Astra Space, Inc.

Good day and thank you for standing by. Today's conference is scheduled to begin shortly. Until that time, your lines will again be placed on hold. Thank you for your patience. Thank you. Thank you. Thank you. Thank you. Good afternoon and welcome to ASTRA's first quarter 2022 earnings conference call. Joining us today are ASTRA's founder, chairman and CEO, Chris Kemp, CFO, Kellen Brennan, and Vice President of Compliance and Deputy General Counsel, Michael Stitcher. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to turn the call over to Michael for introductory remarks. Please go ahead.

Thank you, Operator. Good afternoon, everyone, and thank you for joining us for ASTRA's first quarter 2022 earnings call. After the market closed, we released our financial results. The earnings release is available on the SEC's website and our investor relations website at investor.aster.com. This teleconference is also being broadcast over the Internet and will be archived and available on our investor relations website. During our call today, we will be referencing non-GAAP financial measures. which we believe to be useful to investors as our management team uses these non-GAAP financial measures to plan, monitor, and evaluate our financial performance. These non-GAAP financial measures exclude certain items and should not be considered a substitute for comparable GAAP financial measures. Astra's methods of computing these non-GAAP financial measures may differ from similar non-GAAP financial measures used by other companies. The description of these items, along with the reconciliation of our non-GAAP financial measures to their most comparable GAAP financial measures, can be found in our earnings release. Today's call will also contain forward-looking statements. These forward-looking statements refer to future events, including ASTRA's future financial outlook. When used in this call, the words anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project, and similar expressions as they relate to ASTER are, as such, a forward-looking statement. These forward-looking statements are subject to a number of risks and uncertainties, and as a result, ASTER's actual future results and performance may differ materially from those discussed in this call. We encourage you to review our filings with the SEC in which we describe the factors that could cause actual results to differ materially from our current expectations. We also refer to commercial launches in this earnings press release. When we use the phrases commercial launch, commercial revenue launch, or commercial orbital launch, we mean a launch conducted under an FAA commercial launch license. Additionally, each of our launch vehicles is noted by an asset title with the abbreviation of LV, standing in for launch vehicle, followed by the serial number. For instance, our March 15th and most recent launch vehicle was referenced as LV0009. Finally, I would like to remind everyone that this call will be recorded and will be made available for replay via a link available on the investor relations section of our website. With that, I now turn the call over to Chris Kemp, Asterisk founder, chairman, and chief executive officer. Chris?

Thank you, Michael, and good afternoon, everyone. Thank you for joining us today. For those of you who have just started following Astra, I'll begin with a brief introduction to our mission, vision, and strategy. Astra is a space technology company. Our mission is to improve life on Earth from space. And our vision for a healthier and more connected planet inspires everyone here at Astra, and it's what unites us with our customers. In the first phase of our strategy, we're focused on scaling our launch services business as quickly as possible with an aim to dramatically increase access to space for our customers. Adam and I started Astra with the goal of providing daily orbital space delivery. In phase two of our strategy, we plan to leverage our frequent low cost per launch access to space and vertical manufacturing capability to rapidly develop space technologies into space qualified market leading products that are needed by Astra and our customers as we build next generation space services. The Astra spacecraft engine is an example of a space technology we've acquired and productized this past year. Finally, in phase three, we plan to bring all of these technologies together into a vertically integrated space services platform. Like cloud computing has enabled tech companies to build new applications without investing in upfront capital, buying servers, leasing data centers, and operating networks, the Astrospace platform will allow our customers to focus on their applications instead of buying dedicated launches, building custom satellites, and operating constellations. With this context, let's review some milestones from Q1 and this past calendar year, which have been a quarter of accelerating investment, customer adoption of our space technology products, and growth in our customer pipeline. In January, NASA awarded Astra the Venture Class Acquisition of Dedicated Rideshare Contract. Along with other launch and space service providers, this award represents a $300 million opportunity over the next five years. In February, we conducted our first launch out of Cape Canaveral under the first FAA Part 450 launch license in history, both important accomplishments for our team. And as you're aware, an anomaly at stage separation prevented us from delivering the payloads for our customer, but we took the opportunity to understand what occurred and we quickly implemented corrective actions and fixes prior to the next flight. In March, our successful launch out of Kodiak, Alaska was a huge milestone for Astra as it marked our first delivery of 22 customer payloads into orbit. just 33 days after our prior flight, which is less than half of the cycle time we achieved in our prior two launches. With these two launches in Q1, Astra tied with the United Launch Alliance, the joint venture between Boeing and Lockheed, as the fourth most frequent orbital launch provider in the world last quarter, behind SpaceX, China, and Russia. The fact that we can make it on this list with only two launches illustrates just how infrequent and inaccessible access to space is today. and why our model of frequent and affordable launch is so badly needed as the space economy continues to expand. In April, we announced that Leostella has contracted with Astra to provide multiple Astra spacecraft engines for Leostella satellites. This win was a direct result of our strategic acquisition of Apollo Fusion last year. The Astra spacecraft engine has demonstrated it can assist satellites in achieving and maintaining target orbits and maneuverability. To date, we've sold 61 Astra spacecraft engines and are excited by the continued demand for this product. And finally, in April, we added another launch for the Department of Defense onto our manifest as we continue to demonstrate strength in the mix of commercial and government demand. Looking ahead to the second quarter, the Astra team is excited to test our ability to execute a rapid launch cadence for the upcoming tropics launches. Astro is honored to have the opportunity to serve NASA to further our vision for healthier and safer planet as we prepare for a multi launch campaign out of Cape Canaveral. To deploy the NASA tropics constellation tropics will observe deep inside cyclones, so we can forecast storms better improve disaster preparation preparation ultimately save lives. These launches represent a significant milestone for the company and our mission to improve life on earth from space. As our production and launch operation teams manufacture and launch rockets to provide launch services for our customers this year, we're increasingly focusing on Launch System 2.0, which will introduce the next version of our rocket, 4.0, which is designed for a weekly production rate in our new rocket factory with increased payload capacity, decreased material labor and launch operations costs. Launch System 2.0 will allow Astra to address a much larger segment of the launch services market with more flights and higher margins. I'd like to thank our employees whose dedication to our mission has enabled Astra to reach orbit so quickly and within months again and again. We are just getting started and we're thankful for the unwavering support of our customers and investors and their commitment to our mission. We look forward to sharing even more detail about our strategy, our roadmap, and Launch System 2.0 next Thursday on May 12th at our inaugural Astra Space Tech Day 2022. This will take place at our newly expanded rocket factory at our headquarters in Alameda, California. and we'll be video streaming the entire event. This event will showcase our leadership team, review the overall strategy. We're going to make some exciting product announcements, and we're going to let on-site guests tour our rocket facility. We expect over 100 participants to be in attendance. Once again, for all of those who've taken the time to join us during this quarterly results call, our current investors and those considering investing in Astra, industry experts, and those who are inspired, as we are, by the potential to commercialize space in ways that will make all of our lives better, I want to thank you. And now I'd like to turn it over to Kellen to discuss our first quarter financial results before we begin Q&A. Kellen?