Quarterly ResultMay 21, 2026, 06:08 AM
Starfighters Space Q1 Net Loss $4.27M; Operating Expenses Up 116%
AI Summary
Starfighters Space, Inc. reported a net loss of $4.27 million for the first quarter of fiscal year 2026, a 61% increase from the prior year, with operating expenses rising 116% to $4.05 million. The company maintained nil revenue for the quarter and saw its cash balance decrease to $1.40 million. Key operational updates included the completion of STARLAUNCH 1 wind tunnel testing and the appointment of Tim Franta as CEO and Jose Arias as VP, Space Operations.
Key Highlights
- Net loss increased 61% to $4.27 million in Q1 2026, compared to $2.65 million in Q1 2025.
- Operating expenses rose 116% to $4.05 million in Q1 2026 from $1.88 million in Q1 2025.
- Reported basic and diluted loss per share of $0.10 for Q1 2026, compared to $0.13 for Q1 2025.
- Cash and restricted cash totaled $2.14 million as of March 31, 2026, down from $4.01 million on December 31, 2025.
- Total assets decreased to $26.34 million on March 31, 2026, from $28.39 million on December 31, 2025.
- Tim Franta was appointed Chief Executive Officer on February 22, 2026, and Jose Arias as VP, Space Operations on May 11, 2026.
- Completed STARLAUNCH 1 wind tunnel testing, evaluating separation behavior at Mach 0.85 and Mach 1.3.
Price Impact
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