Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 39

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 39
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aaS”) and the sale or licensing of satellites via the Company’s Space Systems product line. The Company evaluates its operations based on net (loss) income. Required segment disclosures that are equal to the Company’s consolidated totals and disclosed elsewhere in the Condensed Consolidated Financial Statements include: net (loss), total assets, total revenue, interest income, net, depreciation expense, equity in net income (loss) of affiliate accounted for by the equity method, and income tax expense. In addition to depreciation expense, other non-cash expenses include stock-based compensation disclosed on the statement of cash flows and a non-cash sales agreement described in Note 5 (Revenue from Contracts with Customers). Purchases of long lived assets include purchases of property and equipment disclosed in the condensed consolidated statement of cash flows and the acquisition of new operating lease right of use assets for the six months ended June 30, 2025 and 2024 of $6.5 million and $0, respectively. Total non-current assets also include an investment in equity method investee at June 30, 2025 and December 31, 2024 of $3.7 million and $3.7 million, respectively. Other segment items are primarily made up of the following items not considered to be significant expenses: depreciation expense, change in fair value of financial instruments, income tax expense, partially offset by foreign currency income adjustments and interest income, net.Operations for the Company’s segment were as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue$4,440 $3,501 $7,827 $6,829 Cost of sales excluding depreciation(1,189)(1,249)(2,426)(2,554)Selling, general and administrative expenses(5,361)(9,541)(11,846)(18,930)Engineering(2,327)(4,287)(4,820)(8,674)Other segment items(2,215)(6,525)(27,968)(9,950)Net loss$(6,652)$(18,101)$(39,233)$(33,279)Revenue by geographic area is as follows(a):Three Months Ended June 30,Six Months Ended June 30,2025202420252024U.S.$3,359 $2,411 $5,920 $3,987 Albania412 412 824 824 India10 124 23