For the quarter ending 2026-03-31, SATL had $27,111K increase in cash & cash equivalents over the period. -$5,392K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Service revenue | 6,107 | 6,247 | 3,633 | - |
| Cost of revenue exclusive of depreciation | 1,451 | 1,279 | 1,171 | - |
| Engineering | 3,080 | 2,926 | 2,629 | - |
| Selling, general and administrative expenses | 6,545 | 7,476 | 6,413 | - |
| Other segment items | 113,333 | -35,917 | -10,547 | - |
| Net loss | -118,302 | 30,483 | 3,967 | -39,233 |
| Depreciation expense | 1,392 | 1,703 | 1,502 | 4,535 |
| Other, net | - | -296 | 0 | 0 |
| Debt issuance costs | - | 0 | 0 | 0 |
| Operating lease expense | 511 | 676 | 413 | 821 |
| Stock-based compensation | 735 | 1,436 | 1,653 | 1,171 |
| Change in fair value of financial instruments, net of interest paid on secured convertible notes | -111,521 | 36,661 | 13,524 | -21,003 |
| Expense for estimated credit losses on accounts receivable, net of recoveries | - | - | -11 | -49 |
| Equity in net (income) loss of affiliate | - | -13 | 21 | 0 |
| Foreign exchange differences | 43 | 3 | -89 | 191 |
| Loss on disposal of property and equipment | -182 | -220 | -303 | -168 |
| Release of estimated credit losses on accounts receivable | -32 | -38 | - | - |
| Non-cash change in contract liabilities | 14 | -95 | -13 | -249 |
| Accounts receivable | -5,716 | 6,004 | 1,554 | -1,534 |
| Inventories | 270 | 723 | - | - |
| Prepaid expenses and other current assets | 976 | 154 | -757 | -1,251 |
| Accounts payable | 907 | -52 | -939 | -536 |
| Contract liabilities | -872 | 6,599 | 1,651 | 746 |
| Accrued expenses and other liabilities | 36 | -6,573 | -2,139 | 513 |
| Operating lease liabilities | -361 | -634 | -505 | -548 |
| Net cash provided by (used in) operating activities | 158 | -9,451 | -8,371 | -9,064 |
| Purchases of property and equipment | 5,550 | 3,349 | 1,338 | 2,689 |
| Other | - | 0 | 0 | 0 |
| Net cash used in investing activities | -5,550 | -3,349 | -1,338 | -2,689 |
| Proceeds from secured convertible notes | - | 0 | 0 | 0 |
| Proceeds from issuance stock-Public Offering | - | 84,908 | - | - |
| Payments of debt issuance costs | - | 0 | 0 | 0 |
| Payments for withholding taxes related to the net share settlement of equity awards | 303 | 179 | 327 | 653 |
| Proceeds from issuance stock-At The Market Program | 0 | 788 | 5,409 | 2,039 |
| Proceeds from issuance stock-PIPEInvestment | - | 0 | - | - |
| Proceeds from exercise of public warrants | - | 0 | - | - |
| Proceeds from issuance stock-Registered Direct Offering | 32,801 | 0 | 0 | 18,769 |
| Proceeds from exercise of stock options | 5 | 14 | 470 | 1,275 |
| Net cash provided by financing activities | 32,503 | 85,531 | 5,552 | 21,430 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 27,111 | 72,731 | -4,157 | 9,677 |
| Effect of foreign exchange rate changes on cash and cash equivalents | -2 | 11 | 148 | - |
| Cash, cash equivalents and restricted cash - beginning of period | 102,092 | 29,350 | 23,682 | - |
| Cash, cash equivalents and restricted cash - end of period | 129,201 | 102,092 | 29,350 | - |