ASTR - Earnings call transcript Q2 2022 | Astra Space Inc

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Operator

Good afternoon. And welcome to Astra's Second Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Andrew Hsiung, Vice President of Strategic Finance and Capital Markets for introductory remarks. Please go ahead, Andrew.

Andrew Hsiung

Thank you, Operator. everyone. afternoon, Good for quarterly you for second Astra's And call. joining XXXX results quarter thank us After we market the closed, results. released our financial The the on Relations is and release Investor investor.astra.com. website SEC's our at results website available is archived available be teleconference and website. Investor and also the on over This Internet broadcast will Relations our being

monitor useful financial will non-GAAP our as management comparable These uses these During we financial measures items which investors reference our exclude call our we financial GAAP be and to measures, measures and to non-GAAP financial should plan, financial measures. non-GAAP for performance. considered today, believe evaluate to be certain substitute as team not

result, from contain of expectations, those refer those XX-Q. our potential, future materially to of actual financial expressions found When included anticipate, describe the financial with factors quarterly the these subject from actual these differ These will project release. as on call. computing These factors financial differ results this forward-looking and call, measures cause future filings such, in the to believe, financial estimate, risks reconciliation the we similar our of also call could, Astra's methods including report may our you Astra statements measures which may results in to performance and that including from GAAP We a with they other should, current similar encourage Astra's as Form non-GAAP risk by a relate statements. events, comparable our And to uncertainties. materially non-GAAP words are SEC updated as review could in to and their are, forward-looking most enable, statement. statements in differ description intend, discussed number items of Astra's used Today's financial measures in measures along non-GAAP future A this expect, forward-looking forward be will, used can companies. our outlook. to

revenue commercial this the to launch, commercial or under mean launch we When also refer FAA launch, we during conducted commercial use launches orbital an We license. launch launch call. commercial phrases commercial a

launches commercial may paid unpaid. Our be or

like Finally, recorded remind now available call made Kemp, our Relations I'd this replay over section be the will for available on Chairman Chief be and Officer. call and website. link also With will Chris via the would turn Chris? I that like to Investor everybody to Astra's Founder, of Executive to that,

Chris Kemp

Adam join we're progress Engineer joining some of Lyon, Launch of today thank and everyone. today. Thank Engineering making Co-Founder you, additional for I've Today Vice our Operations share to our Chief asked System. Chief new details you Financial President Kelyn Officer, and Good our our CTO, on us Andrew. London, afternoon, and Dr. us my about And the and addition to in Benjamin Executive to version the Brannon,

roadmaps that societal the commercial large growth and and we than companies ever drive Our growing made Earth mission in inspire The unchanged. to focus with will remains government to growing economic more improving services remains space can that our tremendous products as by guides and market, have and experienced tech strategy, space space team the and the continues headwinds investments that unlock in U.S. we other commercial clear the learning, believe the from push Even term long industry. industry. our relentlessly rapidly continue investments pioneering value life forward space to it on we expect to product

Yet Foundation has tensions, midst products year. global space opportunity grew we services. Space as of quarter evaluate expansion Oxford out and space with established seize factory, space launched opportunity building bright to like We test regulatory and ensuring square space this, spaceport by definitive product the provider Fusion global become I'd Spacecraft in, opportunity new our in a systems to rocket foot million to is focused Engine, a Florida. team year to economy, see on before remain elevated this supply diverse constraints, driven in entry approval class of few macro working The world the We're a company, addition spaceport a tripling workforce, end-to-end words Before and currently to on environment. estimated X% inflation. and This I the public spot. to of our the uncertainty increasingly of in shipping we Astra in to first geopolitical started can the to an completed an launch as a of and the operate start our dive new company, and and a size Apollo at on in period last launch. subject by chain Reflecting the Astra billion public positioned Astra as last XXX all the into Canaveral, agreements U.K. this a facilities U.K. also with and Cape We're acquired is

launches and reliable, Astra And this this that needs them has X.X, of been of more development our new tests, two and changes conducting And point is concurrent, of We've in heart four System support customers. the a necessary or launch analysis quarter. cost ever unsuccessful. we've to more we've last Launch leadership rigorous System to largest of our making has And X.X and Astra taken effective them it our while we've manufacturing on last the Launch two dedicated VP ensure [Doug teams that to started done including never recruited of this commercial Koosman]. meets run service focused is team most team assembled. operations, R&Ds, engineering with successful, orbital to talented all the launch operations delivers

of the spend we'll So call focus. majority this discussing today's

launched continued we this when TROPICS our a bit to this products our customer It's intended adoption on June spend to turning on We're growth customer and Cape time a quarter. technology of been to to NASA three So But of space missions of quarter failed orbit. NASA's we in a first investment, going Canaveral, payload more moment. from XX, the in deliver pipeline.

