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Satellogic Extends Country-Wide Monitoring Agreement with the Government of Albania, Enabling Persistent National Earth Intelligence
Globenewswire· 2026-01-29 13:30
Core Insights - Satellogic, Inc. has extended its agreement with the Government of Albania for continuous, high-frequency satellite monitoring using its NewSat constellation, marking a significant advancement in national-scale Earth observation [1][2] Group 1: Agreement Details - The contract extension is for 11 months and builds on a previous three-year agreement that provided dedicated satellite capacity and the naming of two satellites, Albania-1 and Albania-2 [2] - Under the new agreement, Albanian government agencies will receive high-resolution imagery (50 cm) covering the entire territory of Albania, facilitating persistent oversight and centralized intelligence [2][3] Group 2: Strategic Importance - This extension reflects Albania's commitment to proactive monitoring rather than reactive tasking, allowing for continuous detection of changes and anomalies across various use cases such as illegal construction and natural resource management [3] - The partnership emphasizes the need for continuous oversight by national governments, highlighting the operational necessity and economic viability of persistent monitoring [4] Group 3: Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [5] - The company's integrated approach allows for predictable satellite deployment and persistent coverage, enabling proactive decision-making for defense, intelligence, and civil government agencies [6]
Satellogic Announces Closing of $35 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-27 21:12
Core Viewpoint - Satellogic Inc. has successfully closed a registered direct offering of 7,399,578 shares of Class A Common Stock, raising approximately $35 million to strengthen its balance sheet and support ongoing commercial momentum [1][3]. Financing Details - The offering was conducted with a single institutional investment manager, with Titan Partners acting as the lead placement agent and Craig-Hallum as the co-placement agent [2]. - The net proceeds from the offering will be allocated towards growth initiatives, satellite infrastructure, working capital, and general corporate purposes [3]. Commercial Momentum - The financing follows significant commercial achievements, including an $18 million satellite sale to the Government of Portugal and a seven-figure monitoring agreement with a strategic customer [4]. - The company has also been involved in enhancing Australia's sovereign space capabilities, indicating a growing demand for its services [4]. Strategic Developments - The appointment of Jeffrey Kerridge as SVP Sales in Q4 2025 is part of the company's strategy to enhance its sales capabilities and reflects the increasing adoption of its services [5]. - CEO Emiliano Kargieman emphasized that the recent financing and commercial wins indicate a strong start to 2026, with expectations for accelerated growth and enhanced in-orbit capabilities [6]. Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [8]. - The company's integrated approach allows for predictable satellite deployment and persistent coverage, enabling proactive decision-making for various sectors [9].
Satellogic and HEO Establish Australia’s First Sovereign Sub-Meter Capability, Through Sale of NewSat-34™, a Legacy In-Orbit Satellite
Globenewswire· 2026-01-27 13:30
Sale of a legacy Mark IV-g satellite enables HEO to expand its specialised Non-Earth Imaging services while providing a dedicated on-orbit testbed that grants Australian interests priority access for remote sensing developmentSYDNEY, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Satellogic, Inc. (NASDAQ: SATL) and HEO today announced a landmark agreement that establishes a significant new pillar of Australian sovereign space capability. Through the full title acquisition of the in-orbit NewSat-34™ satellite, a legacy M ...
Satellogic Announces Pricing of $35 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-26 13:37
Core Viewpoint - Satellogic Inc. has announced a registered direct offering of 7,399,578 shares of Class A common stock at a price of $4.73 per share, aiming to raise approximately $35 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on January 27, 2026, pending customary closing conditions [1]. - Titan Partners is the lead placement agent, with Craig-Hallum acting as co-placement agent for the offering [2]. - The shares are being offered under a "shelf" registration statement previously filed with the SEC [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for Satellogic's growth initiatives, including investments in constellation and satellite infrastructure, working capital, and general corporate purposes [2]. Group 3: Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [5]. - The company offers flexible options for sovereign Earth observation, including high-frequency imagery and managed space systems [5][6]. - Satellogic's integrated approach allows for predictable satellite deployment timelines and supports continuous monitoring for various sectors, including defense and intelligence [6].
Satellogic: Low-Cost Earth Observation Trading At A Discount
Seeking Alpha· 2026-01-25 10:57
Company Overview - Satellogic (SATL) is an integrated satellite earth observation provider that designs and manufactures its own satellites, known as NewSat [1] - The company currently operates a constellation of 20 NewSats orbiting the Earth, providing satellite imaging services [1] Analyst Background - The article includes insights from a contributing writer at Seeking Alpha, who focuses on Long/Short investment ideas in North America and has a background in finance and economics [1] Investment Position - The analyst has disclosed a beneficial long position in the shares of SATL, indicating a personal investment interest in the company [2]
美股异动 | 股价延续涨势!Satellogic(SATL.US)盘前涨逾4%
Zhi Tong Cai Jing· 2026-01-13 14:15
(原标题:美股异动 | 股价延续涨势!Satellogic(SATL.US)盘前涨逾4%) 智通财经APP获悉,继周一股价大涨20%之后,周二,Satellogic(SATL.US)盘前再度涨逾4%,报3.77美 元。消息面上,1月12日,Satellogic宣布与葡萄牙CEiiA签署价值1800万美元的协议,交付两颗MarkV高 分辨率卫星,卫星采用85%以上欧洲组件并计划于2026年第二季度移交所有权。 ...
