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Stock impact report

Satellogic Reports Full Year 2023 Financial Results and Provides Business Update

Satellogic Inc. (SATL) 
Company Research Source: Business Wire
Revenue up 68% to $10.1 million in FY 2023Received $30 Million Strategic Investment from Tether Investments LimitedPlanned Redomicile to U.S. to Position the Company to Compete for U.S. Government and Allied Contracts NEW YORK--(BUSINESS WIRE)--Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided financial results for the year ended December 31, 2023, and a business update.“The second half of 2023 was highlighted by new partnerships, continued revenue growth, and milestone accomplishments in our strategy to capitalize on high-value opportunities in the U.S.,” said Satellogic CEO, Emiliano Kargieman. “As the EO market and macroeconomic environment continue to evolve, we are strategically realigning our business to capture high value opportunities in the U.S. With our focus on the U.S., we have taken two important steps. First, we commenced the process of redomiciling to Delaware from the British Virgin Islands, wit Show less Read more
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