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.
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