Satellogic jumps on strong Q3 results
SATL•Satellogic reported record third-quarter revenue of $16 million, up 342% year over year and above the $12.57 million analyst consensus. Adjusted EBITDA was $1.17 million, versus a loss a year earlier, and shares rose 20.7% premarket.
1. Record quarterly results
Satellogic said third-quarter revenue reached a record $16 million, up 342% from a year earlier and beating the $12.57 million analyst consensus. Adjusted EBITDA was $1.17 million, compared with a $4.93 million loss a year earlier and ahead of estimates for a $1.04 million loss; the company attributed its performance to growth in its Data & Analytics and Space Systems businesses.
