Satellogic (NASDAQ:SATL) Announces Earnings Results

Satellogic (NASDAQ:SATL) announced its earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10), FiscalAI reports. Satellogic had a negative return on equity of 124.86% and a negative net margin of 325.65%.The business had revenue of $15.92 million for the quarter, compared to the consensus estimate 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 Trading Up 9.5%

SATL traded up $0.48 during mid-day trading on Friday, hitting $5.52. The stock had a trading volume of 7,233,587 shares, compared to its average volume of 9,626,167. The stock’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $5.47. The firm has a market capitalization of $818.28 million, a price-to-earnings ratio of -6.73 and a beta of 1.31. Satellogic has a 1-year low of $1.25 and a 1-year high of $12.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SATL. Cantor Fitzgerald lowered their price objective on shares of Satellogic from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday. Freedom Capital raised shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Northland Securities set a $11.00 price objective on shares of Satellogic in a research note on Thursday, May 28th. Finally, Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Satellogic presently has a consensus rating of “Buy” and an average target price of $8.90.

Insiders Place Their Bets

In other Satellogic 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 stock was 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at $399,004.75. This trade represents a 64.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 38.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Satellogic

Institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in Satellogic during the 2nd quarter worth approximately $27,000. LMR Partners LLP acquired a new position in shares of Satellogic in the second quarter valued at approximately $30,000. Squarepoint Ops LLC bought a new stake in shares of Satellogic during the third quarter worth $33,000. Virtu Financial LLC bought a new stake in shares of Satellogic during the third quarter worth $36,000. Finally, Abel Hall LLC acquired a new stake in shares of Satellogic during the fourth quarter worth $25,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

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.