Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 22

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 22
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 to individual countries based on the location of the customer generating the revenue.

6. Revenue from Contracts with Customers

During the year ended December 31, 2024, we recognized revenue of $12.9 million, of which $3.1 million was recognized over time and $9.7 million was recognized at a point in time. During the year ended December 31, 2023, we recognized revenue of $10.1 million, of which $3.0 million was recognized over time and $7.1 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. We recognized $5.3 million of revenue 

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

from this customer during the year ended December 31, 2024. We recognized $2.8 million of revenue from this customer during the year ended December 31, 2023. Disaggregation of revenueInformation about our revenue by business line is as follows:Year Ended December 31,20242023Revenue by business lineAsset Monitoring$9,465 $4,505 Constellation as a Service ("CaaS")1,648 1,648 Space Systems1,757 3,921 Total revenue$12,870 $10,074 Information about our revenue by timing is as follows:Year Ended December 31,20242023Revenue by timingOver time$3,122 $2,985 Point-in time9,748 7,089 Total revenue$12,870 $10,074 Information about our revenue by geography is as follows:Year Ended December 31,20242023Revenue by geography (1)North America$7,904 $3,475 Europe2,631 2,113 Asia Pacific2,322 4,422 South America13 64 Total revenue$12,870 $10,074 (1)Revenue by geography is based