Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,965 $ 32,815
Restricted cash 413 619
Short-term investments 20,428 19,697
Accounts Receivable 5,582 7,071
Prepaid Expense and Other Assets, Current 3,836 3,916
Contract assets 24,134 15,213
Total current assets 69,358 79,331
Property and equipment - net 59,883 67,116
Operating lease right of use assets - net 4,517 1,630
Goodwill 9,393 9,393
Intangible assets - net 1,216 1,357
Satellite procurement work in process 62,106 55,976
Other assets 3,640 9,263
Total assets 210,113 224,066
Current liabilities:    
Accounts payable and accrued liabilities 13,078 11,573
Contract liabilities - current 2,157 3,670
Debt, Current 304 0
Other current liabilities 1,560 1,405
Total current liabilities 17,263 27,491
Operating lease liabilities 6,997 3,041
Derivative liabilities 15,404 15,149
Long-term debt 84,695 83,502
Other liabilities 4,041 1,724
Total liabilities 128,400 130,907
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 146,821 and 145,232 shares; outstanding, 144,434 shares and 142,837 shares as of March 31, 2024 and December 31, 2023, respectively. 14 14
Additional paid-in capital 696,479 692,115
Accumulated deficit (614,780) (598,970)
Total stockholders’ equity 81,713 93,159
Total liabilities and stockholders’ equity 210,113 224,066
Related Party    
Current assets:    
Accounts Receivable 0 0
Current liabilities:    
Accounts payable 164 10,843
Other current liabilities $ 900 $ 300