Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 68

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 68
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 these non-GAAP financial measures, and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with U.S. GAAP. Non-GAAP measures such as EBITDA, Adjusted EBITDA and Free Cash Flow are not intended to be a substitute for any U.S. GAAP financial measure. 

The following presents our non-GAAP financial measures, along with the most comparable GAAP metric: 

Three Months Ended June 30,Six Months Ended June 30,(in thousands of U.S. dollars)2025202420252024Net loss available to stockholders$(6,652)$(18,101)$(39,233)$(33,279)EBITDA (non-GAAP)(4,841)(14,643)(34,020)(25,534)Adjusted EBITDA (non-GAAP)(3,573)(10,029)(9,629)(19,152)Net cash used in operating activities(4,342)(13,776)(9,064)(23,891)Free Cash Flow (non-GAAP)(5,118)(15,168)(11,753)(27,225)

Non-GAAP Financial Measure Reconciliations 

The following table presents a reconciliation of Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA to our net loss for the periods indicated. 

Three Months Ended June 30,Six Months Ended June 30,(in thousands of U.S. dollars)2025202420252024Net loss available to stockholders$(6,652)$(18,101)$(39,233)$(33,279)Interest expense3 2 3 11 Income tax (benefit) expense(40)355 675 1,788 Depreciation expense1,848 3,101 4,535 5,946 Non-GAAP EBITDA$(4,841)$(14,643)$(34,020)$(25,534)Professional fees related to Secured Convertible Notes— 1,426 — 2,397 Change in fair value of financial instruments312 4,272 22,673 5,024 Other expense (income), net (1)380 (896)547 (2,297)Stock-based compensation576 (188)1,171 1,258 Non-GAAP Adjusted EBITDA$(3,573)$(10,029)$(9,629)$(19,