股价延续涨势!Satellogic(SATL.US)盘前涨逾4%
Zhi Tong Cai Jing· 2026-01-13 14:09
继周一股价大涨20%之后,周二,Satellogic(SATL.US)盘前再度涨逾4%,报3.77美元。消息面上,1月12 日,Satellogic宣布与葡萄牙CEiiA签署价值1800万美元的协议,交付两颗MarkV高分辨率卫星,卫星采 用85%以上欧洲组件并计划于2026年第二季度移交所有权。 ...
Satellogic Signs $18MM USD Agreement with Portugal to Deliver Two Mark V High-Resolution Satellites
Globenewswire· 2026-01-12 13:00
Core Insights - Satellogic has entered into an agreement with CEiiA to supply and deliver two NewSat Mark V 50cm-class imaging satellites, enhancing Portugal's and Europe's sovereign Earth observation capabilities [1][2][3] Group 1: Partnership and Capabilities - The agreement aims to provide assured access to high-resolution imagery for civil, environmental, and security missions, integrating into the Atlantic Constellation [2] - The satellites will be constructed with over 85% European-sourced components, reinforcing Europe's industrial base and supply-chain resilience [2] - The partnership includes a structured transfer of knowledge program to enhance national capacity building in Earth observation [4] Group 2: Delivery and Control - The operational control of the satellites will transfer to CEiiA in Q2 2026, ensuring sovereign tasking and decision-making authority [3] - Satellogic's vertically integrated production line and rapid launch cadence enable an accelerated delivery timeline [3] Group 3: Strategic Importance - The Atlantic Constellation will provide high-capacity Earth observation capabilities to support timely geospatial intelligence across sustainability, security, and defense domains [4] - The collaboration is seen as a significant step in national capacity building, addressing the needs of institutional, commercial, and defense markets [5] Group 4: Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems [6] - The company provides flexible options for governments in their journey toward sovereign Earth observation, including high-frequency imagery and managed space systems [6][7]
Satellogic Announces Seven-Figure Monitoring Agreement with Strategic Customer
Globenewswire· 2026-01-08 13:00
Core Insights - Satellogic Inc. has entered into a seven-figure agreement with a strategic customer to provide continuous, high-frequency Earth observation monitoring across a large portfolio of priority sites, reflecting the increasing demand for persistent data access rather than episodic data [1][5] Group 1: Agreement Details - The agreement allows Satellogic to deliver daily revisit, high-resolution coverage, enabling consistent observation over priority regions for extended periods [1] - The program is designed to ensure ongoing visibility and predictable data availability, which supports intelligence workflows and time-sensitive decision-making [2] Group 2: Operational Capabilities - Consistency of coverage is central to the agreement, supported by Satellogic's vertically integrated design, manufacturing, and operations model, which enables sustained high-frequency monitoring [3] - The strategic customer gains access to Earth observation capabilities that facilitate early identification of changes and improved responsiveness in various domains, including defense, civil monitoring, and commercial operations [4] Group 3: Company Background - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [5] - The company's integrated approach allows for predictable satellite deployment timelines and supports continuous monitoring across large portfolios [6]
Satellogic Reports Third Quarter Financial Results
Globenewswire· 2025-11-10 21:49
Core Insights - Satellogic Inc. reported a 29% increase in revenue to $3.6 million for the third quarter of 2025, alongside an 18% decrease in operating costs and expenses [1][6][5] - The company completed a $90 million public offering, significantly strengthening its balance sheet and extending its operating runway [3][5] - A strategic data distribution agreement with Suhora was announced, granting exclusive rights to provide Satellogic's data and services in India and Nepal [4][5] Financial Performance - Revenue for Q3 2025 increased by $0.8 million, or 29%, compared to Q3 2024, driven by growth in the Space Systems business and increased imagery orders [6][7] - The company reported a net income of $4.0 million for Q3 2025, an improvement of $16.1 million from a net loss of $12.1 million in Q3 2024 [9][19] - Non-GAAP Adjusted EBITDA loss improved by $2.5 million to $4.6 million for Q3 2025, compared to a loss of $7.1 million in Q3 2024 [9][19] Cost Management - Operating costs decreased by $2.6 million year-over-year, contributing to improved financial performance [9][19] - Cost of sales decreased by 5% to $1.2 million, with a significant reduction in cloud services costs [9][19] - Selling, General and Administrative expenses decreased by 4% to $6.4 million, primarily due to lower professional fees [9][19] Strategic Developments - The launch of the NextGen satellite platform was announced, featuring 30 cm resolution and AI-enabled analytics [4][5] - The addition of Jeff Kerridge as a distinguished industry sales executive aims to enhance worldwide sales strategy and customer growth initiatives [4][5] - The company continues to build commercial and operational momentum, with a focus on long-term value creation [5][4]