Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 93

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 93
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2024, we recognized revenue of $9.6 million, of which $2.1 million was recognized over time and $7.5 million was recognized at a point in time. In November 2021, the Company entered a 5-year noncancellable agreement with a technology company by which the customer receives $4.0 million in credits to purchase imagery each year. The Company recognizes revenue as images are delivered to the customer. The customer pays the Company in non-cash consideration in the form of a license to a proprietary software platform, which the Company uses in its internal operations. For the three months ended September 30, 2025 and 2024, we recognized $1.0 million and $1.4 million of revenue from this customer, respectively. For the nine months ended September 30, 2025 and 2024, we recognized $3.3 million and $4.3 million of revenue from this customer, respectively.  Disaggregation of revenueInformation about our revenue by business line is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue by business lineAsset Monitoring$2,742 $2,405 $8,907 $7,553 Constellation as a Service ("CaaS")412 412 1,236 1,236 Space Systems479 — 1,317 857 Total revenue$3,633 $2,817 $11,460 $9,646 Information about our revenue by timing is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue by timingOver time$879 $412 $2,512 $2,092 Point-in time2,754 2,405 8,948 7,554 Total revenue$3,633 $2,817 $11,460 $9,646 

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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) 

Information about our revenue by geography is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue by geography (1)North America$2,441 $1,975 $8,422 $6,154