Earnings ·
Satellogic reports Q3 revenue of $16.0M, up 342% YoY, with second consecutive quarter of positive Adjusted EBITDA
SATLSatellogic Inc.
Satellogic reported third-quarter revenue of $16.0 million, a 342% increase from the prior-year period, driven by strong performance in both Data & Analytics and Space Systems segments. The company achieved positive Adjusted EBITDA of $1.2 million for the second consecutive quarter, while narrowing its operating loss by 72% to $2.3 million. GAAP net income was $28.3 million, largely due to a $30.0 million non-cash gain from changes in the fair value of financial instruments. The company also announced a new sovereign satellite agreement worth approximately $37 million signed after quarter-end and launched its Merlin.01 satellite on October 1. Satellogic operates as an infrastructure provider for Persistent Global Intelligence, building and operating satellites to deliver continuous Earth observation data.