Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 0

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
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Table of Contents

ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

Consolidated Statements and Other Financial Information

Index to Consolidated Financial Statements

Report of Independent Registered Public Accounting Firm (Ernst & Young LLP: PCAOB ID No. 42)74Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2024 and 2023 75Consolidated Balance Sheets as of December 31, 2024 and 202376Consolidated Statements Stockholders' Equity (Deficit) for the years ended December 31, 2024 and 202377Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 202378Notes to the Consolidated Financial Statements79

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Table of Contents

Report of Independent Registered Public Accounting Firm 

To the Stockholders and the Board of Directors of Satellogic Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Satellogic Inc. (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations and comprehensive loss, stockholders' equity (deficit) and cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

The Company's Ability to Continue as a Going Concern

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in the Going Concern and Liquidity section in Note 1 to the financial statements, the Company has incurred significant operating losses, has an accumulated deficit, has insufficient liquidity to sustain operations and capital expenditures to reach larger scale revenue generation from their product offerings, and as such, has stated that substantial doubt exists about the Company’s ability to continue as a going concern. Management's evaluation of the events and conditions and management’s plans regarding these matters are also described in the Going Concern and Liquidity section in Note 1. The consolidated financial statements do not include any adjustments that might result from the