Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 18

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 2
Chunk 18
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 as well as the risks included in Part I, Item 1A. Risk Factors included in our 2024 Annual Report, could have an adverse impact on our business and financial prospects and cause us to seek additional financing to fund future operations.

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Cash Flows Summary 

The following table summarizes our cash flow information for the six months ended June 30, 2025 and 2024. 

Six Months Ended June 30,(in thousands of U.S. dollars)20252024Net cash flows:Net cash flows used in operating activities$(9,064)$(23,891)Net cash flows used in investing activities(2,689)(3,320)Net cash flows provided by financing activities21,430 27,361 Net change in cash, cash equivalents and restricted cash$9,677 $150 

Cash Flows Used in Operating Activities 

The cash flows used in operating activities to date have been primarily comprised of costs and expenses related to development of our products, payroll, fluctuations in accounts payable and other current assets and liabilities. As we continue to expand our commercial operations, we anticipate our cash used in operating activities will remain elevated until we begin to generate material cash flows from the business. 

Cash flows used in operating activities are as follows: 

(in thousands of US dollars) Six Months Ended June 30,20252024Net loss$(39,233)$(33,279)Adjustments for the impact of non-cash items (1)27,209 12,813 Net loss adjusted for the impact of non-cash items(12,024)(20,466)Changes in assets and liabilitiesAccounts receivable(2)1,534 (992)Prepaid expenses and other current assets(3)1,251 (2,362)Accounts payable(4)(536)2,683 Other(5)711 (2,754)Net cash used in operating activities$(9,064)$(23,891)

(1)Includes items such as depreciation, changes in the fair value of financial instruments, interest expense, income tax, stock-based compensation expense, expense for estimated credit losses on accounts receivable, changes in foreign currency and others. 

(2)The change is primarily due to timing of payments and improved collection of our accounts receivable. 

(3)The change is primarily due to lower prepaid insurance costs.

(4)The change is primarily due to the timing of payments. 

(5)The change is primarily due to timing