Strong International Growth
85% of the $350 million funded backlog is from international customers, indicating significant international demand for Gen-3 services.
Successful Debt Refinancing
Raised $185 million in an upsized convertible note offering, which improved liquidity and strengthened the balance sheet.
Gen-3 Satellite Advancements
Launched and commissioned the second Gen-3 satellite, which began delivering high-resolution imagery within 12 hours, setting a new industry standard.
Multimillion-Dollar Contract Wins
Secured a multiyear contract with a major international defense customer and a Latin American Defense and Intelligence Agency.