Satellogic (NASDAQ:SATL) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Satellogic (NASDAQ:SATL) issued its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16, FiscalAI reports. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. The company had revenue of $16.04 million during the quarter, compared to the consensus estimate of $12.44 million.

Here are the key takeaways from Satellogic’s conference call:

• Record growth and improving profitability: Third-quarter revenue rose 342% year over year to $16 million, and adjusted EBITDA was positive for a second consecutive quarter at $1.2 million.
• Sovereign satellite demand is translating into contracts: Satellogic signed a post-quarter $37 million agreement for three satellites, bringing announced 2026 sovereign satellite contracts to approximately $67 million; the new deal is expected to enter RPO in the fourth quarter.
• Merlin is in orbit, but revenue contribution is still ahead: Merlin.01 launched on schedule and commissioning is progressing as planned; the company expects service to become operational in the second half of 2027, with most impact expected from 2028 onward.
• Palantir agreement renewal remains uncertain: The current agreement expires in November, and Satellogic said extension discussions are ongoing; lower non-cash revenue under the agreement contributed to a modest sequential decline in Data and Analytics revenue.
• Cash flow remains a challenge: Free cash flow was negative $11.7 million in the quarter, reflecting $5.5 million of adjusted operating cash use and $6.2 million of capital expenditures, while management continues to target positive free cash flow.

Satellogic Stock Up 3.5%

SATL traded up $0.14 during midday trading on Wednesday, reaching $4.04. 4,666,056 shares of the company were exchanged, compared to its average volume of 8,157,319. The company has a market cap of $620.34 million, a price-to-earnings ratio of -4.96 and a beta of 1.49. Satellogic has a one year low of $1.25 and a one year high of $12.00. The company’s fifty day moving average price is $4.60 and its 200 day moving average price is $5.26. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34.

Satellogic News Summary

Investors following SATL have been watching these news items:

• Neutral Sentiment: EPS reports conflict: MarketBeat reported $0.14 per share, while Zacks reported a $0.03 loss per share versus expectations for a $0.01 loss. Investors may focus on the stronger revenue and adjusted EBITDA, but the conflicting bottom-line figures add uncertainty. Zacks Q3 results report
• Neutral Sentiment: Cantor Fitzgerald cut its price target from $9 to $7 but kept an “overweight” rating, leaving the analyst’s view positive while signaling reduced expectations. Cantor Fitzgerald ratings
• Negative Sentiment: Reported insider transactions include the sale of 10 million shares by Liberty 77 Capital and about 87,000 shares by Satellogic’s chief technology officer. Such sales can raise investor concerns about insider confidence, though they do not necessarily indicate a change in business prospects. Quiver earnings and trading report

Analyst Upgrades and Downgrades

A number of brokerages have commented on SATL. Cantor Fitzgerald decreased their price objective on Satellogic from $9.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, November 4th. Wall Street Zen downgraded shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Zacks Research lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Roth Capital restated a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Satellogic Company Profile

Satellogic is a space technology company that designs, manufactures and operates Earth-observation satellites. It provides satellite imagery and geospatial data products to customers seeking information about conditions and changes on the ground. The company’s services include imagery and monitoring solutions for applications such as agriculture, forestry, energy, infrastructure and government operations. Satellogic also offers access to satellite data and imaging capacity for organizations that need tailored Earth-observation capabilities.