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 September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
27,286 |
|
|
$ |
10,230 |
|
|
$ |
61,149 |
|
|
$ |
30,133 |
|
Earth Observation Solutions |
|
|
544 |
|
|
|
25 |
|
|
|
1,165 |
|
|
|
25 |
|
Revenue |
|
$ |
27,830 |
|
|
$ |
10,255 |
|
|
$ |
62,314 |
|
|
$ |
30,158 |
|
The following table presents income (loss) from operations by segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
(6,124 |
) |
|
$ |
(792 |
) |
|
$ |
(17,829 |
) |
|
$ |
(239 |
) |
Earth Observation Solutions |
|
|
(490 |
) |
|
|
(846 |
) |
|
|
(1,566 |
) |
|
|
(2,961 |
) |
Loss from operations by segment |
|
$ |
(6,614 |
) |
|
$ |
(1,638 |
) |
|
$ |
(19,395 |
) |
|
$ |
(3,200 |
) |
The following table presents depreciation and amortization included in income (loss) from operations by segment for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Satellite Solutions |
|
$ |
680 |
|
|
$ |
877 |
|
|
$ |
1,962 |
|
|
$ |
2,209 |
|
Earth Observation Solutions |
|
|
184 |
|
|
|
- |
|
|
|
552 |
|
|
|
- |
|
Depreciation and amortization by segment |
|
$ |
864 |
|
|
$ |
877 |
|
|
$ |
2,514 |
|
|
$ |
2,209 |
|
|
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 September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Loss from operations by segment |
|
$ |
(6,614 |
) |
|
$ |
(1,638 |
) |
|
$ |
(19,395 |
) |
|
$ |
(3,200 |
) |
Corporate and other |
|
|
(8,841 |
) |
|
|
(8,130 |
) |
|
|
(31,004 |
) |
|
|
(20,596 |
) |
Share-based compensation expense |
|
|
(9,204 |
) |
|
|
(177 |
) |
|
|
(40,354 |
) |
|
|
(531 |
) |
Loss from operations |
|
|
(24,659 |
) |
|
|
(9,945 |
) |
|
|
(90,753 |
) |
|
|
(24,327 |
) |
Interest expense, net |
|
|
7,147 |
|
|
|
2,630 |
|
|
|
17,007 |
|
|
|
6,174 |
|
Loss on extinguishment of debt |
|
|
- |
|
|
|
- |
|
|
|
23,141 |
|
|
|
68,102 |
|
Change in fair value of warrant and derivative liabilities |
|
|
(6,001 |
) |
|
|
(205 |
) |
|
|
(2,325 |
) |
|
|
76 |
|
Other expense (income) |
|
|
1,496 |
|
|
|
(5 |
) |
|
|
2,367 |
|
|
|
28 |
|
Loss before income taxes |
|
|
(27,301 |
) |
|
|
(12,365 |
) |
|
|
(130,943 |
) |
|
|
(98,707 |
) |
Provision for income taxes |
|
|
54 |
|
|
|
- |
|
|
|
58 |
|
|
|
22 |
|
Net loss |
|
$ |
(27,355 |
) |
|
$ |
(12,365 |
) |
|
$ |
(131,001 |
) |
|
$ |
(98,729 |
) |
|