Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 4

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 4
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—6,299Balance as of December 31, 202390,303,985344,144 (8,603)(33)(283,833)51,675 

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

SATELLOGIC INC. 

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Continued)Shares OutstandingCommon StockAdditional paid-in capitalTreasury stock Accumulated other comprehensive lossAccumulated deficitTotal stockholders' equity(deficit)Balance as of December 31, 202390,303,985344,144 (8,603)(33)(283,833)51,675 Net loss— — — — (116,272)(116,272)Issuance of Class A common stock upon PIPE Investment3,571,429 9,516 — — — 9,516 Other comprehensive loss—— — (538)— (538)Exercise of stock options and RSUs vested2,139,806 911 — — — 911 Withholding of stock units to satisfy tax withholding obligations upon the vesting of restricted stock units and exercise of stock options—(660)— — — (660)Exercise of $8.63 Warrants100 1 — — — 1 Stock-based compensation—2,335 — — — 2,335 Balance as of December 31, 202496,015,320 356,247 (8,603)(571)$— (400,105)(53,032)

77

SATELLOGIC INC. 

CONSOLIDATED STATEMENTS OF CASH FLOWS 

Year Ended December 31,(in thousands of U.S. dollars)20242023Cash flows from operating activities:Net loss$(116,272)$(61,018)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation expense12,655 17,256 Debt issuance costs2,397 — Operating lease expense1,515 2,751 Stock-based compensation2,335 6,299 Change in fair value of financial instruments60,071 (6,474)Foreign exchange differences(2,936)(10,933)Loss on disposal of property and equipment4,377 — Expense for estimated credit losses on accounts receivable, net of recoveries