Gen Three Satellite Performance
The new Gen three satellite is exceeding expectations with very high-resolution imagery, achieving near six quality, a commercial first for a satellite of its size and cost.
Contract Wins and Backlog Growth
Awarded over $130 million in new contracts, driving a 50% year-over-year backlog growth to $366 million, indicating strong demand for space-based intelligence solutions.
Revenue Growth
Achieved a 22% year-over-year increase in revenue, primarily driven by new contract awards and professional services.
Financial Liquidity and Outlook
Increased liquidity position by 51% from the prior year, with a total liquidity position of over $136 million, maintaining full-year 2025 revenue guidance between $125 and $142 million.
AI Capabilities and Customer Response
Demonstrated advanced AI capabilities by automatically detecting and classifying over 25,000 individual vehicles and 700 maritime vessels in minutes, with positive customer feedback.