Satellogic Q1 Revenue Climbs 80% to $6.11M Despite EPS Miss
SATL•Satellogic posted Q1 EPS of -$0.84, missing consensus of -$0.05, while revenue surged 80% year-on-year to $6.11 million, beating the $5.27 million estimate. The company achieved positive net cash from operations for the first time, ending the quarter with $121.9 million in cash and a 2.44 current ratio.
1. Q1 Financial Results
Satellogic reported Q1 EPS of -$0.84 versus a consensus of -$0.05 and generated $6.11 million in revenue, marking an 80% year-over-year increase and surpassing the $5.27 million estimate.
2. Efficiency and Profitability Improvements
The company narrowed its adjusted EBITDA loss by 32% and reduced its operating loss by 33%, reflecting enhanced cost controls and operational efficiency.
3. Liquidity and Contract Wins
Satellogic achieved positive net cash from operating activities for the first time, closed the quarter with $121.9 million in cash and a 2.44 current ratio, and won a $12 million defense contract for an in-orbit satellite delivery.
