Notizie in diretta • May 17
Satellogic Reports 80% Q1 Revenue Growth and Secures Major Defense Contracts Satellogic reported Q1 2026 revenue of US$6.1 million, 80% higher year over year, with contributions from both its Data & Analytics and Space Systems segments.
The company recorded its first positive operating cash flow of US$0.2 million in Q1 2026.
Satellogic signed a US$12 million deal with a sovereign defense customer for a commissioned in-orbit NewSat satellite and a US$18 million supply contract with Portugal’s CEiiA. The company also continues work on its fully funded Merlin AI-first defense satellite constellation, targeting a Q4 2026 launch and full deployment by mid-2027.
Together, the new contracts and the shift to positive operating cash flow indicate that Satellogic is gaining commercial traction in sovereign and defense markets while beginning to demonstrate operational funding discipline.
Investors may want to closely monitor execution on the Merlin constellation timeline and the company’s ability to convert its growing defense and government pipeline into recurring, higher-margin revenue. Reported Earnings • May 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$0.84 loss per share (further deteriorated from US$0.34 loss in 1Q 2025). Revenue: US$6.11m (up 80% from 1Q 2025). Net loss: US$118.3m (loss widened 263% from 1Q 2025). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Major Estimate Revision • May 11
Consensus EPS estimates upgraded to US$0.15 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.195 to -US$0.153 per share. Revenue forecast steady at US$33.1m. Aerospace & Defense industry in the US expected to see average net income growth of 20% next year. Consensus price target up from US$6.08 to US$7.30. Share price rose 7.2% to US$7.57 over the past week. Annuncio • May 05
Satellogic, Inc. Announces Appointment of Jonathan Lee as Sales Director for APAC Satellogic Inc. announced the appointment of Jonathan Lee as Sales Director for APAC. He combines nearly a decade of commercial GEOINT experience at Vantor (formerly Maxar Intelligence), with 11 years as an analyst at the Singapore Ministry of Defense, bringing firsthand understanding of operational intelligence workflows and regional mission requirements. Recent Insider Transactions • Apr 07
Chief Financial Officer recently bought US$197k worth of stock On the 30th of March, Richard Dunn bought around 36k shares on-market at roughly US$5.51 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Richard has been a net seller over the last 12 months, reducing personal holdings by US$479k. Annuncio • Mar 31
Satellogic Inc. has filed a Follow-on Equity Offering in the amount of $50 million. Satellogic Inc. has filed a Follow-on Equity Offering in the amount of $50 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Price Target Changed • Mar 24
Price target increased by 10% to US$6.08 Up from US$5.50, the current price target is an average from 4 analysts. New target price is 13% above last closing price of US$5.38. Stock is up 38% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.044 last year. Reported Earnings • Mar 19
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: US$0.044 loss per share (improved from US$1.28 loss in FY 2024). Revenue: US$17.7m (up 38% from FY 2024). Net loss: US$4.78m (loss narrowed 96% from FY 2024). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Mar 18
Satellogic Inc Introduces Merlin Constellation for Daily Global Monitoring At One-Meter Resolution Satellogic Inc. announced Merlin, its latest constellation addition designed to enable daily remapping of the entire planet at one-meter resolution and expand the capabilities of its Aleph Observer persistent monitoring product. The first Merlin satellite is scheduled to launch in October 2026, with full operational capability expected in the first half of 2027. Merlin combines daily global coverage with one-meter spatial resolution a capability that Satellogic believes is not available in Earth observation systems today. This combination is expected to enable entirely new intelligence applications by allowing organizations to monitor activity continuously and cost-effectively on a planetary scale. Merlin is designed to significantly expand the capabilities of Aleph Observer, Satellogic’s persistent monitoring product. Today, Aleph Observer enables organizations to monitor hundreds to thousands of locations across their areas of interest. With Merlin, that capability extends to an unlimited number of monitored sites. Customers will be able to monitor millions of locations simultaneously. Some examples include military bases, ports, airports, border crossings, and critical infrastructure. This expands monitoring from hundreds or thousands of sites to persistent awareness across entire countries and regions. By continuously global remapping the planet, Merlin is also designed to reduce one of the historical constraints in Earth observation: limited access to imaging capacity. Instead of tasking satellites or