Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 49

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 49
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PART I - FINANCIAL INFORMATION

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ITEM 1.    FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

Condensed Consolidated Statements and Other Financial Information

Index to Condensed Consolidated Financial Statements

Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2025 and 2024 6Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 20247Condensed Consolidated Statements Stockholders' Equity (Deficit) for the three months ended March 31, 2025 and 20248Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 20249Notes to the Condensed Consolidated Financial Statements10

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Table of Contents

SATELLOGIC INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)

Three Months Ended March 31,(in thousands of U.S. dollars, except share and per share amounts) 20252024Revenue$3,387 $3,328 Costs and expensesCost of sales, exclusive of depreciation shown separately below1,237 1,305 Selling, general and administrative6,485 9,389 Engineering2,493 4,387 Depreciation expense2,687 2,845 Total costs and expenses12,902 17,926 Operating loss(9,515)(14,598)Other (expense) income, netInterest income, net177 204 Change in fair value of financial instruments(22,361)(752)Other (expense) income, net(167)1,401 Total other (expense) income, net(22,351)853 Loss before income tax(31,866)(13,745)Income tax expense(715)(1,433)Net loss available to stockholders$(32,581)$(15,178)Other comprehensive gain (loss)Foreign currency translation gain (loss), net of tax257 (137)Comprehensive loss$(32,324)$(15,315)Basic net loss per share for the period attributable to holders of Common Stock$(0.34)$(0.17)Basic weighted-average Common Stock outstanding 96,655,349 90,331,496 Diluted net loss per share for the period attributable to holders of Common Stock$(0.