secwatch.observer — SEC 8-K summary
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Issuer:     Satellogic Inc. (SATL)
CIK:        0001874315
Form:       8-K
Filed at:   2026-05-11T21:12:23+00:00
Accession:  0001437749-26-016159
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Satellogic Q1 revenue up 80% to $6.1M; first positive operating cash flow; Merlin constellation unveiled
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- Revenue $6.1M (+80% YoY); Data & Analytics $4.6M, Space Systems $1.5M.
- Operating loss improved 33% to $6.4M; Adj. EBITDA loss improved 32% to $4.2M.
- Net loss $118.3M includes $113M non-cash fair value charge; first positive operating cash flow $0.2M.
- Cash $121.9M; remaining performance obligations $64.8M ($29.2M within 1 year).
- Signed $12M in-orbit NewSat satellite transfer to sovereign defense customer; launched Merlin AI-first constellation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874315/000143774926016159/0001437749-26-016159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874315/000143774926016159/satl20260511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016159

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer