Quarterly ResultMay 12, 2026, 04:24 PM
Satellogic Q1 Revenue +80% to $6.1M; Net Loss Widens to $118.3M
AI Summary
Satellogic Inc. reported an 80.3% increase in total revenue to $6.1 million for the first quarter of 2026, driven by strong growth in both service and product revenues, particularly in Space Systems and the Asia & Asia Pacific region. Despite an improved operating loss of $(6.4) million and positive cash flow from operations, the company's net loss significantly widened to $118.3 million, primarily due to a substantial $(113.0) million change in the fair value of financial instruments. The company also raised $32.8 million from a Registered Direct Offering during the quarter.
Key Highlights
- Total revenue increased 80.3% to $6.1 million for the three months ended March 31, 2026.
- Net loss widened to $118.3 million, compared to $32.6 million in the prior year period.
- Basic net loss per share was $(0.84), up from $(0.34) in Q1 2025.
- Operating loss improved by 33.1% to $(6.4) million for the quarter.
- Net cash provided by operating activities was $0.2 million, a significant improvement from a $(4.7) million outflow.
- Space Systems revenue surged 284% to $1.5 million in Q1 2026.
- Asia & Asia Pacific revenue grew 739.5% to $3.0 million.
- A $(113.0) million change in fair value of financial instruments significantly impacted the net loss.
Price Impact
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