Satellogic (SATL) Company Report

Satellogic reported a 29% increase in revenue to $3.6 million and an 18% decrease in operating costs and expenses for the three months ended September 30, 2025.
The company's net income improved by $16.1 million to $4.0 million for Q3 2025, compared to a net loss of $12.1 million for Q3 2024.
Satellogic strengthened its balance sheet with the completion of a $90 million public offering in October and ended Q3 2025 with $28.3 million in cash and cash equivalents.
A seven-figure strategic data distribution agreement with Suhora was announced in September, granting exclusive rights for Satellogic’s data and services in India and Nepal.
The company also launched its Very-High Resolution NextGen Satellite Platform.

Nov 10, 2025, 9:49 PM

Satellogic Appoints Jeff Kerridge as Senior Vice President of Global Sales

SATL

Management Change

Hiring

Satellogic has appointed Jeff Kerridge as Senior Vice President of Global Sales, who will lead the company's worldwide sales strategy and customer growth initiatives.
Kerridge brings over 35 years of experience across the geospatial, defense, and intelligence sectors, including a pivotal role at Maxar Intelligence (now Vantor) where he led a team that generated more than $1 billion in revenue over seven years.
His appointment comes at a pivotal time for Satellogic, following a $90 million public offering, successful U.S. re-domiciliation, the announcement of a next-generation satellite constellation, and securing strategic international deals.
Kerridge's leadership is expected to be instrumental in turning the company's momentum into sustained growth and market dominance.

Nov 3, 2025, 1:00 PM

Satellogic Inc. completes public offering of Class A common stock

SATL

Satellogic Inc. completed an underwritten public offering of 27,692,308 shares of its Class A common stock at a public offering price of $3.25 per share.
The offering, which closed on October 17, 2025, is expected to generate approximately $90 million in gross proceeds for the company before deducting underwriting discounts and commissions and other estimated offering expenses.
The company granted the underwriters a 30-day option to purchase up to an additional 4,153,846 shares.
King & Spalding LLP provided an opinion stating that the shares have been duly authorized and, when issued and paid for, will be validly issued, fully paid, and nonassessable.

Oct 17, 2025, 8:35 PM

Satellogic Inc. Reports Preliminary Q3 2025 Financial Results

SATL

Earnings

Guidance Update

Satellogic Inc. reported preliminary unaudited revenue of approximately $3.4 million to $3.8 million for the three months ended September 30, 2025, and $11.2 million to $11.6 million for the nine months ended September 30, 2025.
The company's cash on hand was approximately $28.3 million as of September 30, 2025.
Proceeds from the issuance of Class A common stock, net of transaction costs, amounted to approximately $5.4 million for the three months and $7.4 million for the nine months ended September 30, 2025.
These financial results are preliminary estimates and are subject to the completion of the company's financial closing procedures and review.

Oct 15, 2025, 9:05 PM

Satellogic Announces Proposed Public Offering of Class A Common Stock

SATL

Satellogic Inc. (NASDAQ: SATL) announced its intention to offer and sell shares of its Class A common stock in an underwritten public offering.
The company anticipates using the net proceeds from the offering for general corporate purposes.
The underwriters are expected to receive a 30-day option to purchase additional shares of Class A common stock, equal to up to 15% of the number of shares sold in the offering.
The offering is subject to market conditions, and there is no assurance as to whether or when it may be completed, or its actual size or terms.

Oct 15, 2025, 8:36 PM

Satellogic signs exclusive partnership with Suhora

SATL

New Projects/Investments

Satellogic Inc. (NASDAQ: SATL) has entered into a strategic, multi-year partnership with Suhora, a provider of dual-use ISR technologies.
The seven-figure deal grants Suhora exclusive rights to provide Satellogic’s Earth Observation (EO) data and services in India and Nepal.
This collaboration is expected to significantly expand market access to high-resolution satellite imagery in the region, offering cost-effective, low latency access to satellite data for various applications.

Sep 3, 2025, 12:00 PM

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