Business
Satellogic Reports 2024 Financial Results and Business Update
Revenue up 28% to $12.9 million in 2024 Redomicile to U.S. Nears Completion; Set to Accelerate Market Opportunities Completed $10 Million Private Placement Entered into $50 Million At-The-Market (ATM) Program NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided a business update and financial results for the year ended December 31, 2024. “The second half of 2024 was highlighted by co
About this update from Satellogic Inc.
[{"type":"image","alt":"Satellogic, Inc.","displaySize":"","headline":null,"caption":"Satellogic, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":70,"url":"https://media.zenfs.com/en/globenewswire.com/64780308c3b82915890daca3159b0485"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DbNlXBtXgS0Wwq57a0Iw6w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/64780308c3b82915890daca3159b0485","width":300,"height":70}},"lazy":false},{"type":"text","content":"Revenue up 28% to $12.9 million in 2024","length":39,"tagName":"p"},{"type":"text","content":"Redomicile to U.S. Nears Completion; Set to Accelerate Market Opportunities","length":75,"tagName":"p"},{"type":"text","content":"Completed $10 Million Private Placement ","length":39,"tagName":"p"},{"type":"text","content":"Entered into $50 Million At-The-Market (ATM) Program","length":52,"tagName":"p"},{"type":"text","content":"NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided a business update and financial results for the year ended December 31, 2024.","length":244,"tagName":"p"},{"type":"text","content":"“The second half of 2024 was highlighted by commercial milestones, including a pivotal agreement with Maxar Intelligence granting them exclusive rights to task Satellogic’s high-revisit constellation and use our cost-effective satellite imagery to support national security missions for the U.S. Government and select U.S. partners internationally.” said Satellogic CEO, Emiliano Kargieman.","length":390,"tagName":"p"},{"type":"text","content":"“Additionally, we were selected by NASA as one of eight recipients of NASA's Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract, with a maximum cumulative value of $476 million for all award winners. We have begun work on our first task order with NASA, an 18-month, seven figure award that will allow NASA researchers to utilize Satellogic data for critical earth science imagery analysis. This award highlights Satellogic’s commitment to delivering high-quality Earth observation data to advance scientific research and enhance life on Earth,” said Kargieman.","length":599,"tagName":"p"},{"type":"text","content":"“In 2024, we have mad...