competing for coverage, users gain continuous access to a global monitoring baseline. Designed for Defense-Grade Monitoring: Merlin is designed for defense and intelligence missions that demand global scale, reliability, and speed. Reliability ensures consistent daily coverage across the planet. Speed enables rapid identification of operational activity and immediate response through real-time alerts. The constellation combines several capabilities to support this operating model: Daily global remapping at one-meter resolution; Ten spectral bands aligned with Sentinel-2; AI-first onboard processing of every pixel for classification, object detection and identification; Real-time communications and intelligence alerting. When meaningful activity is detected, inter-satellite communications enable rapid follow-up observations from Satellogic’s broader fleet, allowing higher-resolution collection of events as they unfold. Merlin is built to meet demanding defense requirements while enabling robust monitoring capabilities for civil government and commercial applications, including environmental monitoring, agriculture and forestry management, infrastructure oversight, and energy network monitoring. Closing the Monitoring Gap: Many satellite systems capable of frequent global coverage operate at several-meter resolution, which is effective for mapping and broad change detection, but often lacks the detail required to identify human activity. Other high-resolution systems can capture detailed imagery, but are limited to a small number of sites per day, and users have to compete for scarce capacity to access them. Merlin is designed to close this gap by combining daily global coverage with one-meter resolution, enabling analysts to identify meaningful activity on the ground, including the presence or absence of monitored objects, aircraft movement, vehicle activity, and infrastructure changes across large operational environments. The result is a shift from periodic observation to continuous awareness. A New Commercial Model for Earth Observation: Instead of purchasing imagery scene by scene, customers can subscribe to persistent monitoring coverage across networks of assets such as airbases, ports, infrastructure systems, or conflict regions. Through Aleph Observer, organizations define the locations or regions they want to monitor while Satellogic’s constellation continuously delivers updated observations. Annuncio • Mar 10
Satellogic Inc. Announces Resignation of Mathew Tirman as President, Effective March 31, 2026 Satellogic Inc. announced that on March 6, 2026, Mathew Tirman, the President of the company notified that he is resigning as an officer and employee of the Company effective March 31, 2026, to pursue other opportunities. The Company has no immediate plans to fill this vacated role and expects that Mr. Tirman's duties will be distributed to other executives within the Company. Annuncio • Feb 23
Satellogic Inc. Launches Aleph Observer, a Persistent Global Intelligence Capability Designed for Sustained Awareness at Scale Satellogic Inc. announced the launch of Aleph Observer, its persistent monitoring capability designed to deliver sustained, large-scale situational awareness across critical locations worldwide. Aleph Observer represents a shift in how Earth observation is procured and used. Rather than relying on episodic tasking and best-effort imagery delivery, it enables ongoing monitoring of hundreds of sites daily with predictable delivery over time. This allows teams to detect and assess change without repeated tasking, helping reduce operational friction and increase confidence in what was observed and what was not. Traditional Earth observation models require customers to request imagery on a site-by-site basis, manage tasking priority, and absorb rising costs as monitoring needs grow. As areas of interest expand, revisit commencement becomes harder to maintain, awareness resets between collections, and operational risk increases. Aleph Observer replaces that model. Built on Satellogic's vertically integrated architecture, Aleph Observer delivers predictable coverage across defined areas of interest, enabling teams to monitor change over time rather than react to individual collection events. Embedded analytics surface meaningful change signals, helping reduce analyst overhead and support faster, more confident decisions across defense, intelligence, civil government, and commercial use cases. Aleph Observer positions Satellogic to lead the emerging Persistent Global Intelligence category by addressing the operational constraints that have historically limited sustained monitoring at scale. This is made possible by three reinforcing advantages of Satellogic: Constellation Scale and Satellite Capacity: The largest active constellation of high-resolution satellites, engineered for maximum daily collection throughput, enables systematic monitoring rather than episodic tasking. Industry-Leading Unit Economics: The lowest cost structure in Earth Observation, by