Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 46

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 46
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 other current assetsPrepaid expenses$2,221 $2,892 Officina Stellare S.p.A. (“OS”) Warrants649 322 Advances to suppliers152 138 Other current assets709 555 Total$3,731 $3,907 Accrued Expenses and Other LiabilitiesJune 30,December 31,20252024Accrued expenses and other liabilitiesPayroll and benefits payable$2,960 $2,286 Advisory Fee cash payable7,500 7,500 Other taxes payable1,683 1,835 Other530 516 Total$12,673 $12,137 Total current$12,146 $11,621 Total non-current$527 $516 Interest Income, NetThree Months Ended June 30,Six Months Ended June 30,2025202420252024Interest income, netInterest expense (1)$(3)$(2)$(3)$(11)Other finance costs— (55)— (55)Interest income288 364 465 577 Total$285 $307 $462 $511 (1) Excludes interest on the Company’s Secured Convertible Notes, which is included in Change in Fair Value of Financial Instruments.

10. Income Tax

As of March 26, 2025, we are incorporated in the U.S. Our operations are conducted through various subsidiaries in a number of countries throughout the world with significant operations in Uruguay, where we operate in a free trade zone. Consequently, income tax has been provided based on the laws and tax rates in effect in the countries in which operations 

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Table of ContentsSATELLOGIC INC. Notes to Condensed Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

are conducted or in which our subsidiaries are considered resident for corporate income tax purposes, including Argentina, China, Israel, the Netherlands, Spain, Uruguay, and the United States. The calculation of our effective tax rate is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Total loss before income tax$(6,692)$(17,746)$(38,558)$(31,491)Income tax (benefit) expense$(40)$355 $675 $1,788 Effective tax provision rate0.6%(2.0%)(