v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,056 $ 32,815
Restricted cash 1,322 619
Short-term investments 39,406 19,697
Accounts Receivable 14,701 7,071
Contract assets 27,852 15,213
Inventories 6,043 0
Prepaid Expense and Other Assets, Current 4,356 3,916
Total current assets 106,736 79,331
Property and equipment - net 45,613 67,116
Operating lease right of use assets - net 4,029 1,630
Goodwill 10,260 9,393
Intangible assets - net 5,446 1,357
Satellite work in process 80,601 55,976
Other assets 1,461 9,263
Total assets 254,146 224,066
Current liabilities:    
Accounts payable and accrued liabilities 20,419 11,573
Contract liabilities - current 2,183 3,670
Debt, Current 1,927 0
Other current liabilities 1,493 1,405
Total current liabilities 26,022 27,491
Operating lease liabilities 8,048 3,041
Derivative liabilities 17,964 15,149
Long-term debt - net of current portion 105,736 83,502
Other liabilities 2,387 1,724
Total liabilities 160,157 130,907
Commitments and contingencies (Note 23)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 30,960 and 18,154 shares; outstanding, 30,663 shares and 17,855 shares as of December 31, 2024 and 2023, respectively. 3 2
Additional paid-in capital 750,174 692,127
Accumulated deficit (656,188) (598,970)
Total stockholders’ equity 93,989 93,159
Total liabilities and stockholders’ equity $ 254,146 $ 224,066
Common stock, shares issued (in shares) 30,960 18,154
Related Party    
Current liabilities:    
Accounts payable $ 0 $ 10,843
Other current liabilities $ 400 $ 300

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