Market News AIOpen the app

Satellogic shared its Q3 results, showing $16 million in sales, a 342% jump from last year.

ResultsRead the original at Benzinga
Good for SATL

Satellogic reported record Q3 sales of $16 million and positive adjusted EBITDA for a 2nd straight quarter. Sales were $15.9 million in Q2, but new satellite agreements and deliveries support a favorable reading.

SATL · Satellogic

AI read · Good for SATL

The AI's read

These results show Satellogic turning work in data, analytics, and satellite sales into sales. Its satellite delivery and added defense work support the business. Q2 sales were close to Q3 sales, so the rise was not large from one quarter to the next. Still, positive adjusted EBITDA for a 2nd quarter and new satellite agreements support a favorable reading. Future growth plans are not completed results.

Get alerts for SATL

Follow Satellogic (SATL) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for SATL
Free on the App Store and Google Play, or on the web.