Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,552 $ 32,815
Restricted cash 1,097 619
Short-term investments 15,680 19,697
Accounts Receivable 8,218 7,071
Prepaid Expense and Other Assets, Current 3,736 3,916
Contract assets 28,166 15,213
Total current assets 82,449 79,331
Property and equipment - net 52,479 67,116
Operating lease right of use assets - net 4,220 1,630
Goodwill 9,393 9,393
Intangible assets - net 1,076 1,357
Satellite procurement work in process 71,716 55,976
Other assets 2,963 9,263
Total assets 224,296 224,066
Current liabilities:    
Accounts payable and accrued liabilities 11,480 11,573
Contract liabilities - current 4,580 3,670
Debt, Current 309 0
Other current liabilities 933 1,405
Total current liabilities 19,680 27,491
Operating lease liabilities 6,868 3,041
Derivative liabilities 10,130 15,149
Long-term debt - net of current portion 108,273 83,502
Other liabilities 2,814 1,724
Total liabilities 147,765 130,907
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 148,910 and 145,232 shares; outstanding, 146,530 shares and 142,837 shares as of June 30, 2024 and December 31, 2023, respectively. 15 14
Additional paid-in capital 700,693 692,115
Accumulated deficit (624,177) (598,970)
Total stockholders’ equity 76,531 93,159
Total liabilities and stockholders’ equity 224,296 224,066
Related Party    
Current assets:    
Accounts Receivable 0 0
Current liabilities:    
Accounts payable 2,378 10,843
Other current liabilities $ 400 $ 300