Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 50

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 50
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34)$(0.17)Diluted weighted-average Common Stock outstanding 96,655,349 90,331,496 

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

6

SATELLOGIC INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

March, 31December 31,(in thousands of U.S. dollars, except share and par value amounts)20252024ASSETSCurrent assetsCash and cash equivalents$17,716 $22,493 Restricted cash305 — Accounts receivable, net of allowance of $148 and $148, respectively1,799 1,464 Prepaid expenses and other current assets4,274 3,907 Total current assets24,094 27,864 Property and equipment, net25,802 27,228 Operating lease right-of-use assets6,538 877 Other non-current assets4,968 5,722 Total assets$61,402 $61,691 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITYCurrent liabilitiesAccounts payable$3,742 $3,754 Warrant liabilities14,902 11,511 Earnout liabilities1,992 1,501 Operating lease liabilities989 363 Contract liabilities6,308 5,871 Accrued expenses and other liabilities13,661 11,621 Total current liabilities41,594 34,621 Secured Convertible Notes at fair value96,590 79,070 Operating lease liabilities5,812 516 Other non-current liabilities498 516 Total liabilities144,494 114,723 Commitments and contingencies (Note 16)Stockholders' (deficit) equityPreferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024— — Class A Common Stock, $0.0001 par value, 385,000,000 shares authorized, 84,451,437 shares issued and 83,883,614 shares outstanding as of March 31, 2025 and 83,000,501 shares issued and 82,432,678 shares outstanding as of December 31, 2024— — Class B Common Stock, $0.0001