Satellogic Initiates Workforce Reduction Of 70 Employees In June 2024; Expects $4.1M Annual Savings; Incurs $1.2M In Severance Charges
$SATL
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- Form 6-K
- Form 6-K
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2022 | $5.00 | Underweight | Piper Sandler |
$30 Million Secured Convertible Notes Provides Additional Operating Liquidity and Financial Flexibility Satellogic Inc. (NASDAQ:SATL) ("Satellogic" or the "Company"), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced that Nettar Group, Inc. (the "Borrower"), a wholly-owned subsidiary of the Company, entered into a Note Purchase Agreement (the "Note Purchase Agreement") led by Tether Investments Limited (the "Purchaser"), pursuant to which the Borrower agreed to issue floating rate secured convertible promissory notes in the aggregate principal amount of $30 million (the "Secured Convertible Notes") to the Purchaser (the "Offering"). The net proceed
Asset Monitoring Revenue Grew at a 35% CAGR Year-to-Date through October with Constellation-as-a-Service (CaaS) Business Gaining Momentum Following a Multi-Million-Dollar Agreement Awarded from the Republic of Albania Fully Funded, Debt-free 2023 Business Plan with Expectation of Reaching Adjusted EBITDA Breakeven in 2024 $124 million in Cash at 1H 2022; Expected to be $78 - $82 million at End of 2022 Established New ‘Space Systems' Business Line to Sell Satellites Directly to Select Customers, with Unmatched Build-to-Launch Cycles of Less than 8 months Largest High Resolution Commercial Capture Capability (6.2MM sq km daily) in the World; Expanded Fleet to 26 Satellites in 2022 Full F
Piper Sandler initiated coverage of Satellogic with a rating of Underweight and set a new price target of $5.00
RW - Satellogic Inc. (0001874315) (Filer)
6-K - Satellogic Inc. (0001874315) (Filer)
6-K - Satellogic Inc. (0001874315) (Filer)
- Form 6-K
Gainers Getaround (NYSE:GETR) stock rose 17.0% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $19.7 million. SOS (NYSE:SOS) stock moved upwards by 9.0% to $0.92. The market value of their outstanding shares is at $11.2 million. AgEagle Aerial Sys (AMEX:UAVS) shares increased by 8.16% to $0.68. The company's market cap stands at $8.0 million. Babcock & Wilcox (NYSE:BW) stock moved upwards by 7.96% to $1.22. The company's market cap stands at $108.4 million. Satellogic (NASDAQ:SATL) stock moved upwards by 6.41% to $1.16. The market value of their outstanding shares is at $107.3 million. Applied UV (NASDAQ:AUVIP) shares rose 6.12% to $1.56.
One of Eight Recipients to Multiple Award Contract Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is proud to announce its selection as one of eight recipients of NASA's Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract, with a maximum cumulative value of $476 million for all award winners. This award, announced on September 6, 2024, highlights Satellogic's commitment to delivering high-quality Earth observation data to advance scientific research and enhance life on Earth. Under the CSDA On-Ramp1, Satellogic will provide NASA with high-resolution multispectral imagery under a multiple-award contract in effect unt
Satellogic Also Announces the Retirement of Brad Halverson Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is pleased to announce the appointment of Kelly Kennedy to its Board of Directors and as chair of the board's Audit Committee, effective September 3, 2024. Kelly Kennedy, a seasoned financial executive with over 30 years of experience in finance, operations, and strategic growth, brings a wealth of expertise that will be valuable as she helps to guide Satellogic's leadership team as an independent board member. Ms. Kennedy is currently serving as Chief Financial Officer for Willow Innovations and has held key financial leadership roles at The
Streamlining Connections: The Global Data Marketplace, a Modern E-Commerce Platform, Enhances Satellogic's Access to Federal Agencies and Allied Partners Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced that it has been onboarded as a commercial vendor in the Global Data Marketplace ("GDMP"), a real-time e-commerce platform delivering commercially sourced data and data fusion analytics to meet the not classified space awareness needs for the US and international agencies, including US Space Force. The Global Data Marketplace connects vendors and consumers of commercial space data on a single platform. This modern a
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Satellogic Also Announces the Retirement of Brad Halverson Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is pleased to announce the appointment of Kelly Kennedy to its Board of Directors and as chair of the board's Audit Committee, effective September 3, 2024. Kelly Kennedy, a seasoned financial executive with over 30 years of experience in finance, operations, and strategic growth, brings a wealth of expertise that will be valuable as she helps to guide Satellogic's leadership team as an independent board member. Ms. Kennedy is currently serving as Chief Financial Officer for Willow Innovations and has held key financial leadership roles at The
Experienced Executive Brings Global Expertise Representing Public and Private Companies Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced Matthew Brannen has joined the company's senior management team as VP of Legal to add compliance and regulatory leadership, and support rapid growth into new markets and industries. "Matt fully understands the compliance, regulatory and cultural nuance hurdles that need to be cleared for scaled global growth," said Rick Dunn, CFO at Satellogic. "We're thrilled to add Matt's expertise with complex go-to-market strategies as a tremendous asset for us and our customers as we advance ou
Investment Drives Strategic Focus on Vertical Integration Satellogic CEO Emiliano Kargieman Joins Board of Directors of Officina Stellare Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced the completion of an ~5% investment in Officina Stellare ("OS"). This includes an option for Satellogic to expand its ownership to up to 12% in the next 36 months and the appointment of Emiliano Kargieman, CEO and Co-Founder of Satellogic, to the OS Board of Directors. OS, a publicly traded Euronext Growth Milan company headquartered in Sarcedo - Vicenza, is widely recognized as a leader in the design and production of optomechanica