Astra Space Reports Q3 Adjusted Net Loss Of $(27.4)M; Sales $256.00K Down From $2.78M YoY
Portfolio Pulse from Benzinga Newsdesk
Astra Space reported a Q3 adjusted net loss of $(27.4) million, with sales significantly down to $256,000 from $2.78 million year-over-year.
November 16, 2023 | 10:09 pm
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NEGATIVE IMPACT
Astra Space experienced a substantial net loss in Q3 and a significant decrease in sales compared to the same period last year.
The reported net loss and decrease in sales are critical indicators of Astra Space's financial health and are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100