Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 34,181 $ 165,586
Restricted cash 2,835 2,518
Short-term investments 37,982 0
Accounts receivable, net of allowance of $0 and $39, respectively 3,112 2,629
Prepaid expenses and other current assets 4,713 6,264
Contract assets 5,706 1,678
Total current assets 88,529 178,675
Property and equipment - net 71,584 70,551
Operating lease right of use assets - net 3,586 0
Goodwill 9,393 9,393
Investment in equity method investees 5,285 4,002
Intangible assets - net 1,918 2,480
Satellite procurement work in process 50,954 40,102
Other assets 2,841 560
Total assets 234,090 305,763
Current liabilities:    
Accounts payable and accrued liabilities 14,368 10,837
Amounts payable to equity method investees 3,728 5,613
Contract liabilities - current 6,783 11,266
Other current liabilities 2,048 2,819
Total current liabilities 26,927 30,535
Liability for estimated contract losses 714 6,054
Long-term contract liabilities 109 568
Operating lease liabilities 3,132 0
Derivative liabilities 5,113 16,925
Long-term debt - net of current portion 76,219 71,408
Other liabilities 2 653
Total liabilities 112,216 126,143
Commitments and contingencies (Note 24)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 121,938 and 117,160 shares; outstanding, 119,508 shares and 114,452 shares as of December 31, 2022 and 2021, respectively. 12 11
Additional paid-in capital 666,973 650,518
Accumulated deficit (545,111) (470,909)
Total stockholders’ equity 121,874 179,620
Total liabilities and stockholders’ equity 234,090 305,763
Operating lease right of use assets - net $ 3,586 $ 0