Satellogic (SATL)

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Satellogic (SATL) - 2022 Q2 - Quarterly Report
2022-12-23 18:50
Revenue and Financial Performance - Revenue for the six months ended June 30, 2022, was $2,388,000, compared to $1,706,000 for the same period in 2021, representing an increase of 40%[4] - The operating loss for the six months ended June 30, 2022, was $(49,487,000), compared to $(22,097,000) in 2021, reflecting a deterioration of 124%[4] - Net loss attributable to common stockholders for the six months ended June 30, 2022, was $(8,121,000), a decrease from $(31,478,000) in 2021, showing an improvement of 74%[4] - For the six months ended June 30, 2022, the net loss was $8,121 thousand, compared to a net loss of $31,478 thousand for the same period in 2021, indicating a significant improvement[14] - The Company reported a loss before income tax of $5.978 million for the six months ended June 30, 2022, compared to a loss of $31.258 million for the same period in 2021[113] - The effective tax rate for the six months ended June 30, 2022, was -35.9%, significantly higher than the previous year's rate of -0.5%[113] Costs and Expenses - Total costs and expenses for the six months ended June 30, 2022, were $51,875,000, up from $23,803,000 in 2021, indicating a significant increase of 117%[4] - Cash flows from operating activities resulted in a net cash used of $34,487 thousand for the six months ended June 30, 2022, compared to $11,478 thousand for the same period in 2021, reflecting increased operational expenditures[14] - The company incurred expenses related to the merger amounting to $10,937 thousand during the six months ended June 30, 2022[14] - The company recognized depreciation expense of $6,485 thousand for the six months ended June 30, 2022, compared to $5,060 thousand for the same period in 2021[14] - The total lease expense for the six months ended June 30, 2022, was $857,000, compared to $225,000 for the same period in 2021[164] Cash and Assets - Cash and cash equivalents as of June 30, 2022, were $123,648,000, a significant increase from $8,533,000 as of December 31, 2021[7] - Total assets as of June 30, 2022, were $183,227,000, compared to $49,918,000 as of December 31, 2021, indicating a growth of 267%[7] - The total cash, cash equivalents, and restricted cash at the end of the period was $124,300 thousand, up from $23,343 thousand at the end of the same period in 2021[14] - The total stockholders' equity as of June 30, 2022, was $132,000,000, compared to a deficit of $(260,738,000) as of December 31, 2021, marking a substantial recovery[7] Liabilities - Total liabilities decreased to $51,227,000 as of June 30, 2022, from $289,350,000 as of December 31, 2021, representing a reduction of 82%[7] - Accrued expenses and other liabilities decreased to $6.5 million as of June 30, 2022, from $26.0 million as of December 31, 2021[120] - The company had convertible notes from related parties amounting to $0 as of June 30, 2022, down from $13.028 million as of December 31, 2021[152] Stock and Equity - Basic loss per share attributable to common stockholders for the six months ended June 30, 2022, was $(0.13), compared to $(1.91) in 2021, indicating a significant improvement[4] - The Company repurchased 516,123 shares of its Class A common stock for $2.7 million during the six months ended June 30, 2022[131] - As of June 30, 2022, there were 75,411,506 shares of Class A common stock issued and outstanding[128] - The total warrant liabilities as of June 30, 2022, amounted to $20.29 million, including $3.96 million in Level 1 and $16.33 million in Level 3 liabilities[147] Contracts and Agreements - The company entered into a five-year agreement requiring a minimum purchase of $4.0 million annually, recognizing $0.5 million of revenue related to this contract for the six months ended June 30, 2022[88] - The company recognized $1.5 million of revenue from a modified agreement to deliver imagery over 12 years, with total cash consideration of $38.2 million[86] - The company has contract liabilities totaling $3.7 million as of June 30, 2022, compared to $1.9 million as of December 31, 2021, indicating a significant increase of approximately 89%[89] Research and Development - Research and development costs are expensed in the period incurred, including materials, personnel costs, and contract services[67] - Research and development expenses for the six months ended June 30, 2021, were $4,144,000, reflecting a reclassification from other operating expenses[169] Foreign Currency and Other Gains - The company reported a foreign currency translation loss of $(322,000) for the six months ended June 30, 2022[4] - Aggregate foreign currency gains were $519,000 for the six months ended June 30, 2022, compared to $259,000 for the same period in 2021, showing an increase in foreign currency gains[47] Miscellaneous - The company aims to leverage its satellite constellation for multi-temporal analysis and high-frequency revisits, focusing on building a planetary scale analytics platform[18] - The Company has adopted new accounting standards effective January 1, 2021, simplifying the accounting for convertible instruments[69] - The Company assesses impairment of trade accounts receivable collectively based on shared credit risk characteristics[54]
Satellogic (SATL) Presents at the LD Micro Virtual Invitational XII - Slideshow
2022-06-11 19:24
SATELLOGIC 1 LD MICRO VIRTUAL INVITATIONAL XII JUNE 2022 Rick Dunn SATL | Nasdaq Listed LEGAL DISCLAIMER Disclaimers and Other Important Information This presentation (this "Presentation") was prepared solely by, and is being provided by, Satellogic Inc. ("Satellogic" or the "Company") for informational purposes only. By reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. This Presentation and any oral statements made in connection wit ...
Satellogic V (SATL) Investor Presentation - Slideshow
2022-05-17 09:56
INVESTOR PRESENTATION MAY 2022 1 SATELL OGIC: SATL | Nasdag Listed LEGAL DISCLAIMER Disclaimers and Other Important Information This presentation (this "Presentation") was prepared solely by, and is being provided by, Satellogic Inc. ("Satellogic" or the "Company") for informational purposes only. By reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. This Presentation and any oral statements made in connection with this Presentation d ...
Satellogic (SATL) - 2021 Q4 - Annual Report
2022-04-30 01:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 20-F WASHINGTON, D.C. 20549 (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...