EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2023-03-07
Management highlights
- Vigoride 3 launched in May 2022, placing 8 satellites into orbit. Vigoride 5 launched in Jan 2023, in good health undergoing commissioning. Vigoride 6 on track for launch in April 2023 after assembly, ground-testing, etc. - Technology development: Testing MET thruster on Vigoride 5, working on Tape Spring Solar Array (TASSA) for Vigoride 6. - New customers: Contracts with CONTEC, CUAVA, FOSSA Systems, and repeat customers. - Government focus: Hired Chris Kinman as CCO to target Defense Department and NASA. - System improvements: Upgraded IT and finance systems, settled class action lawsuit, raised $10M in gross proceeds.
Segment performance
No detailed breakdown of product segments by absolute revenue and revenue contribution % was provided in the transcript as the focus was on Vigoride launches and overall business progress.
Guidance
- Plan to test MET thruster on Vigoride 5 in coming weeks. - On track to launch Vigoride 6 in April 2023. - Intend to test RPO on Vigoride 7 for reusable vehicle development in Oct 2023. - Focus on growing business with Defense Department and NASA.
Risks
- Uncertainties in meeting forward-looking statements due to various factors. - Competition in space launch with other companies like SpaceX, relativity, etc. - Impact of regulatory changes on de-orbiting satellites and potential cost implications. - Challenges in rocket development by competitors leading to potential delays or issues.
Q&A highlights
Q: Erik Rasmussen asked about Vigoride 5 milestones and cash burn.
A: John Rood and Dennis Mahoney responded on Vigoride 5 commissioning and monthly cash burn trend.
Q: Josh Corn asked about forward sales pipeline.
A: John Rood discussed growing interest from commercial and government customers, new and repeat customers.
Q: Edison Yu asked about MET testing parameters and Vigoride 7.
A: John Rood explained MET testing plan and confidence in tech upgrades for reusable Vigoride.
Q: James Ratcliffe asked about SpaceX price increases.
A: John Rood talked about existing launch contracts protected from price increase and future impact of new SpaceX pricing.
Q: Michael Mathison asked about backlog and payloads.
A: John Rood provided info on backlog composition and payloads for future launches.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-175.07 | $-0.28 | -62425.0% | $-35.01 |
| Revenue | $120,000 | $500,000 | -76.0% | $270,000 |
Transcript
March 7, 2023Full transcript unavailable for redistribution
The structured summary above covers the available call sections. Full transcript text is not included on this page.
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