Satellogic Inc (OQ:SATL)
Business Focus: Geophysical Surveying & Mapping Services
| Sector: Basic Materials | Industry: Mining Support Services & Equipment |
| Company Contact | |
| Address: | Ruta 8 Km 17,500, Edificio 300, Oficina 324 Zonamerica MONTEVIDEO NC 91600 |
| Tel: | 1-949-4918235 |
| Website: | https://satellogic.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Satellogic Inc. is a vertically integrated geospatial analytics company. It is building a fully automated Earth Observation (EO) platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for its customers. It has three business lines: Asset Monitoring, Constellation-as-a-Service (CaaS) and Space Systems. Asset Monitoring business involves both government and commercial customers tasking its satellites around the world with monitoring assets. CaaS business offers governments around the world the ability to control satellites on top of specific areas of interest. Space Systems is involved in satellite sales and support, to meet the needs of customers interested in its technology and capability that also have a need or desire to own the satellites being utilized to collect data. It operates an approximately 11,200 square foot manufacturing pilot plant, with an annual production capacity of 24 satellites. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Satellogic Inc revenues increased 68% to $10.1M. Net loss increased 67% to $61M. Revenues reflect Asia Pacific segment increase from $619K to $4.4M, Europe segment increase of 30% to $2.1M. Higher net loss reflects Change in fair value of financial instru decrease of 89% to $6.5M (income), Depreciation expense increase of 20% to $17.3M (expense). |
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