Astra Space, Inc.

and monitor and evaluate our financial performance. These non-GAAP financial measures exclude certain items and should not be considered as 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. A description of these items along with the reconciliation of our non-GAAP financial measures to the most comparable GAAP financial measures can be found in our results 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 using this call, the words anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project, and similar expressions as they relate to Astra are, as such, a forward-looking statement. These forward-looking statements are subject to a number of risks and uncertainties, and as a result, Astra's actual future results and performance may differ materially from those discussed in this call. We encourage you to review our filing with SEC in which we describe the factors that could cause actual results to differ materially from our current expectations, including those updated risk factors included in our annual report on Form 10-K. Finally, I would like to remind everyone that this call will be recorded and will also be made available for replay via link available on the investor relations section of our website. With that, I'll turn the call over to Chris Kemp, Astra's founder, chairman, and CEO. Chris?

Thanks, Andrew. Good afternoon, everyone, and thank you for joining us. Joining me on the call today are Axel Martinez, our chief financial officer, and Martin Atik, our chief business officer. During today's call, we will review our operational and financial results during the first quarter, review guidance for Q2, and provide an update on our launch services and space products businesses. I'll first go through key highlights this quarter in launch services. We secured a launch contract with the United States Space Force for an order valued at $11.45 million for a launch of an ESPA-class satellite and additional CubeSats through the Orbital Services Program. We completed the installation of and unveiled our new rocket production line designed to eventually produce up to one rocket per day out of our rocket factory in Alameda, California. We completed our upper stage engine qualification campaign. We completed additional qualification of our first stage engine, and we completed the factory acceptance testing tank for tank production. Finally, we unveiled our Rocket 4 FitCheck vehicle, a combination of flight qualification and acceptance tested hardware, including a qualification article first stage tank, two first stage qualification engines, in addition to an upper stage engine that has been acceptance tested for flight. As we continue to make progress on Rocket 4 development, in addition to securing the contract I just mentioned, we're seeing an increase in pipeline opportunities for our launch services business. I'll go through some of the highlights in our space products business during the first quarter. Our primary focus in Q1 was ensuring a seamless transition into our new spacecraft engine production facility in Silicon Valley. We finalized the build out of this new 60,000 square foot facility in Sunnyvale, California, dedicated to the production of Astra spacecraft engines and fully moved in in March of 2023. This facility is designed to eventually produce up to 500 units per year. We've completed various major customer milestones ahead of deliveries later this year and next year and conducted the first hot fire of our new vacuum chamber and commissioned other equipment used in the production and testing of the spacecraft engine at our new facility. Our team is now working side by side with our customers to integrate the Astra spacecraft engine into their satellites and will start to ship the first few units out of our new production facility in Sunnyvale this quarter. This quarter, we also announced a new product, the Astra spacecraft propulsion kit, which disaggregates the four key subsystems of the Astra spacecraft engine module, the thruster, the power processing unit, the feed system, and the tank. This enables satellite builders to take advantage of shorter lead times to access key components of their propulsion system that they can customize for their unique missions. Astra is adopting the way development kits have transformed the software industry and applying it to hardware by providing the tools and support to accelerate spacecraft development at scale. We announced a new contract with APEX Technology to initially provide five spacecraft propulsion kits for APEX's satellite bus platform to be delivered this year. We also are delighted to confirm that eight additional Astra spacecraft engines, which were delivered in Q4 of 2022, have successfully fired in space, further demonstrating the growing flight heritage of our engines. Lastly, we continue to believe that the Astra spacecraft engine is the leading electric satellite propulsion system in the market and continue to see strong demand from customers in our pipeline. Over time, we anticipate both adding to this pipeline via existing and new customers and converting a portion of the pipeline we have today into new customer contracts. Finally, before handing the call over to Axel, I want to touch on cash as we continue to work to bolster our financial position through a variety of efforts. We generate cash as we secure new orders and deliver on customer milestones in both our spacecraft engine and launch services businesses, and as we ship Astra spacecraft engines. Given the criticality of liquidity to delivering on our commitments to our customers and shareholders, we have decided to guide cash for the next quarter. Execution, continued market penetration, and disciplined cash management combined with a thoughtful approach to financing will continue to be our priorities as we work towards generating free cash flow. I'll now turn the call over to Axel to provide additional detail on these priorities and review our financials and guidance. Over to you, Axel.

Thank you, Chris, and good afternoon, everyone.