BUZZ-Satellogic shares surge on strong third-quarter results

November 11 - ** Geospatial intelligence company Satellogic SATL.O surged 20.7% premarket to $4.70

** If the rally holds, SATL is set for its biggest single-day gain since June this year

** According to data compiled by London Stock Exchange Group (LSEG), the company reported record third-quarter revenue of $16 million, an increase of 342% year-over-year, surpassing analysts' expectations of $12.57 million

** SATL posted third-quarter adjusted EBITDA of $1.17 million, reversing a loss of $4.93 million a year earlier and beating analysts’ expectations for an EBITDA loss of $1.04 million

** The company attributed this quarter’s strong results to growth in its data and analytics and space systems businesses

** All five brokerage firms covering the stock rated it "Buy"; the median target price is $9 — data compiled by LSEG

** As of the previous trading session’s close, SATL shares have more than doubled year to date

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