Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 92

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 92
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 of the asset group would be reduced to its fair value. That reduction is an impairment loss that would be recognized in the Consolidated Statements of Operations and Comprehensive Loss. Foreign CurrenciesAggregate foreign currency gains and losses, such as those resulting from the settlement of receivables or payables, foreign currency contracts and short-term intercompany advances in a currency other than the relevant subsidiary’s functional currency, are recorded currently in the Consolidated Statements of Operations and Comprehensive Loss (included in other 

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Table of ContentsSATELLOGIC INC. Notes to Condensed Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

(expense) income, net) and resulted in losses of $0.3 million and gains of $0.9 million during the three months ended June 30, 2025 and 2024 and losses of $0.5 million and gains of $2.2 million during the six months ended June 30, 2025 and 2024, respectively. LeasesFor the three months ended June 30, 2025 and 2024, lease expense was $0.4 million and $0.6 million, respectively and for the six months ended June 30, 2025 and 2024, lease expense was $0.8 million and $1.1 million, respectively. The decrease in lease expense was due primarily to the 2024 termination of a facility lease in the Netherlands. Lease obligations and right of use assets increased as of June 30, 2025 compared to December 31, 2024 due primarily to new ground station antenna leases in the six months ended June 30, 2025. Accounts Receivable and Allowance for Credit LossesAccounts are written off against the allowance for credit losses account when they are determined to be no longer collectible. The following table shows the activity in the allowance for credit losses for the six months ended June 30, 2025 and 2024:June 30,20252024Allowance for credit losses as of beginning of year$148 $126 Provision (8)47Write offs(11)— Recoveries collected(41)(59)Allowance for credit losses as of end of period$88 $114 Cash, Cash Equivalents and Restricted CashJune 30,December 31,20252024Cash and cash equivalents$32,569 $22,493 Restricted cash included in