Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 41

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 41
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,004 $2,804 Short-term lease costs112 37 Variable lease costs145 160 Total operating lease costs$2,261 $3,001 Cash paid for amounts included in the measurement of operating lease liabilities were as follows for the years ended December 31, 2024 and 2023.Year Ended December 31,20242023Operating cash flows - operating lease payments$(2,702)$(2,368)The amounts of future undiscounted cash flows related to the lease payments over the lease term and the reconciliation to the present value of the operating lease liabilities at December 31, 2024 is as follows:Operating leasesYears Ended2025$413 2026183 2027179 202890 2029111 thereafter— Total remaining lease payments976 Less imputed interest(97)Present value of lease liability$879 Total current$363 Total non-current$516 The weighted-average remaining years for the operating leases are 4.6 years and 4.5 years as of December 31, 2024 and 2023, respectively. The weighted-average discount rate for operating leases is 3.6% and 4.9% as of December 31, 2024 and 2023, respectively. For the years ended December 31, 2024 and 2023, the Company obtained $0.2 million and $3.1 million, respectively of right-of-use assets for new operating lease obligations. 

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Table of ContentsSATELLOGIC INC. Notes to Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

On November 29, 2024, the Company entered into a settlement agreement for its Netherlands Lease. The Company paid $0.3 million in termination fees in connection with the settlement agreement. As a result of the termination of the Netherlands Lease, the related right-of-use asset was written off, the lease liability was derecognized. In total, the Company recognized a gain on the termination of the Netherlands Lease of $0.4 million during the year ended December 31, 2024. The loss is included in engineering expenses on our condensed consolidated statement of operations and comprehensive loss.The Company had an operating lease ROU asset of approximately $0.7 million related to the Netherlands Lease recorded in its condensed consolidated balance sheets as of December 31, 2024. The