Geospatial constellation operator Satellogic: H1 rev up 15%, reduced loss, but urgent need for cash within 12 months

by Peter B. de Selding

LA PLATA, Maryland — Satellite geospatial imaging constellation operator Satellogic Inc. reported a 15% increase in revenue for the six months ending June 30 compared to the same period a year ago and a much narrower operating loss but remains in need of additional cash to continue operations for the next 12 months.

Satellogic, which relocated to the United States earlier this year from the British Virgin Islands to increases its appeal to U.S. government customers, told investors it is looking at multiple sources of revenue, including an equity raise. But . . .

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