Satellogic Reports Q3 Revenue of $16.0 Million, Up 342% Year Over Year
Satellogic reported record third-quarter revenue of $16.0 million, up 342% year over year, and a second consecutive quarter of positive adjusted EBITDA. Merlin.01 launched October 1 and is operating; after quarter-end, the company agreed to sell three satellites to New Space Systems.
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09:07:22 PM UTC
SquawkNews
Satellogic reported Q3 revenue of $16.0M, up 342% from $3.6M a year earlier; Adjusted EBITDA was positive $1.2M versus a $4.9M loss. GAAP net income of $28.3M included a $30.0M non-cash fair-value gain.Material DetailsContext by AI AnalystThis is an early-stage operating improvement story, with rap…
Record Third Quarter Revenue of $16.0 Million, Up 342% Year-over-Year, with a Second Consecutive Quarter of Positive Adjusted EBITDAMerlin.01 Launched October 1 and Now Operating, Advancing Persistent Global Intelligence StrategyAfter Quarter-End New Space Systems Satellite Agreement to Sell Three…