Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.24.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 32,815 $ 34,181
Restricted cash 619 2,835
Short-term investments 19,697 37,982
Accounts Receivable 7,071 3,112
Prepaid Expense and Other Assets, Current 3,916 4,713
Contract assets 15,213 5,706
Total current assets 79,331 88,529
Property and equipment - net 67,116 71,584
Operating lease right of use assets - net 1,630 3,586
Goodwill 9,393 9,393
Investment in equity method investees 0 5,285
Intangible assets - net 1,357 1,918
Satellite procurement work in process 55,976 50,954
Other assets 9,263 2,841
Total assets 224,066 234,090
Current liabilities:    
Accounts payable and accrued liabilities 11,573 14,368
Contract liabilities - current 3,670 6,783
Other current liabilities 1,405 2,048
Total current liabilities 27,491 26,927
Operating lease liabilities 3,041 3,132
Derivative liabilities 15,149 5,113
Long-term debt 83,502 76,219
Other liabilities 1,724 825
Total liabilities 130,907 112,216
Commitments and contingencies (Note 22)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 145,232 and 121,938 shares; outstanding, 142,837 shares and 119,508 shares as of December 31, 2023 and 2022, respectively. 14 12
Additional paid-in capital 692,115 666,973
Accumulated deficit (598,970) (545,111)
Total stockholders’ equity 93,159 121,874
Total liabilities and stockholders’ equity 224,066 234,090
Related Party    
Current assets:    
Accounts Receivable 0 0
Current liabilities:    
Accounts payable 10,843 $ 3,728
Other current liabilities $ 300