Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 23

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 23
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PART I - FINANCIAL INFORMATION

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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 Income (Loss) for the three and nine months ended September 30, 2025 and 2024 6Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 20247Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the three and nine months ended September 30, 2025 and 20248Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 202410Notes to the Condensed Consolidated Financial Statements11

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SATELLOGIC INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

Three Months Ended September 30,Nine Months Ended September 30,(in thousands of U.S. dollars, except share and per share amounts) 2025202420252024Revenue$3,633 $2,817 $11,460 $9,646 Costs and expensesCost of sales, exclusive of depreciation shown separately below1,171 1,228 3,597 3,782 Selling, general and administrative6,413 6,660 18,259 25,590 Engineering2,629 2,848 7,449 11,522 Depreciation expense1,502 3,577 6,037 9,523 Total costs and expenses11,715 14,313 35,342 50,417 Operating loss(8,082)(11,496)(23,882)(40,771)Other income (expense), netInterest income, net272 271 734 782 Change in fair value of financial instruments11,882 63 (10,791)(4,961)Other income (expense), net14 (647)(533)1,650 Total other income (expense), net12,168 (313)(10,590)(2,529)Income (loss) before income tax4,086 (11,809)(34,472)(43,300)Income tax expense(119)(281)(794)(