v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,159 $ 32,815
Restricted cash 1,147 619
Short-term investments 7,090 19,697
Accounts Receivable 10,284 7,071
Prepaid Expense and Other Assets, Current 5,086 3,916
Contract assets 26,736 15,213
Total current assets 106,502 79,331
Property and equipment - net 46,945 67,116
Operating lease right of use assets - net 2,559 1,630
Goodwill 9,393 9,393
Intangible assets - net 936 1,357
Satellite procurement work in process 76,504 55,976
Other assets 2,616 9,263
Total assets 245,455 224,066
Current liabilities:    
Accounts payable and accrued liabilities 12,683 11,573
Contract liabilities - current 4,224 3,670
Debt, Current 324 0
Other current liabilities 1,523 1,405
Total current liabilities 18,754 27,491
Operating lease liabilities 7,043 3,041
Derivative liabilities 6,556 15,149
Long-term debt - net of current portion 98,427 83,502
Other liabilities 4,408 1,724
Total liabilities 135,188 130,907
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 30,779 and 18,154 shares; outstanding, 30,482 shares and 17,855 shares as of September 30, 2024 and December 31, 2023, respectively. 3 2
Additional paid-in capital 747,032 692,127
Accumulated deficit (636,768) (598,970)
Total stockholders’ equity 110,267 93,159
Total liabilities and stockholders’ equity $ 245,455 $ 224,066
Common stock, shares issued (in shares) 30,779 18,154
Related Party    
Current assets:    
Accounts Receivable $ 0 $ 0
Current liabilities:    
Accounts payable 0 10,843
Other current liabilities $ 900 $ 300

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