Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 52

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 52
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,032)Net loss— — — — (32,581)(32,581)Issuance of Common Stock under ATM Program275,587 1,128 — — — 1,128 Other comprehensive loss—— — 257 — 257 Exercise of stock options and RSUs vested1,175,349 916 — — — 916 Payments for withholding taxes related to the net share settlement of equity awards—(375)— — — (375)Stock-based compensation— 595 — — — 595 Balance as of March 31, 202597,466,256 358,511 (8,603)(314)$— (432,686)(83,092)

The accompanying notes are an integral part of the Consolidated Financial Statements.

(1) Accumulated other Comprehensive loss consists of cumulative translation adjustments resulting from translating non-U.S. dollar denominated functional currency entities.

8

SATELLOGIC INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED) 

Three Months Ended March 31,(in thousands of U.S. dollars)20252024Cash flows from operating activities:Net loss$(32,581)$(15,178)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation expense2,687 2,845 Operating lease expense421 538 Stock-based compensation595 1,446 Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes20,691 752 Foreign exchange differences(188)(643)Loss on disposal of property and equipment28 78 Expense for estimated credit losses on accounts receivable, net of recoveries— 16 Non-cash change in contract liabilities(46)(501)Other, net— 56 Changes in operating assets and liabilities:Accounts receivable(21)(932)Prepaid expenses and other current assets830 (377)Accounts payable569 1,764 Contract liabilities438 (25)Accrued expenses and other liabilities2,024 601 Operating lease liabilities(169)(555)Net cash used in operating activities(4,722)(10,115)Cash flows from investing activities:Purchases of property and equipment(1,913)(1,942)Net cash used in investing activities(1,913)(1,942)Cash flows from financing activities: