Satellogic Q4: The Business Struggles Amid Rapidly Contracting Satellite Networks [Seeking Alpha]
Satellogic Inc. (SATL)
Company Research
Source: Seeking Alpha
Satellogic now has just 25 satellites in orbit, and I expect 2024 revenues excluding the Space Systems business to be flat or down slightly. Free cash flow for 2023 was negative $64.5 million, and I think the company could run out of cash by the end of 2024. The short borrow fee rate is over 50%, and it could be best for risk-averse investors to avoid Satellogic's stock. Introduction I've written three articles on SA about Satellogic ( NASDAQ: SATL ), the latest of which was in September 2023 when I said that its satellite network is shrinking and that the updated 2023 guidance for revenues of Recommended For You Recommended For You
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SATL
News
- Satellogic Releases Open Dataset for AI Model Training [Yahoo! Finance]Yahoo! Finance
- Satellogic Releases Open Dataset for AI Model TrainingBusiness Wire
- EarthDaily and CC35 Forge Strategic Partnership to Establish High-Standard for Conservation Monitoring in the Americas [Yahoo! Finance]Yahoo! Finance
- Satellogic Stock: Unattractive On Business Pivot Uncertainty And Continued Cash Burn [Seeking Alpha]Seeking Alpha
- Satellogic Signs Letter of Intent with O.N.E. Amazon to Support Building the Internet of Forests [Yahoo! Finance]Yahoo! Finance
SATL
Sec Filings
- 4/16/24 - Form 6-K
- 4/15/24 - Form 20-F
- 4/12/24 - Form 6-K
- SATL's page on the SEC website