Satellogic (SATL) has released an update.
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Satellogic Inc. reports a net loss of $33,279,000 for the first half of 2024, an increase from the $29,851,000 loss in the same period the previous year. The company’s revenue nearly doubled, rising from $3,184,000 in 2023 to $6,829,000 in 2024, despite total costs and expenses seeing a slight decrease. These financial results highlight Satellogic’s growth in revenue with a continued focus on managing operational costs.
For further insights into SATL stock, check out TipRanks’ Stock Analysis page.
