Business
Satellogic Announces Full Year 2021 Financial Results
Expanded its Fleet to 22 Satellites with Plans to Launch up to 12 Additional Satellites in 2022 Closed Business Combination with CF Acquisition Corp. V, with
About this update from Satellogic Inc.
[{"type":"text","content":"\nExpanded its Fleet to 22 Satellites with Plans to Launch up to 12 Additional Satellites in 2022\n\nClosed Business Combination with CF Acquisition Corp. V, with Gross Proceeds of ~$262 million, $168 million added to the Balance Sheet, and Listed on Nasdaq\n\nStarted Construction of Manufacturing Facility in the Netherlands to Reach Production Capacity of 25 Satellites per Quarter by the Third Quarter of 2023\n\nAppointed New Directors to Board, Including Former Secretary of the Treasury Steven T. Mnuchin and Former Chairman of the Joint Chiefs of Staff Joseph F. Dunford Jr.\n\n NEW YORK--(BUSINESS WIRE)--\nSatellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced financial results for the year ended December 31, 2021.\n\n2021 Operational Highlights\n\n\nAccelerated growth with leadership appointments across Corporate Development, Human Resources, Financial Reporting and Sales to build on industry leading Earth Observation (“EO”) capabilities and geospatial data applications.\n\n\nSatellogic established Satellogic North America (“SATNA”) in FY21 as a wholly owned subsidiary to pursue business in the North American public sector. In its first six months of operations, SATNA secured placement on the GSA schedule and contractually supported US Government partners in Afghanistan and across multiple US DOD exercises including Scarlet Dragon and Global Information Dominance Exercise. SATNA is in process of securing a US facility clearance to deepen its work with the US defense and intelligence community.\n\n\nAnnounced construction of a high-throughput satellite manufacturing facility in the Netherlands that will follow a modern production approach and Industry 4.0 principles and is expected to reach full production capacity of 25 satellites per quarter by Q3 2023.\n\n\nExecuted a letter of intent with Agencia Espacial del Paraguay (“AEP”) to develop a Space-as-a-Service program for the country, undertaking various technological and scientific projects in accordance with AEP’s Institutional Strategic Plan and the Space Policy of Paraguay.\n\n\nExpanded collaboration with Amazon Web Services, Inc. (“AWS”), including use of AWS’s Ground Station to scale services and deliver insights to customers faster.\n\n\nJoined the International Disasters Charter to provide satellite ...