Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net (Tables)

v3.23.1
Property and Equipment, net (Tables)
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

2023

 

 

2022

 

Satellites in-service

 

$

51,207

 

 

$

49,889

 

Internally developed software

 

 

2,127

 

 

 

2,119

 

Ground stations in-service

 

 

3,370

 

 

 

3,369

 

Leasehold improvements

 

 

4,315

 

 

 

4,175

 

Machinery and equipment

 

 

3,987

 

 

 

3,585

 

Computer equipment

 

 

2,032

 

 

 

1,985

 

Computer software and website development

 

 

99

 

 

 

99

 

Furniture and fixtures

 

 

1,214

 

 

 

1,156

 

 

 

68,351

 

 

 

66,377

 

Less: Accumulated depreciation and amortization

 

 

(32,309

)

 

 

(32,974

)

 

 

36,042

 

 

 

33,403

 

Satellite, launch and ground station work in progress

 

 

19,088

 

 

 

15,364

 

Finished satellites not in-service

 

 

3,017

 

 

 

4,985

 

Property and equipment, net

 

$

58,147

 

 

$

53,752