Satellogic is a vertically integrated Earth Observation (EO) company that designs, manufactures, and operates its own constellation of satellites. They provide high-resolution imagery and full-motion video data, with frequent revisits, for various applications across industrial, environmental, and governmental sectors. Satellogic partners with organizations like NASA, Maxar, Ursa Space, and SkyFi, and aims to democratize access to geospatial analytics.
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SkyWatch's partnership with Satellogic aims to increase access to EO data and provide customers with more options on the EarthCache platform.
Satellogic reported revenue of $3,200,000 in the first half of 2023, a 33% increase year-over-year.
Satellogic ended the first half of 2023 with $42,000,000 in cash, compared with $77,000,000 on 2023-12-31 of the prior year.
Satellogic reduced its headcount by 25% from the start of 2023 to around 300 employees.
Satellogic’s CFO Rick Dunn linked reaching the $10,000,000 to $20,000,000 revenue target for 2023 to closing opportunities within the space systems business.
Satellogic shares declined from a high of $4.03 in January to close at $1.36 on 2023-09-21.
Satellogic reported a $30,000,000 net loss for the first half of 2023, compared with an $8,000,000 net loss for the same period in 2022.
Satellogic has not announced a customer for the Earth-observation satellites it said in March it could sell for less than $10,000,000 each.
Satellogic is forecasting full-year 2023 revenue of between $10,000,000 and $20,000,000.
Satellogic projected $132,000,000 in revenue for 2023 during a November 2021 analyst day presentation.
Satellogic raised $168,000,000 from its SPAC merger.
Satellogic previously forecasted $30,000,000 to $50,000,000 in revenue for the full year 2023 as of December of the prior year.
Satellogic has completed 15 missions to date and aims to reach more than 200 satellites in orbit for daily global remaps.
Satellogic will test new methods of high-resolution Earth observation data delivery using Skyloom’s OCT through the SkyCompass-1 GEO lasercom network infrastructure.
Satellogic will use Skyloom’s Optical Communications Terminal to test new methods of high-resolution Earth observation data delivery via the SkyCompass-1 geostationary laser communication network and via direct downlink to a gateway within view of the low-altitude image area.
As a first commissioning step, a Satellogic spacecraft will perform a low Earth orbit-to-ground link by handshaking with Skyloom’s optical ground station in Broomfield, Colorado.
SE-1 is a space-based computer integrated with a Satellogic spacecraft launched in January on a SpaceX Falcon 9 rocket.
Quant Data & Analytics will collaborate with Satellogic to develop derivative products that expand the adoption of data science, AI, and SaaS products for real estate and retail.
Satellogic Inc. (NASDAQ: SATL) signed an agreement with Quant Data & Analytics to provide high-resolution satellite imagery across the Kingdom of Saudi Arabia and the Gulf region.
Satellogic’s Mark V satellites cost about $1,000,000 each to build and launch.