Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 60

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 60
---
, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act and the restoration of favorable tax treatment for certain business provisions, including allowing accelerated tax deductions for qualified property and equipment expenditures and the business interest expense limitation. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing the potential impacts on its consolidated financial position, results of operations and cash flows.

32

Results of Operations 

Comparison of Results for the three months ended June 30, 2025 and 2024 

The following table summarizes our results of operations for the three months ended June 30, 2025 and 2024.

(in thousands of US dollars)Three Months Ended June 30, 20252025 vs 202420252024$ Change % ChangeRevenue$4,440 $3,501 $939 27 %Costs and expensesCost of sales, exclusive of depreciation shown separately below1,189 1,249 (60)(5)%Selling, general and administrative5,361 9,541 (4,180)(44)%Engineering2,327 4,287 (1,960)(46)%Depreciation expense1,848 3,101 (1,253)(40)%Total costs and expenses10,725 18,178 (7,453)(41)%Operating loss(6,285)(14,677)8,392 (57)%Other (expense) income, netInterest income, net285 307 (22)(7)%Change in fair value of financial instruments(312)(4,272)3,960 (93)%Other (expense) income, net(380)896 (1,276)(142)%Total other (expense) income, net(407)(3,069)2,662 (87)%Loss before income tax(6,692)(17,746)11,054 (62)%Income tax benefit (expense)40 (355)395 (111)%Net loss$(6,652)$(18,101)$11,449 (63)%

Revenue

During the three months ended June 30, 2025, revenue increased $0.9 million, or 27% to $4.4 million from $3.5 million for the three months ended June 30, 2024, driven primarily by a $0.6 million increase in imagery ordered by