211) | 1,006 | (348) |
| Comprehensive loss | $(5,903) | $(18,312) | $(38,227) | $(33,627) |
| Basic net loss per share for the period attributable to holders of Common Stock | $(0.06) | $(0.20) | $(0.39) | $(0.37) |
| Basic weighted-average Common Stock outstanding | 103,206,882 | 90,678,183 | 99,949,214 | 90,504,845 |
| Diluted net loss per share for the period attributable to holders of Common Stock | $(0.06) | $(0.20) | $(0.39) | $(0.37) |
| Diluted weighted-average Common Stock outstanding | 103,206,882 | 90,678,183 | 99,949,214 | 90,504,845 |
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