large constellation the our increasing customers cost operators required reliable discussions support launch other system, we've the have and given key launching more demand services, Second, to capacity, our significant higher a been and lower and decisions. resources with for NASA X.X from that made few

First, target payload kilograms for XXX capacity XXX we've System increased the kilograms. X.X from Launch to

Thus, flight our third, which additional time launch any and meaning customers working that we'll this XXXX in will of we're a third, test XXXX. not with launch qualification, be we're commercial remanifest all as in have just depend XX,XXX to quarter. we've success resuming service square secured Second, well. X.X. additional the space will Engine, the testing Spacecraft more to products, And in commence commercial flights standard of for on it's in the that And in add this in investments which able today, and we additional whether received our increasing to continues By and quarter, will lease test to We'll prior launch time operations, scheduled announcing believe since a And Engine demand spend space in our also an Engine. the the the of XX% a Astra launches of moment for area to on Fusion up a become orders end propulsion. production for support we're since the end Spacecraft year we our been of over XXX Astra of Spacecraft the acquisition will increase Apollo foot of committed and last second total facility to industry we flight. of

the our with and space operating quarter $XXX within and XXX and business. NASA X the Cape committed Capital, provides on ended the expect approximately I financial focus we anomaly on and will entered findings products TROPICS, and we provide a Canaveral. resources to minutes. and reliable determined. our human into detail we For million means as bring and to launch improved our continue plan once more capital and from service space as products financials, and cause live in been a mentioned The services. TROPICS continues to facility our System additional plan grow root higher equity us to On equivalents we cash in share into which We've B. capacity our a investigation cash XX, June and Kelyn securities. Launch with X, to We've our the Riley honed develop and market flexibility million our launched develop marketable has few

However, we do know several things.

first flight First, a followed we stage car. by engine had main nominal nominal a

all to discussion outcome. be twice, are with out required We've of to anomaly stage And had investigation entire to FAA so the third, fuel for orbit. stage to to in engine the partnership share the every their investigate stage the this mission. completing to remain On in is experienced the reaching deliver team, behalf before the and upper of once run continued successfully and that our thank failure. NASA X.X. will fairing want by and separation. the stage shut we're we concluded. disappointed I deeply To during a Second, findings TROPICS down upper of velocity payload NASA closely Furthermore, we to launch clear, with this proceed been NASA we this nominal we committed working and NASA's And with caused

Now turning to Launch System X.X.

took meet us tough year failures. satellites lifecycle, over mega test our team, two XXX flight us to Astra's a the and many not. and Those Astra total when leadership Operations, us commercial our Earth concluded we we more of that satellites, of factory Engineer size which Lyon, have a design Benjamin X.X were Tech delivering with rocket a Launch out Astra build completed and orbit, the Since business we serve our and achievements and System believe of unveiled XX% to a new the tripled just a them great the made isn't challenges of Space Space its orbit mentioned Chief including significant for I we were the we facility, increased four Vice inclination Since the development in before, X.X. our Two the have customers. of of us constellations. And As President Executive Day, at will progress tackle hardest taught launches over addressable course we company small orbital point public kilograms first has new were the the of development the some also Engineering has XX is successful it market the over have up successful low under allow facilities of total now System deliver of of to to of to ago. Launch than come deal. engineering

target development I'd system, this Benjamin? $X from like for provide you detail additional we of Finally, hear launch price the Benjamin. bulk dedicated To a continue to million. launches directly under to base on

Benjamin Lyon

Thank you, Chris.

our in and investments As we've operations. Chris engineering joined since mentioned, significant I Astra, made

The all facilities Now we taking and manufacturing time Launch our develop System, the and the last required team key on System or the release test the Spacecraft X.X expand to are been focused our out production capabilities and on has built things, that over test diligently of our of the the and to we've Astra Launch of Engines. next two this our effort, design, year. working talent, do

