Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,748 $ 13,056
Restricted cash 1,153 1,322
Short-term investments 55,076 39,406
Accounts Receivable 7,926 14,701
Contract assets 32,431 27,852
Inventories 0 6,043
Prepaid Expense and Other Assets, Current 4,005 4,356
Total current assets 121,339 106,736
Property and equipment - net 60,617 45,613
Operating lease right of use assets - net 3,873 4,029
Goodwill 10,303 10,260
Intangible assets - net 5,238 5,446
Satellite work in process 75,576 80,601
Other assets 7,919 1,461
Total assets 284,865 254,146
Current liabilities:    
Accounts payable and accrued liabilities 13,042 20,419
Contract liabilities - current 12,573 2,183
Debt, Current 3,750 1,927
Other current liabilities 2,639 1,493
Total current liabilities 32,004 26,022
Operating lease liabilities 7,877 8,048
Derivative liabilities 16,063 17,964
Deferred revenue - long-term 24,000 0
Long-term debt - net of current portion 111,598 105,736
Other liabilities 4,474 2,387
Total liabilities 196,016 160,157
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 31,653 and 30,960 shares; outstanding, 31,356 shares and 30,663 shares as of March 31, 2025 and December 31, 2024, respectively. 3 3
Additional paid-in capital 757,847 750,174
Accumulated deficit (669,001) (656,188)
Total stockholders’ equity 88,849 93,989
Total liabilities and stockholders’ equity $ 284,865 $ 254,146
Common stock, shares issued (in shares) 31,653 30,960
Common stock shares outstanding (in shares) 31,356 30,663
Related Party    
Current liabilities:    
Other current liabilities $ 1,000 $ 400