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Satellogic Inc. (NASDAQ:SATL) on Wednesday released unaudited preliminary financial results for the three and nine months ended September 30, 2025, according to a statement based on its SEC filing.
The company reported estimated revenue between $3.4 million and $3.8 million for the third quarter, and between $11.2 million and $11.6 million for the nine-month period ended September 30.
Satellogic stated that its cash on hand as of September 30 was approximately $28.3 million.
The company also disclosed proceeds from the issuance of Class A common stock under its Second Amended and Restated Sales Agreement, dated April 9, 2025. Net proceeds were about $5.4 million for the third quarter and $7.4 million for the nine months ended September 30. The agreement involves Cantor Fitzgerald & Co. and Northland Securities, Inc.
Satellogic emphasized that its consolidated financial statements for the periods in question are not yet available. The preliminary results are based on management estimates and are subject to completion of financial closing procedures. The company noted that its independent registered public accounting firm has not audited or reviewed these preliminary figures, and actual results may differ.
Satellogic’s Class A common stock and warrants are traded on the Nasdaq Capital Market under the symbols SATL and SATLW, respectively.
All information is based on a company press release statement filed with the Securities and Exchange Commission.
In other recent news, Satellogic Inc. has announced the launch of its latest high-resolution satellite platform, NextGen. This new platform offers 30-centimeter class resolution across all visible and multispectral bands and is equipped with AI processing capabilities for near real-time analytics. The company has already secured an early customer commitment, with the first satellite anticipated to be operational by 2027. This development marks a significant milestone in Satellogic’s growth strategy, as it aims to provide sovereign space capabilities to governments and organizations worldwide. Additionally, the NextGen platform’s advanced features enable near real-time detection of ground changes, which can aid governments and operators in responding swiftly to emerging threats or opportunities. The announcement of this new platform has been positively received, with the company’s stock experiencing a notable increase following the news.
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