Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 92

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 92
---
, partially offset by foreign currency income adjustments and interest income, net.Operations for the Company’s segment were as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue$3,633 $2,817 $11,460 $9,646 Cost of sales excluding depreciation(1,171)(1,228)(3,597)(3,782)Selling, general and administrative expenses(6,413)(6,660)(18,259)(25,590)Engineering(2,629)(2,848)(7,449)(11,522)Other segment items10,547 (4,171)(17,421)(14,121)Net income (loss)$3,967 $(12,090)$(35,266)$(45,369)Revenue by geographic area is as follows(a):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024U.S.$2,369 $1,726 $8,289 $5,713 Albania412 412 1,236 1,236 India4 — 27 856 All Other848 679 1,908 1,841 Total$3,633 $2,817 $11,460 $9,646 (a) Revenues are attributed to individual countries based on the location of the customer generating the revenue.

16

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) 

5. Revenue from Contracts with Customers

During the three months ended September 30, 2025, we recognized revenue of $3.6 million, of which $0.9 million was recognized over time and $2.7 million was recognized at a point in time. During the three months ended September 30, 2024, we recognized revenue of $2.8 million, of which $0.4 million was recognized over time and $2.4 million was recognized at a point in time.During the nine months ended September 30, 2025, we recognized revenue of $11.5 million, of which $2.5 million was recognized over time and $9.0 million was recognized at a point in time. During the nine months ended September 30,