For labs, example, reliability and in and assurance management investing automated analysis new art mission teams, and Teflon. production dedicated state-of-the new and equipment Rocket commissioning developing on establishing X our installing assembly metrology, failure

a new brackets. we've many can to example, And hot that engine. facility, and processes development We've time make higher assembly completed that enabling test systems work the for number automated dome now castle and sub time, operation developed rocket attachments, the us thrust We fires stage are welding stacking our installed and dome. first of weld of board domes three a the it fabrication a baseline engine we took to reduces make us also our laser and section rocket central to forming single tune For at process like scale. we our future scalable baffles tank

to our Engines. Lastly, and These engineering, we procedures milestones Spacecraft And analysis new continue Thank additional reliability to align scale. introduce Chris documentation are to in process. now development I'll on Astra operations over and that systems, it detail provide important at and you. turn to manufacturing processes, quality enable

Chris Kemp

Thanks, Benjamin.

Astra. our in XXXX just our to discussed of three strategic letter shareholder is our we services the a Launch is scalable and pillars As strategy. profitable of annual report, while in one launch building business very

develop where minutes we're manufacturing the to take and leverage to products few making to our wanted services. customers highlight build and needed I business, our in seeking launch key to technologies to space So progress by our we are and next satellites generation productize capabilities space a

Apollo business, As earlier over a I acquisition our Fusion just completed accelerate year of the space ago. mentioned to products we

now the successful that manufacturers that determining of was of we that investments sizeable space launch propulsion completed significant with Fusion, launch most on very of decision the successfully missions. performance engine We've leading tests. the qualified outside Apollo the engine our was identified we acquisition to are options. exceeded used customers set to expectations Space ground concert costs. of scaling satellites make industry and team in were and use one satellite hundreds developed propulsion of leading performed in sanctioned. space Russian, We're [Krypton] engine Our they propulsion attempts. we've since our first most first services our the on space Since final launch, our the orbits. ignited making, is we and is We've satellite demonstrated and production, competitor into in one systems their And before often position as

see XXX core to in through a space demonstrates lease Fusion. signed successful we can QX. strong our facility as to our This square production Apollo engines demand. And We we've evidence a increase I products spacecraft recently capabilities. post-acquisition XX,XXX spacecraft foot integration mentioned, engine new of sold privatize continue that of We for

based product customers, evaluate space in this to from so to more We opportunities the future. on on come new continue feedback

financials I'll and things to Now our Kelyn over turn Kelyn? review to guidance,

Kelyn Brannon

Thank everyone. and good you, Chris afternoon

first QX results. Let me review our

space we that the mentioned, of business. products increased adoption our associated to are continue with Chris pleased As gross customer see margin with and

measure. all As adjusted unless state discuss figures our them a today as a financial GAAP reminder, I are will I revenue

cost three $XX.X write-downs attributed million in Revenues $X.X with first Astra were the Launch million was in write-downs for includes You'll from $XX.X we and non-GAAP customers, which as to million from space cost find launch million to million million inventory results release. $X.X GAAP to inventory of press and ended approximately services services $X This and space System QX June of $XX.X a of delivery derived products today's of reconciliation XX, from the X.X. commence $X.X were launch months XXXX. spacecraft products of of revenues related our of discontinuation million engine

of $XX basis, Second loss low loss on consideration loss million. below decrease was in quarter million primarily increased well EBITDA net to loss fair change net range related end in inventory quarter partially a of by our of was million. QX sequential of in and adjusted loss second was $XX.X net was a The the decline of On guidance value loss GAAP adjusted a contingent offset write-downs. our $XX.X $XX million. a

of least operating Second be debt marketable to expenditure date On company X, of The securities of capital quarter after Astra by continues the fund Any $XX.X products its launch Principal additions was manufacturing. to the facility million provides a equivalents as expansion for facilitate against with obligation stock provides these as Astra through issuance facility in of We our space B. R&D, $XXX.X to outstanding. expects opportunistically expenditures rocket will equity million be by committed August LLC, million for Riley will liquidity be We no facility. operating to customers. common Astra months of but that to the production Capital to $XXX and Class statements. entire acquired sources sufficient XX facility the manufacturing progress and to under and the $XXX activity issue our increased and not finalizing flexibility, deliver over capital and B. systematically rights, million invest financial months at The services into from cash, related refreshed requirements XX Riley. the the done fully cash facility steal, and installing Alameda A up and quarter entered of equipment with ended plan. financial we manufacturing, occupied now begun primarily this have

capital In we carefully the to profile. addition financial as to continue financial strategies various B. overall Riley evaluate facility, the we manage and our markets

an quarter XX I'll outlook XXXX. provide Next, September third for ending

and decision to and XX-K, with the below is referenced production and our various entitled XX-K and Our XXXX statements of vehicles launch third XXXX the remainder forward-looking COVID-XX our to system X.X. supported and by associated quarter subject of cautionary pandemic factors risks including the important the launch ongoing section discontinue uncertainties guidance Form in

of Chris a associated it our and comes levels with mentioned, elevated shared As companies supply there's risk dynamic inflation when across many a to also chain and industries.

