Satellogic (NASDAQ:SATL) Announces Quarterly Earnings Results

Satellogic (NASDAQ:SATL) released its earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10), FiscalAI reports. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The business had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million.

Here are the key takeaways from Satellogic’s conference call:

• Q2 revenue rose 259% year over year to $15.9 million, while the company posted its first positive operating income of just over $300,000 and positive adjusted EBITDA of $2.8 million. Management attributed the improvement to significant operating leverage, with operating expenses up 46% versus the much faster revenue growth.
• Contracted, non-cancellable remaining performance obligations increased to $80.7 million, including $45.8 million expected to be recognized over the next 12 months. Management cited sovereign and defense wins, including an $18 million-plus Aleph Observer deployment and an $80 million Portugal program, as evidence of strong demand.
• Data and analytics revenue grew 54% sequentially to $7.1 million as customers moved from one-off imagery purchases toward recurring persistent-monitoring subscriptions. The company said Aleph Observer pilots are converting faster than expected in some cases, although it is not yet disclosing subscription metrics such as ARPU or recurring revenue.
• The first Merlin satellite has completed environmental and functional testing and is ready to ship for a planned October 2026 launch; additional launches are expected in the first half of 2027, with full service targeted for the second half of 2027. Satellogic ended the quarter with $112.8 million in cash and reduced secured convertible debt to $18 million.
• CFO Rick Dunn will leave on August 21, with the corporate controller serving as interim CFO if a permanent successor is not appointed by then. Management also could not confirm a follow-on Palantir contract, though it expressed hope that future data sales would be cash-generating rather than structured as barter transactions.

Satellogic Price Performance

Shares of NASDAQ:SATL traded up $0.33 on Wednesday, hitting $4.82. The company had a trading volume of 12,835,666 shares, compared to its average volume of 9,633,464. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. The company has a market cap of $714.52 million, a PE ratio of -6.43 and a beta of 1.31. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00. The business has a 50 day moving average of $5.52 and a 200 day moving average of $5.45.

Analyst Ratings Changes

Several brokerages recently commented on SATL. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Zacks Research raised Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Roth Capital boosted their target price on Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Freedom Capital upgraded Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Satellogic has an average rating of “Buy” and an average price target of $9.10.

Insider Transactions at Satellogic

In related news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the completion of the transaction, the director owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the transaction, the chief technology officer owned 47,785 shares in the company, valued at approximately $399,004.75. This trade represents a 64.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 38.84% of the company’s stock.

Institutional Trading of Satellogic

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in Satellogic in the 4th quarter worth approximately $38,000. Invesco Ltd. lifted its stake in shares of Satellogic by 14.0% during the 4th quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock worth $87,000 after purchasing an additional 5,723 shares during the period. XTX Topco Ltd acquired a new stake in shares of Satellogic during the fourth quarter worth $294,000. Millennium Management LLC purchased a new stake in shares of Satellogic in the fourth quarter valued at $2,172,000. Finally, AQR Capital Management LLC increased its stake in Satellogic by 227.7% in the fourth quarter. AQR Capital Management LLC now owns 153,458 shares of the company’s stock valued at $287,000 after purchasing an additional 106,626 shares during the last quarter. Institutional investors and hedge funds own 17.58% of the company’s stock.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low?Earth?orbit (LEO) microsatellite constellation. The company’s satellites capture high?resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end?to?end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.