Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 16

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 16
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 ended March 31, 2025. We recognized $1.5 million of revenue from this customer during the three months ended March 31, 2024. Disaggregation of revenueInformation about our revenue by business line is as follows:Three Months Ended March 31,20252024Revenue by business lineAsset Monitoring$2,594 $2,184 Constellation as a Service ("CaaS")412 412 Space Systems381 732 Total revenue$3,387 $3,328 Information about our revenue by timing is as follows:Three Months Ended March 31,20242023Revenue by timingOver time$1,602 $1,144 Point-in time1,785 2,184 Total revenue$3,387 $3,328 

19

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 March 31,20252024Revenue by geography (1)North America$2,574 $1,635 Europe454 512 Asia Pacific352 1,180 South America7 1 Total revenue$3,387 $3,328 (1) Revenue by geography is based on the geographical location of the customer.Contract Liabilities and Remaining Performance ObligationsOur contract liabilities consist of payments received from customers, or such consideration contractually due, in advance of providing the relevant satellite imagery or related service. Amounts included in Contract liabilities are as follows:March 31,December 31,20252024Current$6,308 $5,871 Non-current— — Total$6,308 $5,871 During the three months ended March 31, 2025, we recognized revenue of $1.4 million that was included as a contract liability as of December 31, 2024. During the three months ended March 31, 2024, we recognized revenue of $2.0 million that was included as a contract liability as of December 31, 2023. The increase in contract liabilities in the three months ended March 31, 2025 was primarily due to collections from a new customer for performance obligations that will be satisfied during 2025. Total unused credits related to the non-cash agreement described above included in contract liabilities at