orders of magnitude, making continuous, large-scale awareness economically achievable. Vertically Integrated, Capex-Efficient Scalability: End-to-end control over satellite design, manufacturing, and deployment enables a fast and scalable constellation expansion to match demand. Together, these advantages allow Aleph Observer to deliver monitoring at a scale and predictability that has historically been difficult to achieve. A New Baseline for Government and Enterprise Monitoring: For defense and intelligence organizations, Aleph Observer supports sustained visibility across priority locations without the need for constant re-tasking. For civil agencies, it enables scalable oversight of infrastructure, borders, and environmental assets. For commercial operators, it provides ongoing awareness across distributed facilities, supply chains, and development sites. Annuncio • Jan 29
High Earth Orbit Robotics Pty Ltd acquired NewSat-34 (Amelia Earhart) satellite from Satellogic Inc. (NasdaqCM:SATL). High Earth Orbit Robotics Pty Ltd acquired NewSat-34 (Amelia Earhart) satellite from Satellogic Inc. (NasdaqCM:SATL) on January 27, 2026. The satellite is already in orbit and actively collecting data, providing HEO with immediate operational capacity, renamed as Continuum-1. The Continuum-1 satellite, previously known as NewSat-34 (Amelia Earhart), will continue operations from its current orbit as HEO transitions control and begins its new mission supporting Australia's growing space sector. Satellogic will continue providing operational support for Continuum-1, leveraging their expertise in satellite operations while HEO maintains ownership and control of the satellite.
High Earth Orbit Robotics Pty Ltd completed the acquisition of NewSat-34 (Amelia Earhart) satellite from Satellogic Inc. (NasdaqCM:SATL) on January 27, 2026. Annuncio • Jan 28
Satellogic Inc. has completed a Follow-on Equity Offering in the amount of $35.000004 million. Satellogic Inc. has completed a Follow-on Equity Offering in the amount of $35.000004 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 7,399,578
Price\Range: $4.73
Discount Per Security: $0.24
Transaction Features: Registered Direct Offering New Risk • Dec 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$57m). Earnings have declined by 7.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: US$0.037 (vs US$0.13 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.037 (up from US$0.13 loss in 3Q 2024). Revenue: US$3.63m (up 29% from 3Q 2024). Net income: US$3.97m (up US$16.1m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year whereas the company’s share price has fallen by 31% per year. Annuncio • Nov 04
Satellogic Inc. Appoints Jeff Kerridge as Senior Vice President of Global Sales Satellogic Inc. announced the appointment of Jeff Kerridge as Senior Vice President of Global Sales. A seasoned executive with more than 35 years of experience across the geospatial, defense and intelligence (D&I) sectors, Kerridge will lead Satellogic’s worldwide sales strategy and customer growth initiatives as the company enters a new phase of global expansion. Throughout his distinguished career, Kerridge has built and led high-performing sales organizations and secured landmark contracts that have shaped the modern commercial geospatial industry. He played a pivotal role in the evolution of EarthWatch into Maxar Intelligence (now Vantor), where he served as Senior Vice President and General Manager of International Sales, leading a team that generated more than $1 billion in revenue over seven years. Under his leadership, Maxar secured key strategic partnerships with U.S. allies and international governments.Kerridge’s extensive background also includes senior roles with BlackSky and Aireon LLC, as well as over a decade tenure with the Central Intelligence Agency (CIA). His deep understanding of the global D&I landscape uniquely positions him to advance Satellogic’s mission of democratizing access to high-quality, real-time Earth imagery. Annuncio • Oct 23
Satellogic Inc., Annual General Meeting, Dec 08, 2025 Satellogic Inc., Annual General Meeting, Dec 08, 2025. New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$68m). Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.9m sold). Annuncio • Oct 14
Satellogic Launches Very-High Resolution NextGen Satellite Platform for Sovereign, Ai-First Earth Observation Missions Satellogic Inc. confirmed the launch of its newest very high-resolution satellite platform, marking a major milestone in the company's next phase of growth. Designed to meet global demand for sovereign space capabilities, NextGen builds on the company's proven NewSat architecture, backed by more than a decade of flight heritage and over 50 successful satellite launches. Featuring a non-ITAR design, 30 centimeter class resolution across all visible and multispectral bands, as well as AI-enabled analytics processed directly on orbit, NextGen's system represents a significant advancement in autonomous Earth observation. By moving analytics