Satellogic reports Q1 GAAP EPS of -$0.84 and $6.11M revenue, both below analyst expectations.
Satellogic Inc. reported a first-quarter GAAP loss per share of -$0.84, missing estimates by $0.81. Revenue reached $6.11 million, an 80.2% year-over-year increase but $3.58 million below forecasts.
The company ended the quarter with $121.9 million in cash and cash equivalents. Non-GAAP adjusted EBITDA loss narrowed by $2.0 million, or 32%, to $4.2 million compared to prior periods.
No immediate market reaction was disclosed in the release.