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ASTRA Astra Announces Third Quarter 2021 Financial Results November 11 , 2021 ALAMEDA , Calif . , Nov. 11 , 2021 ( GLOBE NEWSWIRE ) -- Astra Space , Inc. ( Nasdaq : ASTR ) today announced financial results for its third quarter ended September 30 , 2021 . " We are excited for our upcoming test launch of LV0007 on behalf of the SpaceForce as we complete vehicle preparations and await optimal conditions for our launch expected to occur in the coming week or so , " said CEO , Chairman and Co - Founder Chris Kemp . " During the third quarter , our first in - space electric propulsion engine completed a successful ignition test ; this technology was acquired as part of Apollo Fusion , which we quickly integrated into our business operations , " Kemp continued . " While our primary focus remains the growth and development of our launch services business , we continue to develop other product and service offerings to support our overall mission to ' Improve Life on Earth from Space . ' Just last week , we announced the filing of an application with the Federal Communications Commission for V - band spectrum access , which , if approved , would allow us to offer a satellite constellation in the future . " Kemp added , " we continue to believe we are well positioned to leverage opportunities to grow our integrated services to the more than 400 operators in the space industry . " " Astra continues to move forward on its goal of daily launches , " said CFO Kelyn Brannon . " We are close to completing the first stage of our main production facility expansion in Alameda , which creates more capacity to produce our launch vehicles . " Brannon continued , " We are near completion of LV0008 , and have begun the production of LV0009 . " Recent Business Highlights : ● Prepares to perform a test launch for the SpaceForce in the coming week or so , subject to the readiness of launch conditions . • Achieved orbital ignition of our first in - space electric propulsion system , acquired from Apollo Fusion . • Applied for V - band spectrum access with the FCC to support the future expansion of Astra's product and services offerings . • Began expansion of our Alameda production facility and expect to complete the first stage of these expansion efforts by the end of the fourth quarter 2021 . • Conducted a commercial test launch of LV0006 for the SpaceForce on August 28 , 2021 , from which we implemented design changes for LV0007 and future launch vehicles . • Added to our talented team with employees from Google , Blue Origin , Apple and Maxar . Third Quarter 2021 Financial Highlights : For the three months ended September 30 , 2021 : • GAAP Net Loss was $ ( 16.2 ) million . Adjusted Net Loss * was $ ( 34.5 ) million . ● Adjusted EBITDA Loss * was $ ( 32.9 ) million . • Capital expenditures totaled $ 9.9 million . • Cash and cash equivalents totaled $ 378.7 million as of September 30 , 2021 . * Denotes Non - GAAP financial measure . Refer to " Explanation of Non - GAAP ( or Adjusted ) Financial Measures " later in this press release for reconciliation of GAAP to Non - GAAP financial measures . Fourth Quarter 2021 Outlook As of November 11 , 2021 , we are providing guidance for the fourth 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 its potential impact on our business . For the fourth quarter ending December 31 , 2021 , we currently expect : • Adjusted EBITDA * between $ ( 40.0 ) million and $ ( 44.0 ) million . Depreciation and Amortization between $ 2.2 million and $ 2.5 million . ● • Stock - based compensation between $ 20.0 million and $ 22.0 million . • Cash taxes of approximately zero . • Basic shares outstanding between 258 million and 260 million . • Capital expenditures between $ 15.0 million and $ 20.0 million .