investments our and our the believe manufacturing mitigate vertically factory this we in are integrated However, of risk. one that helped processes factors

to between $XX For the million loss million and $XX capital quarter, million, between and between forecasted be $XX $XXX are be EBITDA be and and million and amortization $XXX compensation million. between shares taxes to to and to $Xm be we to million third between currently expect $X.X adjusted and million $XX outstanding be be million. basic million, $X stock-based zero, to cash $X.X Depreciation additions shares

guidance provide Let color some XXXX. through me on additional

noted our As focused And launch of services all system. vehicles System by towards discontinued we've of of the X.X. earlier, development production supported current resources launch our the Launch we launch have

plan XXXX. further As do in not launches such, conduct any to commercial we

part system, for launch we of to XXXX, we'll launch able conduct of cycle new be are conduct expect in system. using our paid launches the system new XXXX but launches this yet not As new certain development in our launch commercial test to whether

will in also expenditures and this resources focusing see out second the spacecraft the X.X equipment will significant and X.X on launcher through XXXX. in System to on facility, XXXX. Capital We expect in in after for for products and and move a of System continue part production as for flatten expenditures XXXX, upgrades we which XXXX be space Launch engine continued of it our reduction new executing slowing production additional half required strategy. to adoption capital Launch our business, headcount of we Therefore, expect growth you - the

we mid-XXXX. the services, margin. gross with by positive in production much volume expect should engine but than note spacecraft have until launch a after you our spacecraft Please shipments variability engine are ramp ASP for orderly Although lower that higher we'll

expect as continue We roadmap our to Astra and product calendar be production. transformative scaling XXXX year a continues expanding to on

System our outlined, will offerings Spacetech and space launch spacecraft As focus Astra on X.X, Astra engine. we product unveiled May Launch X.X, expand all by our also on Day, will Rocket we the Chris at we led resources XX, which

ensuring and for Lastly, we on our investments focus path to long-term continue to shareholders deliver on value success. will set us these the

to we our progress understand will related and the To quarter, during system achieving This for to be the capacity our building confirm objectives our we operating will current to strategic Additionally, achieve space towards towards the provided. previously progress X.X allow the metrics, on financial to we we provide using are intend measure some you making these will specifics milestones within developing the which mentioned. previously products. guidance and increased delivering non-financial

turn roster us Chris? over our call the to thanks I entire customers to Chris, deliver growing Astra who of them. team Before for back want I and to add trust to

Chris Kemp

Kelyn. Thanks

to looking the metrics addition just next to along our sharing In the flights. sharing you to path the forward operating milestones I'm mentioned,

So and the Launch plan. of you orders towards our please in will of shipments execution System spacecraft by Astra engine, open call our X.X, for next measured products operating questions. over progress With and year could the that, the summary, disciplined progress be our including space

Operator

Yu first of the Your comes Bank. Edison Instructions] of [Operator Deutsche question line from

Edison Yu

for Thanks couple. question. Have the taking a

longer what is outlook if going may the to Rocket have So meaningfully transition to seems to take previous than been. start X it the off, as

is driving of so what that transition X? First time of case the longer that and all, kind to if Rocket is

