Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 28

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 28
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 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) 

Nine Months Ended September 30,(in thousands of U.S. dollars)20252024Cash flows from operating activities:Net loss$(35,266)$(45,369)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation expense6,037 9,523 Debt issuance costs— 2,397 Operating lease expense1,234 1,605 Stock-based compensation2,824 1,765 Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes7,479 3,436 Foreign exchange differences(102)(2,566)Loss (gain) on disposal of property and equipment471 (398)Expense for estimated credit losses on accounts receivable, net of recoveries(60)64 Equity in net (income) loss of affiliate(21)1 Non-cash change in contract liabilities(262)(1,300)Other, net— 120 Changes in operating assets and liabilities:Accounts receivable(20)(304)Prepaid expenses and other current assets2,008 (2,080)Accounts payable(1,475)(4,574)Contract liabilities2,397 767 Accrued expenses and other liabilities(1,626)6,369 Operating lease liabilities(1,053)(1,711)Net cash used in operating activities(17,435)(32,255)Cash flows from investing activities:Purchases of property and equipment(4,027)(4,335)Other— 14 Net cash used in investing activities(4,027)(4,321)Cash flows from financing activities:Proceeds from Secured Convertible Notes— 30,000 Payments of debt issuance costs— (2,397)Payments for withholding taxes related to the net share settlement of equity awards(980)(398)Proceeds from issuance of Common Stock under ATM Program, net of transaction costs7,448 — Proceeds from Registered Direct Offering, net of transaction costs18,769 — Proceeds from exercise of stock options1,745 140 Net cash provided by financing activities26,982 27,345 Net increase (decrease) in cash, cash equivalents and restricted cash5