Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 22

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 22
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PART I - FINANCIAL INFORMATION

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Table of Contents

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

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Table of Contents

SATELLOGIC INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,(in thousands of U.S. dollars, except share and per share amounts) 2025202420252024Revenue$4,440 $3,501 $7,827 $6,829 Costs and expensesCost of sales, exclusive of depreciation shown separately below1,189 1,249 2,426 2,554 Selling, general and administrative5,361 9,541 11,846 18,930 Engineering2,327 4,287 4,820 8,674 Depreciation expense1,848 3,101 4,535 5,946 Total costs and expenses10,725 18,178 23,627 36,104 Operating loss(6,285)(14,677)(15,800)(29,275)Other (expense) income, netInterest income, net285 307 462 511 Change in fair value of financial instruments(312)(4,272)(22,673)(5,024)Other (expense) income, net(380)896 (547)2,297 Total other (expense) income, net(407)(3,069)(22,758)(2,216)Loss before income tax(6,692)(17,746)(38,558)(31,491)Income tax benefit (expense)40 (355)(675)(1,788)