Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 27

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 27
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,372 Total non-current$516 $526 Interest Income (Expense)), NetYear Ended December 31,20242023Interest income, netInterest expense (1)$(71)$(51)Other finance costs— (128)Interest income1,041 1,901 Total$970 $1,722 (1) Excludes interest on the Company’s Secured Convertible Notes, which is included in Change in Fair Value of Financial Instruments.

11. Income Tax 

As of December 31, 2024 and 2023, we were incorporated in the BVI. Our operations are conducted through various subsidiaries in a number of countries throughout the world with significant operations in Uruguay, where we operate in a free trade zone. Consequently, income tax has been provided based on the laws and tax rates in effect in the countries in which operations are conducted or in which our subsidiaries are considered resident for corporate income tax purposes, including Argentina, China, Israel, the Netherlands, Spain, Uruguay, and the United States. Our loss from continuing operations before income taxes as shown in the consolidated statements of operations and other comprehensive income consists of the following: Year Ended December 31,20242023Domestic$(22,276)$(9,098)Foreign(91,138)(42,838)Total loss before income tax$(113,414)$(51,936)

93

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

Our provision for income tax for the years ended December 31, 2024 and 2023 is as follows:Year Ended December 31,20242023CurrentDomestic$— $— Foreign2,858 9,082 Total current tax provision2,858 9,082 Deferred— Domestic— — Foreign— — Total deferred tax provision— — Income tax provision$2,858 $9,082 As of December 31, 2024, we have gross unrecognized tax benefits of $1.6 million, inclusive of interest and penalties of $0.9 million. If recognized, $1.6 million would reduce our effective tax rate. If applicable, we accrue interest and penalties related to uncertain tax positions as a component of the income tax provision.A reconciliation of the beginning and ending amounts of our gross unrecognized tax benefits is as follows: