Satellogic (NASDAQ:SATL) Announces Earnings Results

Satellogic (NASDAQ:SATL) issued its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16, FiscalAI reports. Satellogic had a negative net margin of 179.55% and a positive return on equity of 15.02%. The company had revenue of $16.04 million for the quarter, compared to analyst estimates of $12.44 million.

Here are the key takeaways from Satellogic’s conference call:

• Record growth and improving profitability: Third-quarter revenue rose 342% year over year to $16 million, and adjusted EBITDA was positive for a second consecutive quarter at $1.2 million.
• Sovereign satellite demand is translating into contracts: Satellogic signed a post-quarter $37 million agreement for three satellites, bringing announced 2026 sovereign satellite contracts to approximately $67 million; the new deal is expected to enter RPO in the fourth quarter.
• Merlin is in orbit, but revenue contribution is still ahead: Merlin.01 launched on schedule and commissioning is progressing as planned; the company expects service to become operational in the second half of 2027, with most impact expected from 2028 onward.
• Palantir agreement renewal remains uncertain: The current agreement expires in November, and Satellogic said extension discussions are ongoing; lower non-cash revenue under the agreement contributed to a modest sequential decline in Data and Analytics revenue.
• Cash flow remains a challenge: Free cash flow was negative $11.7 million in the quarter, reflecting $5.5 million of adjusted operating cash use and $6.2 million of capital expenditures, while management continues to target positive free cash flow.

Satellogic Stock Down 7.4%

Shares of NASDAQ:SATL traded down $0.28 during trading hours on Thursday, reaching $3.52. The stock had a trading volume of 1,812,574 shares, compared to its average volume of 8,165,059. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00. The firm’s 50 day moving average is $4.59 and its 200-day moving average is $5.26. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34. The stock has a market capitalization of $540.86 million, a price-to-earnings ratio of -5.31 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SATL shares. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Cantor Fitzgerald cut their target price on shares of Satellogic from $9.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Research lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Roth Capital reissued a “buy” rating on shares of Satellogic in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Satellogic has an average rating of “Moderate Buy” and an average target price of $8.50.

Satellogic Company Profile

Satellogic is a space technology company that designs, manufactures and operates Earth-observation satellites. It provides satellite imagery and geospatial data products to customers seeking information about conditions and changes on the ground. The company’s services include imagery and monitoring solutions for applications such as agriculture, forestry, energy, infrastructure and government operations. Satellogic also offers access to satellite data and imaging capacity for organizations that need tailored Earth-observation capabilities.