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Astra Space | 10-K: Annual report

SEC announcement ·  Apr 18 13:03
Summary by Moomoo AI
Astra Space, Inc. (Astra) has not provided a traditional financial performance report for the year, thus no specific revenue, operating profit, net profit, or diluted earnings per share data are available for summary. However, the company has made significant strides in its business development, particularly in the cybersecurity and property sectors. Astra has committed to industry best practices in cybersecurity, supported by management and the Board of Directors, including the Audit Committee. The company's cybersecurity program is designed to protect its information systems and has been informed by the Department of Defense's Cybersecurity Maturity Model Certification initiative. In terms of property, Astra has expanded its operations with a new long-term lease for its Alameda facility and a...Show More
Astra Space, Inc. (Astra) has not provided a traditional financial performance report for the year, thus no specific revenue, operating profit, net profit, or diluted earnings per share data are available for summary. However, the company has made significant strides in its business development, particularly in the cybersecurity and property sectors. Astra has committed to industry best practices in cybersecurity, supported by management and the Board of Directors, including the Audit Committee. The company's cybersecurity program is designed to protect its information systems and has been informed by the Department of Defense's Cybersecurity Maturity Model Certification initiative. In terms of property, Astra has expanded its operations with a new long-term lease for its Alameda facility and a new lease for a research, development, and manufacturing facility in Sunnyvale, California. These facilities support Astra's Launch Services business and executive functions. The company also leases a testing facility in Atwater, California. Astra's future plans include focusing on the development and production of the next version of its launch system and expanding its Space Products business, with deliveries of Astra Spacecraft Engines already underway. The company's future success is tied to several factors, including the ability to commence and expand commercial operations, lower manufacturing costs, increase payloads, and leverage core technologies.

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