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ASTRA Astra Announces Second Quarter 2021 Financial Results August 12 , 2021 ALAMEDA , Calif .-- ( BUSINESS WIRE ) -- Aug . 12 , 2021-- Astra Space , Inc. ( Nasdaq : ASTR ) today announced financial results for its fiscal second quarter ended June 30 , 2021 . " Astra achieved several key milestones in the first half of 2021 to further its mission to improve life on Earth from space , " said CEO , Chairman and Co - Founder Chris Kemp . " Astra obtained significant funding to further our plan for rapid , low - cost access to space by completing the Holicity merger and associated PIPE transaction . We delivered on key customer initiatives by winning our second NASA contract in a row ( TROPICS ) and signing a long - term launch deal with Planet Labs . And last week , we announced Space Force as our first commercial customer for a test launch planned during a sixteen - day window beginning August 27 , 2021. I am pleased with our execution and want to thank the entire Astra team for their dedicated efforts . We all look forward to the upcoming launch . " " Completing the Holicity merger and PIPE investment led by BlackRock added $ 464 million to our balance sheet and puts us in a strong cash position as we continue our progress towards daily rocket launches , " said CFO Kelyn Brannon . " Our team overcame many obstacles to arrive at this most exciting chapter in Astra's quest to deliver low - cost , rapid access to space . " Second Quarter 2021 and Recent Business Highlights : • Completed our merger with Holicity , Inc. and began publicly trading on the Nasdaq . • Closed our PIPE transaction led by accounts owned and managed by BlackRock . • Added $ 464 million to our balance sheet ( net of fees ) via merger and PIPE transactions . • NASA awarded Astra the Time - Resolved Observations of Precipitation Structure and Storm Intensity with a Constellation of Smallsats ( TROPICS ) , a three - launch mission to observe and analyze the impact of tropical storms . • Awarded a multi - launch contract from Planet Labs , one of the leading small satellite companies focused on Earth Observation . • Began expansion of our Alameda factory to 350,000 square feet , a tripling of current capacity . • Added to Astra's leadership team with several executive - level and proven leaders from companies such as Apple , Tesla , Blue Origin , IBM , and SpaceX . • Acquired Apollo Fusion , one of the leading propulsion engines in the market , which expands our total addressable market to mid - Earth , geosynchronous , and lunar orbits . • Announced Space Force will be our first commercial launch customer during a sixteen - day window beginning August 27 , 2021 . • Awarded the Orbital Services Program ( OSP ) -4 contract from the Rocket Systems Launch Program SLP ) of the Space Force . This agreement positions Astra to compete for several launches over the next 9 years . • Announced Spire as a customer with plans to begin launching next spring . • Welcomed new board members Michèle Flournoy , a former Under Secretary of Defense for Policy under President Obama , and Lisa Nelson , a former high - level finance executive at Microsoft , to join Astra's board and partner with current independent directors , Scott Stanford , Mike Lehman and Craig McCaw , to advise Astra . Second Quarter 2021 Financial Highlights : • GAAP Net Loss was $ ( 31.3 ) million for the three months ended June 30 , 2021 . • Adjusted Net Loss * was $ ( 23.1 ) million for the three months ended June 30 , 2021 . ● Adjusted EBITDA * of $ ( 21.4 ) million for the three months ended June 30 , 2021 . • Capital expenditures totaled $ 8.5 million for the three months ended June 30 , 2021 . • Cash , cash equivalents and restricted cash totaled $ 452.4 million as of June 30 , 2021 . * Denotes Non - GAAP financial measure . Refer to " Explanation of Adjusted ( or Non - GAAP ) Financial Measures " later in this press release for reconciliation of GAAP to Non - GAAP financial measures . Third Quarter 2021 Outlook As of August 12 , 2021 , we are providing guidance for the third quarter 2021 based on current market conditions and expectations . We emphasize that the guidance is subject to various important cautionary factors referenced in the section entitled " Forward - Looking Statements " below and our Form 10 - Q , including risks and uncertainties associated with the ongoing COVID - 19 pandemic and the increased transmission rates from the Delta variant . For the third quarter ending September 30 , 2021 , Astra currently expects : ● Adjusted EBITDA * between $ ( 32.0 ) million and $ ( 35.0 ) million .