Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 96

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 96
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 of financial instruments, income tax expense, partially offset by foreign currency income adjustments and interest income, net.Operations for the Company’s segment were as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue$4,440 $3,501 $7,827 $6,829 Cost of sales excluding depreciation(1,189)(1,249)(2,426)(2,554)Selling, general and administrative expenses(5,361)(9,541)(11,846)(18,930)Engineering(2,327)(4,287)(4,820)(8,674)Other segment items(2,215)(6,525)(27,968)(9,950)Net loss$(6,652)$(18,101)$(39,233)$(33,279)Revenue by geographic area is as follows(a):Three Months Ended June 30,Six Months Ended June 30,2025202420252024U.S.$3,359 $2,411 $5,920 $3,987 Albania412 412 824 824 India10 124 23 856 All Other659 554 1,060 1,162 Total$4,440 $3,501 $7,827 $6,829 (a) Revenues are attributed to individual countries based on the location of the customer generating the revenue.

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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) 

5. Revenue from Contracts with Customers

During the three months ended June 30, 2025, we recognized revenue of $4.4 million, of which $0.9 million was recognized over time and $3.6 million was recognized at a point in time. During the three months ended June 30, 2024, we recognized revenue of $3.5 million, of which $0.5 million was recognized over time and $3.0 million was recognized at a point in time.During the six months ended June 30, 2025, we recognized revenue of $7.8 million, of which $1.6 million was recognized over time and $6.2 million was recognized at a point in time. During the six months ended June 30,