2024-04-23 09:01:40 ET
Summary
- Satellogic stock has seen a significant decline since December 2023 due to slower revenue growth and delays in completing its satellite constellation.
- The company requires a large amount of additional capital expenditure to achieve daily remapping capabilities, which is currently out of reach.
- Satellogic is pivoting towards US government contracts, but it remains uncertain whether this new strategy will lead to significant growth.
...
Read the full article on Seeking Alpha
For further details see:
Satellogic Stock: Unattractive On business Pivot Uncertainty And Continued Cash Burn