Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 114

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 114
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 financial reporting purposes at the reporting date.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted. The OBBBA makes significant tax law changes and modifications, 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 continues to assess the potential impacts on its consolidated financial position, results of operations and cash flows.

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Results of Operations 

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

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

(in thousands of US dollars)Three Months Ended September 30,2025 vs 202420252024$ Change % ChangeRevenue$3,633 $2,817 $816 29 %Costs and expensesCost of sales, exclusive of depreciation shown separately below1,171 1,228 (57)(5)%Selling, general and administrative6,413 6,660 (247)(4)%Engineering2,629 2,848 (219)(8)%Depreciation expense1,502 3,577 (2,075)(58)%Total costs and expenses11,715 14,313 (2,598)(18)%Operating loss(8,082)(11,496)3,414 (30)%Other income (expense), netInterest income, net272 271 1 — %Change in fair value of financial instruments11,882 63 11,819 18760 %Other income (expense), net14 (647)661 (102)%Total other income (expense), net12,168 (313)12,481 (3988)%Income (loss) before income tax4,086 (11,809)15,895 (135)%Income tax expense(119)(281)162 (58)%Net income (loss)$3,967 $(12,090)$16,057 (133)%

Revenue

During the three months ended September 30, 2025, revenue increased $0.8 million, or 29% to $3.6