Satellogic (NASDAQ:SATL) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Satellogic (NASDAQ:SATL) posted its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10), FiscalAI reports. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The firm 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 Price Performance

Satellogic stock traded up $0.33 during midday trading on Wednesday, reaching $4.82. 12,837,357 shares of the stock were exchanged, compared to its average volume of 4,644,432. The company’s fifty day moving average is $5.42 and its 200-day moving average is $5.46. The firm has a market cap of $714.52 million, a PE ratio of -6.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44. Satellogic has a 52 week low of $1.25 and a 52 week high of $12.00.

Insider Buying and Selling

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. 38.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Satellogic by 1,671.4% in the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after purchasing an additional 825,121 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Satellogic in the 2nd quarter valued at about $118,000. Legal & General Group Plc bought a new position in Satellogic during the 2nd quarter worth approximately $27,000. Rhumbline Advisers bought a new position in Satellogic during the 2nd quarter valued at approximately $351,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Satellogic in the 2nd quarter worth approximately $97,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a report on Monday, June 15th. Zacks Research upgraded Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Freedom Capital upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Roth Capital upped their price objective on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $9.10.

About Satellogic

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.