v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 32,138 $ 34,181
Restricted cash 1,835 2,835
Short-term investments 17,543 37,982
Accounts receivable, net of allowance of $19 and $0, respectively 2,714 3,112
Amounts receivable from equity method investees 1,146 0
Prepaid expenses and other current assets 5,375 4,713
Contract assets 9,944 5,706
Total current assets 70,695 88,529
Property and equipment - net 74,555 71,584
Operating lease right of use assets - net 1,760 3,586
Goodwill 9,393 9,393
Investment in equity method investees 6,197 5,285
Intangible assets - net 1,497 1,918
Satellite procurement work in process 45,409 50,954
Other assets 3,288 2,841
Total assets 212,794 234,090
Current liabilities:    
Accounts payable and accrued liabilities 10,520 14,368
Contract liabilities - current 6,621 6,783
Other current liabilities 1,527 2,048
Total current liabilities 18,668 26,927
Long-term contract liabilities 96 109
Operating lease liabilities 3,320 3,132
Derivative liabilities 15,383 5,113
Long-term debt - net of current portion 79,474 76,219
Other liabilities 3,718 716
Total liabilities 120,659 112,216
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 142,946 and 121,938 shares; outstanding, 140,543 shares and 119,508 shares as of September 30, 2023 and December 31, 2022, respectively. 14 12
Additional paid-in capital 687,303 666,973
Accumulated deficit (595,182) (545,111)
Total stockholders’ equity 92,135 121,874
Total liabilities and stockholders’ equity 212,794 234,090
Related Party    
Current liabilities:    
Accounts payable 0 $ 3,728
Other current liabilities $ 800  

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