TUPPER LAKE, NY — Geospatial satellite imagery provider Satellogic reported a doubling of revenue in the six months ending June 30, but also a continued sizable operating loss, and remained far short of what it needs to fund its business and reach break-even.
The company said its $30 million loan, which was secured in April and resulted in a net $27.6 million in proceeds, is not enough to fund the business for the next 12 months. It is seeking further debt and equity options, as well as possible strategic transactions . . .
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