Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 26

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 26
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)(6,652)Issuance of Class A Common Stock under Registered Direct Offering6,451,612 18,769 — — — 18,769 Issuance of Common Stock under ATM Program496,940 1,456 — — — 1,456 Other comprehensive loss— — — 749 — 749 Exercise of stock options and RSUs vested829,740 359 — — — 359 Payments for withholding taxes related to the net share settlement of equity awards— (278)— — — (278)Stock-based compensation— 576 — — — 576 Balance as of June 30, 2025105,244,548$379,393 $(8,603)$435 $(439,338)$(68,113)

The accompanying notes are an integral part of the Consolidated Financial Statements.

(1) Accumulated other Comprehensive loss consists of cumulative translation adjustments resulting from translating non-U.S. dollar denominated functional currency entities.

9

SATELLOGIC INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED) 

Six Months Ended June 30,(in thousands of U.S. dollars)20252024Cash flows from operating activities:Net loss$(39,233)$(33,279)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation expense4,535 5,946 Debt issuance costs— 2,397 Operating lease expense821 1,075 Stock-based compensation1,171 1,258 Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes21,003 5,024 Foreign exchange differences(191)(2,208)Loss on disposal of property and equipment168 136 Expense for estimated credit losses on accounts receivable, net of recoveries(49)47 Equity in net (income) loss of affiliate— (11)Non-cash change in contract liabilities(249)(951)Other, net— 100 Changes in operating assets and liabilities:Accounts receivable1,534 (992)Prepaid expenses and other current assets1,251 (2,362)Accounts payable(536)2,683 Contract liabilities746 52 Accrued expenses and other liabilities513 (1,652)Operating lease liabilities(548)(1