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]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ FORM 10-Q __________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41247 __________________________ Satel ...

Distinguished Industry Sales Executive, with Over $2 Billion in Career Sales, Joins Satellogic to Accelerate Expansion and Market Leadership Jeff Kerridge Jeff Kerridge, Senior Vice President of Global Sales at Satellogic. NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Satellogic, Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (EO) data collection, today announced the appointment of Jeff Kerridge as Senior Vice President of Global Sales. A seasoned executive with more than 35 years ...

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated its grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 after reporting preliminary third-quarter revenue results below estimates and announcing a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% jump on Wednesday due to Novo Nordisk acquiring its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain on Wednesday [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 amid concerns over leadership commitment after the CEO sold all shares following an options exercise [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated a grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 due to preliminary third-quarter revenue results falling below estimates and a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% increase the previous day following Novo Nordisk's acquisition of its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain the previous day [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 following CEO Subodh K. Kulkarni's sale of 1,000,000 shares, raising concerns about leadership commitment [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]

Core Viewpoint - Satellogic Inc. has announced a public offering of 27,692,308 shares of Class A common stock at a price of $3.25 per share, aiming to raise approximately $90 million in gross proceeds before expenses [1][2] Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 4,153,846 shares on the same terms [1] - The expected closing date for the offering is around October 17, 2025, pending customary closing conditions [1] - The net proceeds from the offering will be used for general corporate purposes [2] Group 2: Underwriters and Management - Cantor and Titan Partners Group are serving as joint bookrunning managers for the offering, with Craig-Hallum and Northland Capital Markets as co-managers [2] Group 3: Company Background - Founded in 2010, Satellogic is a vertically integrated geospatial company focused on providing high-resolution Earth Observation data [5] - The company's mission is to democratize access to geospatial data to address global challenges such as climate change, energy supply, and food security [6] - Satellogic has a proven track record in satellite deployment and delivering high-quality data at competitive prices [7]

Core Viewpoint - Satellogic Inc. plans to offer and sell shares of its Class A common stock in an underwritten public offering, with a potential 30-day option for underwriters to purchase additional shares up to 15% of the offering total [1][2] Group 1: Offering Details - The offering is subject to market conditions, and there is no assurance regarding the completion, size, or terms of the offering [1] - The shares are being offered under a "shelf" registration statement previously filed with the SEC, with a preliminary prospectus supplement filed on October 15, 2025 [3] - The net proceeds from the offering are anticipated to be used for general corporate purposes [2] Group 2: Company Background - Founded in 2010, Satellogic is a vertically integrated geospatial company focused on providing high-resolution Earth Observation data [5] - The company's mission is to democratize access to geospatial data to address global challenges such as climate change, energy supply, and food security [6] - Satellogic has a proven track record in satellite deployment and delivering high-resolution data at competitive price points [7]

Core Insights - Satellogic is launching its NextGen satellite platform to meet the increasing global demand for AI-driven Earth Observation systems, featuring 30 cm-class resolution and real-time AI processing onboard [1][2][3] Group 1: Product Features and Capabilities - NextGen is designed with a non-ITAR framework, providing 30 cm-class resolution across all visible and multispectral bands, enabling near real-time analytics directly on orbit [2][4] - The platform allows for immediate detection of changes on the ground, facilitating timely responses to emerging threats or opportunities [2][3] - The first satellite of the NextGen series is expected to be operational by 2027, with existing agreements for delivery already in place [2] Group 2: Strategic Importance and Market Position - The CEO of Satellogic emphasized that as space becomes integral to global infrastructure, autonomous space programs are essential, positioning NextGen as a critical tool for national sovereignty [3] - NextGen will enhance Satellogic's vertically integrated constellation, supported by the Aleph platform for tasking, access, and delivery of high-resolution imagery and AI-generated insights [3][4] - The company aims to democratize access to geospatial data, addressing global challenges such as climate change, energy supply, and food security [7] Group 3: Commitment to Global Collaboration - The non-ITAR design of NextGen promotes international collaboration and regional production, allowing for customized integration with national space programs [4] - Satellogic is committed to enabling partners to build and operate sovereign constellations, providing independent control over observation capabilities [5]

Core Insights - Satellogic Inc. has entered a strategic multi-year partnership with Suhora, granting exclusive rights to provide its high-resolution Earth Observation data in India and Nepal, marking a significant expansion in market access [1][4] - The partnership aims to deliver high-frequency, high-resolution geospatial data, enabling government and commercial users to tackle pressing challenges with timely insights [2][3] Group 1: Partnership Details - The agreement is described as a seven-figure deal, emphasizing the financial commitment and strategic importance of the collaboration [1] - Suhora will utilize its local expertise to tailor the capabilities of Satellogic's satellite data to meet the specific needs of the Indian market [3] Group 2: Applications and Impact - The partnership is expected to enhance urban and infrastructure development, natural resource management, disaster response, and climate change mitigation in India [3] - The collaboration will democratize access to critical geospatial insights, providing cost-effective and high-capacity data to address national challenges [4] Group 3: Company Background - Satellogic, founded in 2010, is a vertically integrated geospatial company focused on providing accessible and affordable Earth Observation solutions [5] - The company aims to address global challenges such as climate change, energy supply, and food security through its high-resolution imaging technology [5] Group 4: Suhora Overview - Suhora Technologies, established in 2018, specializes in dual-use space-based Intelligence, Surveillance, and Reconnaissance solutions, integrating satellite imagery with AI-driven analytics [6] - The company supports defense forces, disaster agencies, and commercial sectors by transforming Earth Observation data into actionable intelligence [6]

Core Insights - Satellogic Inc. reported a 27% increase in revenue to $4.4 million for Q2 2025, alongside a 41% decrease in operating costs and expenses [1][5][4] - The company secured a $30 million contract for an AI-first satellite constellation and is leading Malaysia's Earth Observation Satellite Project [3][1] Financial Performance - Revenue for Q2 2025 increased by $0.9 million, or 27%, compared to Q2 2024, driven by higher imagery orders and Space Systems revenue [5][4] - Cost of sales decreased by $0.1 million, or 5%, to $1.2 million, with a cost of sales percentage of 27% in Q2 2025 compared to 36% in Q2 2024 [5][4] - Selling, General and Administrative expenses fell by $4.2 million, or 44%, to $5.4 million in Q2 2025 [5][4] - Engineering expenses decreased by $2.0 million, or 46%, to $2.3 million for Q2 2025 [10][4] - Net loss for Q2 2025 decreased by $11.4 million to $6.7 million compared to Q2 2024 [10][4] Cash Flow and Liquidity - Cash on hand at the end of Q2 2025 was $32.6 million, up from $22.5 million at the end of 2024, providing ample liquidity for operations [4][10] - Net cash used in operating activities was $4.3 million for Q2 2025, significantly down from $13.8 million in Q2 2024 [10][4] Strategic Developments - The company is focused on delivering unique, sovereign solutions and technology transfer capabilities to its customers [3][1] - Satellogic aims to democratize access to geospatial data, addressing global challenges such as climate change and food security [13][12]