🟢 Satellogic is trading 8.57% up today after revenue surged 259% year over year

Satellogic is trading 8.57% up at $5.50 after investors continued reacting to August 5 earnings showing $15.9 million in second-quarter revenue, up 259% year over year, and first positive operating income and Adjusted EBITDA.

• Contracted backlog reached $80.7 million, alongside new sovereign-defense activity.
• These developments supported optimism about growth and future revenue visibility.
• The GAAP loss was driven largely by a $19.7 million non-cash financial-instrument charge.