EquitiesLaunch

Astra Announces Q4 and FY2022 Losses

Astra reported significant financial setbacks in FY22, but brought in $9.4M in revenue. The launch company’s engine sales drove income as Rocket 4 nears launch test readiness.  

Astra’s Q4, by the numbers:

  • Revenue of $0.0M
  • GAAP net loss of $44.3M
  • Cash of $102.8M

Times of trouble: It’s been a tough year for Astra. Last week, the company outlined a plan to prevent Nasdaq from delisting its stock as the April 4 deadline nears and the price is still well below $1. If successful, this will buy Astra until Oct. 1 to raise its stock price. In November, Astra laid off 16 percent of its workforce to increase runway and decrease spending. 

Engine orders: Astra delivered its third engine program in 2022, which brought in $3.5M in contract value. The launch company also announced 278 engine orders through March 30, bringing in around $77M in contract value. 

Related Stories
LaunchMilitary

Pentagon Frets About ULA’s Vulcan Delays

“Currently there is military satellite capability sitting on the ground due to Vulcan delays.”

Launch

Rocket Lab Throws in the Towel on 2024 Neutron Launch

“The engine is the primary driver for the move,” CEO Peter Beck said.

LaunchPolicy

Biden Considers Taxes on Commercial Launchers

As the pace of space launch picks up, the Biden administration is reportedly looking at requiring space companies to pay taxes to help pay for the system that keeps their rockets safe.

LaunchState of the Space Industry 2024

The State of Launch

The state of the space launch industry is about much more than just rockets.