LA PLATA, Maryland — Earth observation constellation operator Satellogic, facing unexpected market headwinds, is cutting staff and other non-essential costs and delaying the entry into service of its high-throughput satellite manufacturing plant in the Netherlands to preserve cash.
The company said its full-year 2022 revenue, which it had expected in April would be $37 million and growing to $240 million in 2024, will now be around $7 million, growing to $40 million in 2023 and $90 million in 2024.
Founder and Chief Executive . . .
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