closer to the sensor, the platform allows governments and operators to detect changes on the ground in near real time and act on emerging threats or opportunities without delay. NextGen is already under agreement for delivery, with the first satellite expected to be operational in 2027. NextGen will augment Satellogic's vertically integrated constellation, supported by the Aleph platform forasking, access, and delivery. Users can request and receive high or very-high-resolution imagery and AI-generated insights through Aleph's secure cloud-based tools, APIs, or direct-to-cloud options. This low-latency delivery model significantly reduces the time from collection to decision. To ensure global accessibility, NextGen is non-ITAR by design, export-ready,all allowing for greater international collaboration, regional production, and customized integration with national space programs including technology and knowledge transfer. It supports Satellogic's growing portfolio of technology transfer and co-development initiatives around the world. With this announcement, Satellogic deepens its commitment to enabling partners to build and operate sovereign constellation, gain independent control over their observation capabilities, and shape the future of real-time, AI-driven Earth intelligence. Recent Insider Transactions Derivative • Oct 09
Founder notifies of intention to sell stock Emiliano Kargieman intends to sell 86k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of October. If the sale is conducted around the recent share price of US$3.63, it would amount to US$311k. Since March 2025, Emiliano's direct individual holding has decreased from 13.58m shares to 12.60m. Company insiders have collectively sold US$4.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 02
Chief Financial Officer recently sold US$86k worth of stock On the 24th of September, Richard Dunn sold around 23k shares on-market at roughly US$3.80 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.6m. Richard has been a net seller over the last 12 months, reducing personal holdings by US$676k. Recent Insider Transactions Derivative • Sep 11
Founder notifies of intention to sell stock Emiliano Kargieman intends to sell 81k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of September. If the sale is conducted around the recent share price of US$3.77, it would amount to US$305k. Since March 2025, Emiliano's direct individual holding has decreased from 13.58m shares to 13.39m. Company insiders have collectively sold US$731k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 29
Founder recently sold US$331k worth of stock On the 27th of August, Emiliano Kargieman sold around 88k shares on-market at roughly US$3.75 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Emiliano's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 27
Founder notifies of intention to sell stock Emiliano Kargieman intends to sell 73k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of August. If the sale is conducted around the recent share price of US$3.75, it would amount to US$274k. Since March 2025, Emiliano has owned 13.58m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. New Risk • Aug 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$25m free cash flow). Negative equity (-US$68m). Earnings have declined by 7.5% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions Derivative • May 18
Chief Financial Officer notifies of intention to sell stock Richard Dunn intends to sell 73k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of May. If the sale is conducted around the recent share price of US$4.12, it would amount to US$300k. As of today, Richard currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • May 15
First quarter 2025 earnings released: US$0.34 loss per share (vs US$0.17 loss in 1Q 2024) First quarter 2025 results: US$0.34 loss per share (further deteriorated from US$0.17 loss in 1Q 2024). Revenue: US$3.39m (up 1.8% from 1Q 2024). Net loss: US$32.6m (loss widened 115% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Kelly Kennedy was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 124% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$53m). Earnings have declined by 4.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$53m). Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Annuncio • Apr 17
Satellogic Inc. has completed a Follow-on Equity Offering in the amount of $19.999997 million. Satellogic Inc. has completed a Follow-on Equity Offering in the amount of $19.999997 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 6,451,612
Price\Range: $3.1
Discount Per Security: $0.124
Transaction Features: Registered Direct Offering Annuncio • Apr 15
Satellogic Inc. has filed a Follow-on Equity Offering in the amount of $19.999997 million. Satellogic Inc. has filed a Follow-on Equity Offering in the amount of $19.999997 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 6,451,612
Price\Range: $3.1
Discount Per Security: $0.124
Transaction Features: Registered Direct Offering 