Chris Kemp

part take I'll first that. Yes, take the I'll of

there's, think two things. I

X.X, the larger. out the we build getting as incredible continued about we operating market feedback new we Launch was with constellation team I to the The System as as from we factory. And as of our to satellites X.X well. were some operators evolve learned getting larger think we this built that out built Rocket more continued were

new of new of assembled, And the frankly, great to so were had existing powers lot all making our things rocket, changes the it investing labs. we've benefit of further things, this and of the And rocket the with Launch System two people we these our in rocket the an and orbit. energy saw - happening. lot that XX we with the and resources felt and an and software continuing a engine. equipment that, the to test upper rocket stage new operating And was year. two operate the kilograms of increase rocket One, really all launch really system to X.X, to new all had we an progress. that or investing had a to and a opportunity X.X secondly, brought We of do test team on incredible that capacity opportunity threw frankly, in focus an we we upgrade a to vehicle the the that in And lot all a new

as this And since we also the we've soon we're very focus that combination flight, allow that build those met people, everyone what's after resources get And opportunity last know, Benjamin, of could of the fly did we next was that majority four we we year, pretty not really did possible, focus what the all vehicle flown, it and investments as the most to facilities the on had market, quality, And the company Benjamin not favorable from has we it And started the the our to received our one over so to on out them. as but end, all clear that two product desire so, you to kind with team kind And only that made focus of and takes of a do I which soon that energy customers customers. and requires. to system us the do, flights that needs happen capital, past our is asked reliable with focused highest that the to our our a we you thing to successful, this and advantage that otherwise. to of factors, our we and could the we was of system of then possible. fast frankly, energy talking attention, chatted after all the energy as make wanted of on also public took to could of all in the the of - with

Edison Yu

you context. sort targets? that you guess What not you I this with rough year? want taking and because don't of you're of but know I is down to successfully, Thanks, to you I you rough think can there test, the certain I Can some And us? date, anything share the a into commercial necessary month or is test flying share drill fly. something for us target said know, first rest it goes is - the like there first then launch if with that

Chris Kemp

what XXXX, as to highest engines. what quality, get give you the and team reliable. share In work required most the I build I'll the XXXX. of forecasts will terms to this we're be time looking is do think I want time And spacecraft we're What the revenue look right. at that the largely in to at is, Benjamin really

test flights, to to we So we can want we test to we them that all And to at we customers needs this plan as manifests of component built and we more to the want talked as a to the time, that stages, looked fits electronic. of also believe want our do software, every customers. we put on we we test to test thing, the really, test we engines, we the want the several want test system, the want the of gives

before to team give we time uncertainty to the a all there's because that do want another of to we the lot do commercial launch. testing So

you think them. milestones milestones. accomplish what we're on team going decided let's - time the giving of just all And focus with then to I So accomplish share the we've we these these is all as to

of an these, milestones, these Astra each we've with major give everybody going see to here's So what you're update, accomplished.

We've next. accomplished one. that what's Here's

continue I next. as test do we'll to Then be flights. as there'll And we to get to what's think continue that your an we closer to some this, answer question. Here's

Edison Yu

million sub there a think much that It you're base I make there's with economical one charge X charge so more Post pricing going last you this a Russia/Ukraine, from bit crunch. to a know, you me, not easier? x-rays inflation, the price stick could actually of that more? everything, that pricing, it Understood, not decent why given still demand, said be pretty actually try is earlier you bit as if have seems and given year, power, to why

Chris Kemp

question. great It's a

at think product. a higher It's price point. different a I

constellation this SpaceX. for performed mega segment really larger couple launch are we're not the peers of the with really small economics constellations. service of of is think is you've contracts vehicles, sats market for market. we're market a our operators, here a about seen they're order our one-off building for with expensive that I think excited win we're with focus and Edison that. So of the some the peers this The that we're in some launches launches small that And that market on And for I with that to there there. And competing are infrequently not

primary as as has And characteristic, characteristic. we product a a price so, position, think offer offer primary a, that a I we a and as scale

number not building in price. a do to high do a number invested a of higher small but a launches price, to of factory we've at at So lower his launches

large why that's for with some to really economically want so And that believe a we because mega choices. launch need That isn't another we lead price, that's give And them operators. of vehicle these we choice. constellation these operators viable

Operator

question America. Your from of of Madrid next Bank of Andre the comes line

Andre Madrid

my Thanks for question. taking

product where see know, of from than focusing with, the points as that key to out differentiating yourself there though, Unfortunately, you there do And you engine they're a on side more just of not Rocket How the guys what that? guys doing better the So different HyperCurie? HyperCurie? is see you're are with and over some you you their doing glad to little your player only own things. see Lab has

