Tailwind Two Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Summary of revenue and loss from operations by segment

The following table presents revenue by segment and a reconciliation to consolidated revenue for the periods presented:


	Three Months Ended March 31,
(in thousands)	2022		2021
Satellite Solutions	$	12,974	$	10,494
Earth Observation Solutions		146		—
Revenue	$	13,120	$	10,494

The following table presents loss from operations by segment for the periods presented:


	Three Months Ended March 31,
(in thousands)	2022			2021
Satellite Solutions	$	(6,048	)	$	(980	)
Earth Observation Solutions		(660	)		(912	)
Loss from operations by segment	$	(6,708	)	$	(1,892	)

Summary of reconciliation of loss from operations by segment to consolidated loss from operations and net loss

The following table presents a reconciliation of loss from operations by segment to consolidated loss from operations and net loss for the periods presented:


	Three Months Ended March 31,
(in thousands)	2022			2021
Loss from operations by segment	$	(6,708	)	$	(1,892	)
Corporate and other		(9,007	)		(3,853	)
Share-based compensation expense		(17,335	)		(168	)
Loss from operations		(33,050	)		(5,913	)
Interest expense, net		2,923			907
Loss on extinguishment of debt		23,141			70,667
Change in fair value of warrant and derivative liabilities		11,853			(34	)
Other expense		403			15
Loss before income taxes		(71,370	)		(77,468	)
Provision for income taxes		2			28
Net loss	$	(71,372	)	$	(77,496	)