Satellogic Reports Third Quarter Financial Results

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]