now will of everyone. review I afternoon, the our good and results Chris, first quarter for you, Thank XXXX.
we discuss unless a measure. we'll adjusted, non-revenue as GAAP As financial state reminder, a them all today are figures
You will results in a GAAP release. to reconciliation today's find from non-GAAP press
Astra final was focus In Engine our System substantial on on Launch facility, X. completed make QX, continuing Spacecraft manufacturing our of and in was ensuring which March of development to progress the late completion the
completed March, in deliver the we did our transition we QX. facility As engine units late not spacecraft into in any new
XX% following. Now, salary expenses totaled in let's lower review our QX QX financial reduction XXXX QX resulting GAAP XX.X last to in million QX XXXX. from expenses operating million GAAP in GAAP results. in the included executed XX.X operating expenses reflect compared QX the operating headcount expenses quarter.
our in services IT insurance And Spacecraft higher marketing our and launch expense, reflecting million and expenses million, Engine. for our sales mostly in reflecting legal ongoing XX.X stock-based and offset of compensation; public million of by in sales expenses to R&D encompassing core expenses spend, investments Astra company increased quarter-over-quarter during XX.X quarter. X.X expenses continued investment G&A of businesses, and the due efforts which reductions
one-time let's about during talk XXXX. Now, of QX the items
During the first quarter, in gain we change value recorded contingent million a consideration. on fair of $X.X
on QX loss items basis, a non-GAAP was GAAP net a million. one-time net was our of quarter was EBITDA loss quarter first basis, XX.X XX.X a XX.X loss adjusted adjusted million. these Given first million. On
and investment were X million our to Spacecraft of factory. in expenditures the Astra Engine X and capital build Launch continued System quarter the the out related development of First primarily
March. to related cash, facility of Engine securities as ended our We be Astra is to debt no launch expect Spacecraft services, the the million going and outstanding. of equivalents majority complete expenditures forward quarter of marketable XX.X cash as We now capital with and
our June I'll XX. Next, quarter provide second an outlook ending for
flight plan in our our on focus previously QX, operating we XXXX Rocket throughout of Spacecraft expenses, Engines streamlined savings XXXX. beginning scaling expect successful continue organization and mentioned, first to the G&A As In of Astra and we QX related X. deliveries and
employees we the of the XXXX, the Launch X this in have XXX about delivery of of with workforce Spacecraft to focused compared over XXX Astra early System today, and development of majority on of Engines. As QX
our quarter on macroeconomic reminder, other important and our report XX-K guidance set all forth and second guidance companies to cautionary a There's in a the factors, and annual across various filings. also Form share is including with risks securities associated subject industries. uncertainties dynamic risks factors, and many As
of between million be loss will we to the basic shares outstanding XXXX, future currently of $XX In adjusted Now, $XX securities XXX and expenditures million, and XXX second million potential to shares, million, quarter million cash marketable million capital be $XX $X financing to EBITDA $X between we provide and to between be guidance. excluding million million expect and $XX and equivalents cash, activities.
on facility. update Regarding business, I our Sunnyvale give wanted production an to space in our you products
and commencing work you recall, products production The tremendous engine facility activities. amount a that team facility, moved quarter. standing the the As into that may announced of space a new of we equipment first at the spacecraft installing of end done had has production we
although this end a early to time, put begin final may we QX. expect into this towards QX, slip variety factors deliveries of those cause the I At To product deliveries to context, lead to with work want integrated customer. Engines XX have Astra of remind everyone Spacecraft a as require time integration that typically and an months the module often into approximately of
qualification testing, configuration before they extensive be require delivered. and products Space can
course, result, the inevitable a QX through And troubleshooting there's As new line. a of those represents process production the moving in Sunnyvale. first of units
delivery. recognize the From from delivery, payments we complete standpoint, way milestone until along not a revenue as we though final towards customers work received are financial do even the
XXXX. customer two-thirds today, of contracts approximately of As non-delivery milestones we have for in all into entered completed
the products team is progress that on making programs. hard space great is working takeaway our The and customer
QX. do to from delivered While of in the end begin we significant product to not expect we QX, final spacecraft towards revenue engines recognize deliveries expect
our to our will customers decline plan We're resources deliver carefully burn required I scale. cash runway this continue expect and cash strategic and to team Astra's provide to profile, managing now to discuss cash at throughout with liquidity our position, to year. the
reiterate, provide Engines deliveries have and As today's expect new the in begin as are deliveries to XX% a gross Spacecraft such, margin business. call previous we approximately engine free spacecraft calls, we factory cash QX. our from Astra and To expected on have to to discussed flow typically
customer business. revenue pipeline engines are benefit supportive which we're XXXX milestone recognized prospect to able Current expected to When provide from liquidity payloads frequently ahead are into revenue, we and a customer, growth expected cash anticipated in deliveries be services and convert our of of spacecraft delivery flow. launch actual in a via customer to launching of to additional of payments
expenses, and operating ensure while to to preserving On refining and continue we it required team in where on our focus near-term the also side, is core prudent deliver that on expenses, G&A expense maintain cash possible. to particular the mission, we
our on debt became of Regarding over equipment, evaluating financing, company options Astra and using other capital machinery, yet debt capital in equity various Since sheet. financed to equity million public among we any raise $XXX markets. a items, and inventory, mid directly leasehold have balance cash XXXX, and financing or we are the in have improvements,
Astra We financing indications provides from believe Astra, potential consider this flexibility received interest and debt which our equity shareholders financing with To providers. are date, supportive of we customers. options, our thoughtfully various to the and have of
We taking cost are currently evaluating several into other of capital, considerations. dilution, and options, consideration
enter We will provide for any update an agreements financing. we into if new definitive
of markets, these not current in capital guaranteed. volatility the the Given is consummation any of transactions
runway consideration In of believe our summary, opportunities. supported conversion cash pipeline is potential and thoughtful revenue we management opportunities, expected growth, of careful financing expenses, by of
I will to Chris. turn now back call the over
