Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 97

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 97
---
 2024, we recognized revenue of $6.8 million, of which $1.7 million was recognized over time and $5.1 million was recognized at a point in time. In November 2021, the Company entered a 5-year noncancellable agreement with a technology company by which the customer receives $4.0 million in credits to purchase imagery each year. The Company recognizes revenue as images are delivered to the customer. The customer pays the Company in non-cash consideration in the form of a license to a proprietary software platform, which the Company uses in its internal operations. For the three months ended June 30, 2025 and 2024, we recognized $1.2 million and $1.4 million of revenue from this customer, respectively. For the six months ended June 30, 2025 and 2024, we recognized $2.2 million and $3.0 million of revenue from this customer, respectively.  Disaggregation of revenueInformation about our revenue by business line is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue by business lineAsset Monitoring$3,544 $2,964 $6,165 $5,148 Constellation as a Service ("CaaS")412 412 824 824 Space Systems484 125 838 857 Total revenue$4,440 $3,501 $7,827 $6,829 Information about our revenue by timing is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue by timingOver time$878 $536 $1,633 $1,680 Point-in time3,562 2,965 6,194 5,149 Total revenue$4,440 $3,501 $7,827 $6,829 

18

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 June 30,Six Months Ended June 30,2025202420252024Revenue by geography (1)North America$3,407 $2,544 $5,981 $4,179 Europe480 569