Satellogic Inc. Reports 2% Revenue Increase to $3.4 Million in Q1 2025, Driven by Asset Monitoring Sales

Reuters
05-14
<a href="https://laohu8.com/S/SATL">Satellogic</a> Inc. Reports 2% Revenue Increase to $3.4 Million in Q1 2025, Driven by Asset Monitoring Sales

Satellogic Inc. reported its financial results for the first quarter of 2025, highlighting a revenue increase of $0.1 million, or 2%, to $3.4 million compared to $3.3 million in the same period of the previous year. This increase was primarily driven by a $0.4 million rise in imagery orders from new and existing Asset Monitoring customers, which offset a $0.4 million decrease in revenue from the Space Systems business line. Revenue for the quarter included $2.6 million from the Asset Monitoring line, $0.4 million from the Space Systems line, and $0.4 million from the CaaS line. The company ended the quarter with $17.7 million in cash on hand, excluding proceeds from a recent $20 million registered direct offering. This financial position was further strengthened by a reduction in cash used in operations by $5.4 million, or 53%, compared to the same quarter in 2024. Significant business updates include the completion of the company's domestication to the U.S. and the awarding of a $30 million contract for an AI-first constellation. These achievements position Satellogic to focus on growth opportunities and underscore the value of its data insights and technology.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Satellogic Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9450778-en) on May 13, 2025, and is solely responsible for the information contained therein.

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