Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 98

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 98
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 934 1,081 Asia Pacific415 385 767 1,565 South America138 3 145 4 Total revenue$4,440 $3,501 $7,827 $6,829 (1) Revenue by geography is based on the geographical location of the customer.Contract Liabilities and Remaining Performance ObligationsOur contract liabilities consist of payments received from customers, or such consideration contractually due, in advance of providing the relevant satellite imagery or related service. Amounts included in Contract liabilities are as follows:June 30,December 31,20252024Current$6,471 $5,871 Total$6,471 $5,871 During the six months ended June 30, 2025, we recognized revenue of $3.0 million that was included as a contract liability as of December 31, 2024. During the six months ended June 30, 2024, we recognized revenue of $3.3 million that was included as a contract liability as of December 31, 2023. The increase in contract liabilities in the six months ended June 30, 2025 was primarily due to collections from a new customer for performance obligations that will be satisfied during 2025. Total unused credits related to the non-cash agreement described above included in contract liabilities at June 30, 2025, and December 31, 2024 were $1.2 million and $1.4 million, respectively. Unused credits expire one year after issuance. There were no credits that expired in the six months ended June 30, 2025 or 2024.A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The following table represents the total transaction price for the remaining performance obligations as of June 30, 2025 related to non-cancellable contracts longer than 12 months in duration that is expected to be recognized over future periods.Within 1 YearYears 1-2Years 2-3ThereafterRemaining performance obligations$8,478 $3,165 $7,000 $24,000 

6. Warrant Liabilities

Liberty Warrants and Liberty Advisory Fee WarrantPIPE Warrant$8.63 WarrantsTotal Warrant LiabilitiesAs of December 31, 2024$8,012 $471 $3,028 $11,511 Change