Satellogic Inc. reported a 27% increase in revenue for the second quarter of 2025, reaching $4.4 million compared to $3.5 million for the same period in 2024. This growth was primarily driven by a $0.6 million increase in imagery ordered by new and existing Asset Monitoring customers and a $0.4 million increase from the Space Systems business line. For the three months ended June 30, 2025, revenue included $3.5 million from the Asset Monitoring line, $0.5 million from the Space Systems line, and $0.4 million from the CaaS (Constellation-as-a-Service) line of business. Satellogic also reported a significant 41% decrease in operating costs and expenses for the second quarter of 2025. The company noted a 62% reduction in net cash used in operating activities, amounting to $9.1 million for the six months ended June 30, 2025. The Non-GAAP Adjusted EBITDA loss was reported at $3.6 million for the quarter. Satellogic concluded the quarter with $32.6 million of cash on hand. In terms of business operations, Satellogic announced significant progress in executing its strategy, including a multi-year contract valued at $30 million awarded on April 8, 2025, to provide near-daily and ultra-low latency analytics. The company is also poised to deliver NextGen Satellite and Technology Transfer to Malaysia's Earth Observation Satellite Program.
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