| Summary of revenue, Income (loss) and depreciation and amortization included in income (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 June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
20,889 |
|
|
$ |
9,409 |
|
|
$ |
33,863 |
|
|
$ |
19,903 |
|
Earth Observation Solutions |
|
|
475 |
|
|
|
- |
|
|
|
621 |
|
|
|
- |
|
Revenue |
|
$ |
21,364 |
|
|
$ |
9,409 |
|
|
$ |
34,484 |
|
|
$ |
19,903 |
|
The following table presents income (loss) from operations by segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
(5,657 |
) |
|
$ |
1,533 |
|
|
$ |
(11,705 |
) |
|
$ |
553 |
|
Earth Observation Solutions |
|
|
(416 |
) |
|
|
(1,203 |
) |
|
|
(1,076 |
) |
|
|
(2,115 |
) |
(Loss) income from operations by segment |
|
$ |
(6,073 |
) |
|
$ |
330 |
|
|
$ |
(12,781 |
) |
|
$ |
(1,562 |
) |
The following table presents depreciation and amortization included in income (loss) from operations by segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
641 |
|
|
$ |
661 |
|
|
$ |
1,282 |
|
|
$ |
1,332 |
|
Earth Observation Solutions |
|
|
184 |
|
|
|
- |
|
|
|
368 |
|
|
|
- |
|
Depreciation and amortization by segment |
|
$ |
825 |
|
|
$ |
661 |
|
|
$ |
1,650 |
|
|
$ |
1,332 |
|
|
| Summary of reconciliation of income (loss) from operations by segment to consolidated income (loss) from operations and net Income (loss) |
The following table presents a reconciliation of income (loss) from operations by segment to consolidated income (loss) from operations and net income (loss) for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
(Loss) income from operations by segment |
|
$ |
(6,073 |
) |
|
$ |
330 |
|
|
$ |
(12,781 |
) |
|
$ |
(1,562 |
) |
Corporate and other |
|
|
(13,156 |
) |
|
|
(8,613 |
) |
|
|
(22,163 |
) |
|
|
(12,466 |
) |
Share-based compensation expense |
|
|
(13,815 |
) |
|
|
(186 |
) |
|
|
(31,150 |
) |
|
|
(354 |
) |
Loss from operations |
|
|
(33,044 |
) |
|
|
(8,469 |
) |
|
|
(66,094 |
) |
|
|
(14,382 |
) |
Interest expense, net |
|
|
6,937 |
|
|
|
2,637 |
|
|
|
9,860 |
|
|
|
3,544 |
|
(Gain) loss on extinguishment of debt |
|
|
- |
|
|
|
(2,565 |
) |
|
|
23,141 |
|
|
|
68,102 |
|
Change in fair value of warrant and derivative liabilities |
|
|
(8,177 |
) |
|
|
315 |
|
|
|
3,676 |
|
|
|
281 |
|
Other expense |
|
|
468 |
|
|
|
18 |
|
|
|
871 |
|
|
|
33 |
|
Loss before income taxes |
|
|
(32,272 |
) |
|
|
(8,874 |
) |
|
|
(103,642 |
) |
|
|
(86,342 |
) |
Provision for (benefit from) income taxes |
|
|
2 |
|
|
|
(6 |
) |
|
|
4 |
|
|
|
22 |
|
Net loss |
|
$ |
(32,274 |
) |
|
$ |
(8,868 |
) |
|
$ |
(103,646 |
) |
|
$ |
(86,364 |
) |
|