Chris Kemp

what tell tell you our customers us I I us. what they our Well, tell mean, that And can is performs better. product

you we that balance higher now space obviously around those in with scaling competitive. why we're the earnings to performance, sure product that in the scale hundreds going building production you've operated I XX,XXX continue out the as new successfully can of to we're customers, a offering And think to facility, demand times. to we're dedicated that ignited engines. seeing And you in trying there. can today's it's can product strike of And lower we're a to of cost. that we've that invest have that's tell tell announcement, heavily our it's production facility higher detail And the that So we work square us is seen making ISP. our release cost I very feet that I meet out the we of spacecraft

Operator

a have Bank. at follow-up Yu the from Deutsche You Instructions] line question of [Operator Edison

Edison Yu

Actually, just way you what what about in? those of break the orders, little the and me follow-up cases that more any of and from engine. down can type You of type - one know, breakdown as use what composition those was are or there can kind we Is a actually of more? bit it spacecraft

Chris Kemp

is the very product say modular. sold, what mean, I is that it's way the I'll is

actually configure feed electronics, tank, a sense lot ways. a, can true product there's there's a in of So different a there's system it's, it and that the there's in it's thruster, and a there's we a

we of customers that So do lot and, differently. size we're product taking selling it different and different with have And them by parameters. different satellites, mission to configuring that a that

thrusters. lot of thruster one or in You seen actually engine, And deploy our a customers three configurations. two different have one thruster, can we've engine, two

one being the of really of It's market. different of adopted flexible. by target lot So just satellite it's the a satellites. segment of types And very it doesn't

Edison Yu

whole constellation I a after you be a and going big there going after would pretty, since are mentioned a is? it's Understood you thruster? it you think pretty

Chris Kemp

Yes.

Edison Yu

you could that fairly large sell know, a something constellation? to, be that Would you

Chris Kemp

Yes already their developed. once own they have don'

size trying at look if building you're look we would I everyone how to at the are channel. So I - the then else's forecast would market own is consider and folks the of just the that their the

Operator

America. is of of a the Your line follow-up up next Andre question Bank Madrid from

Andre Madrid

to bigger momentous with using have more everybody a you could a hub? services to on - Just know, like space of to bit engine little just, a tailored as the itself the know, of give a you system approach to ride customer guess context, stopping, it's more why than little important of opposed I what's sorts one space you an on relying from the listening, maybe use going

Chris Kemp

operational man the vehicles, systems the don't key And work propulsion satellites I these satellites to doing sats the small or think they're But particular require unless lost. they're communication meant propulsion, large are that onboard - actually, large, orbit, we're they're if a like that and example, these they they're they're have and - that are if to that meant really positioning I they're station cube think final all positioned sats. be in for the small orbit the satellites do are, before they aren't if that these enough actually to if transport power to satellites have satellites, for deployed. use satellite propulsion of just cube typically keep or

are deorbit, very So satellite, very, your kind satellites. very these of be systems want to they're, able useful. they're you small if to Also,

really to some more the So we life with to start from system over, going see is I as orbiting. pressure other need think form all on orbit we, operators propulsion satellites the are as to system or of once their assist satellites to remove

Andre Madrid

point, difference you in there price is a and large Understood, say? would

Chris Kemp

and Well, again, to are comparing final I places apples positioning, me, satellite these small has systems applications involve and system a kilograms several - sold every systems the to it mega communication, of to are leaving that is or delivery satellite These propulsion the very and offered that the the Astra is other to satellites sold particular class cube type satellites, that Earth these applications almost of community companies oranges. orbits going do call XXXX by a satellite kilogram excuse in comparing XXX low of higher one typically propulsion orbit or their kind that positioning being the mega you're being engine the sats places. think spacecraft or to

Andre Madrid

always Yes, as Okay, clear. to. distinction sometimes isn't I thank I feel you. that's the wanted color the like

the giving breakdown. you appreciate So

Chris Kemp

welcome. the that I up start of really, Yes and from think product production you're sold line. And announced we're Yes, we XXXX these expecting to in we and ramp so that revenues far. to XXX with

Operator

turn Chairman over to floor question and today's the now the call. Astra. Chris and answer concludes I back of This will of Kemp, CEO session

Chris Kemp

to to we just Thanks make you we Launch updates, forward System the and you know all. space providing announce And want both delivering let continuing we also quarterly progress look products your time I your services. support everyone that today. for all new Thanks frequently and to and appreciate as towards X.X and contracts new for

Operator

for This your you. on concludes event. Thank participation does Thank you today's call. today's

disconnect. now may You

Astra Space Inc - Ordinary Shares (ASTR) 5 Aug 222022 Q2 Earnings call transcript