Risk Factors Update Summary

• Generated net losses of $140.5 million, $162.0 million, and $137.1 million for fiscal years ended January 31, 2024, 2023, and 2022, respectively.
• Increased control over export of hardware and software, subject to U.S. and international laws.
• Importance of maintaining facility security clearances for classified U.S. government contracts.
• Accumulated deficit increased from $939 million to $1.079 billion as of January 31, 2024.
• Failure to attract, retain customers, or introduce new products could harm business, financial condition, and results of operations.
• Potential delays in obtaining export licenses, up to three months or longer, impacting sales opportunities.
• Need for additional regulatory approvals for satellite launches, potential delays impacting business operations.
• Impact of international trade controls and economic sanctions on ability to compete and potential liabilities.
• Increased expenses associated with activities like platform development and satellite operations could negatively affect future results.
• Increased competition from government entities launching imagery satellites could materially adversely affect financial condition and results of operations.
• FCC approvals required for satellite operations, with potential loss of authorization for non-compliance.
• Compliance with anti-corruption laws and regulations in international markets, potential legal and financial risks.
• Competition in satellite imagery markets intensified, affecting business, financial condition, and results of operations.
• Dependence on resellers and partnerships for revenue poses risks if they fail to market or sell products.