7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 
      
    		                       
      cash flows from operating activities:
    		                       
      net income before allocation to noncontrolling interest
    		-135,903,000 -63,628,000 -52,096,000 -303,080,000 -131,350,000 -39,804,000 -77,124,000 -50,748,000 -49,589,000 -45,216,000 -25,089,000 -32,053,000 -8,068,000 -37,903,000 -12,803,000         
      adjustments to reconcile net income before noncontrolling interest to cash from operating activities:
    		                       
      depreciation and amortization
    		11,720,000 10,958,000 8,460,000 14,544,000 20,391,000 19,945,000 19,592,000 19,029,000 14,115,000 1,733,000 1,254,000 1,172,000            
      amortization of debt issuance costs
    		412,000 309,000 687,000 1,146,000 1,001,000 900,000 781,000                 
      loss on disposal of property and equipment
    		   0                    
      loss on remeasurement of warrant liabilities
    		             5,482,000          
      stock-based compensation
    		10,525,000 7,826,000 11,422,000 6,810,000 8,874,000 4,933,000 2,694,000 2,589,000 5,532,000 2,474,000 2,298,000 2,398,000 2,441,000 2,254,000 1,837,000 1,301,000        
      paid-in-kind ("pik") interest expense
    		0 497,000 0 0                    
      changes in operating assets and liabilities:
    		                       
      prepaid expenses and other current assets
    		-12,593,000 10,611,000 -6,076,000 2,188,000 -1,822,000 -8,306,000 10,481,000 17,148,000 -3,379,000 -12,168,000 -4,144,000 -4,112,000 -9,494,000 -6,838,000 -1,516,000 819,000 -3,494,611 -24,389      
      accounts payable and accrued expenses
    		19,960,000 715,000 1,741,000 6,875,000 -6,477,000 -8,396,000 6,066,000 -2,103,000 -9,665,000 5,553,000 6,179,000 9,421,000 154,000 2,684,000 3,160,000 -1,181,000 -511,977 623,977 374,445 55,233    
      operating lease right-of-use assets and operating lease liabilities
    		-29,000 -30,000 -8,000 378,000 -13,000 -8,000                  
      contract liabilities
    		1,296,000 -210,000 19,500,000 688,000                    
      other assets and liabilities
    		-3,898,000 1,200,000 -1,341,000 109,000 144,000 828,000 37,000 -14,879,000 -824,000 17,383,000 1,251,000 -1,400,000 -1,365,000 -14,751,000 2,691,000 -119,000        
      net cash from operating activities
    		-43,478,000 -28,546,000 -28,440,000 -33,429,000 -16,152,000 -48,122,000 -24,901,000 -36,052,000 -50,256,000 -37,733,000 -35,040,000 -32,919,000 -40,997,000 -47,508,000 -21,483,000 -20,240,000 -37,509,763 -862,237 -225,862 -56,882    
      capex
    		-300,917,000 -107,550,000 -77,809,000 -33,312,000 2,339,000 -33,834,000 -11,056,000 6,268,000 -7,318,000 -14,802,000 -9,632,000 -7,803,000 -9,128,000 -2,999,000 -3,664,000 -3,506,000 0 0 0 0    
      free cash flows
    		-344,395,000 -136,096,000 -106,249,000 -66,741,000 -13,813,000 -81,956,000 -35,957,000 -29,784,000 -57,574,000 -52,535,000 -44,672,000 -40,722,000 -50,125,000 -50,507,000 -25,147,000 -23,746,000 -37,509,763 -862,237 -225,862 -56,882    
      cash flows from investing activities:
    		                       
      purchase of property and equipment
    		-310,166,000 -120,456,000 -82,032,000 -30,325,000     -7,744,000 -15,228,000 -9,632,000 -8,488,000 -7,537,000 -4,660,000 -3,787,000 -4,295,000        
      net cash from investing activities
    		-310,166,000 -120,456,000 -82,032,000 -30,325,000 -22,202,000 -39,568,000 -22,345,000 -73,490,000 -7,584,000 -15,388,000 -11,538,000 13,786,000 -12,033,000 -21,567,000 -14,298,000 -21,896,000 -18,901,228 303,228 0 14,635    
      cash flows from financing activities:
    		                       
      proceeds from debt
    		24,250,000 449,248,000 0 0 35,000,000 110,000,000 0    0 0 133,000 97,000          
      repayments of debt
    		-861,000 -65,000 -48,565,000 -63,000 -62,000 -62,000 -62,000                 
      payment for debt issuance costs
    		-116,000 -6,400,000    -5,162,000 0                 
      proceeds from issuance of common stock
    		406,511,000 56,265,000 213,036,000 148,990,000       85,029,000             
      payments for third party equity issuance costs
    		-8,380,000 -1,463,000                      
      issuance of equity under employee stock plan
    		3,012,000 4,181,000 1,883,000 2,953,000   0 45,000                
      employee taxes paid for stock-based compensation awards
    		-4,654,000 -1,373,000 -1,876,000 -2,085,000 -926,000 -314,000                  
      purchase of capped call transactions
    		0 -44,528,000                      
      net cash from financing activities
    		419,762,000 455,865,000 159,541,000 294,683,000 113,563,000 212,180,000 -636,000 53,741,000 63,591,000 36,000 85,042,000 17,035,000 133,000 130,000 63,000 0 366,397,406 50,480,594      
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		-1,176,000 61,000 -421,000 390,000 -82,000 -147,000 253,000 56,000 24,000 -475,000    -482,000          
      net increase in cash, cash equivalents and restricted cash
    		64,942,000 306,924,000 48,648,000 231,319,000 75,127,000 124,343,000  -55,745,000   39,727,000 -2,842,000            
      cash, cash equivalents and restricted cash, beginning of period
    		0 567,534,000 0 0 0 88,097,000 0 0 0 239,256,000 0 0 0 324,537,000          
      cash, cash equivalents and restricted cash, end of period
    		64,942,000 874,458,000 48,648,000 231,319,000 75,127,000 212,440,000 -47,629,000 -55,745,000 5,775,000 185,696,000 39,727,000 -2,842,000 -52,739,000 255,110,000          
      supplemental disclosure of cash flow information:
    		                       
      non-cash activities:
    		                       
      right-of-use assets obtained in exchange for operating lease liabilities
    		      30,000 199,000 1,003,000 5,507,000 0 857,000 81,000 191,000          
      non-cash investing and financing activities:
    		                       
      purchases of property and equipment in accounts payable and accrued expenses
    		9,249,000 12,906,000 4,223,000 -2,987,000 2,339,000 5,734,000 11,289,000 6,268,000 426,000 426,000              
      pik interest paid through issuance of pik notes
    		0 497,000 0 0                    
      deferred asset acquisition costs paid by issuance of penny warrants
    		                       
      2034 convertible notes settled by issuance of class a common stock
    		                       
      cash paid for:
    		                       
      interest
    		-3,074,000 3,887,000 5,294,000 2,272,000 2,217,000 2,205,000                  
      income taxes
    		623,000 700,000 534,000 233,000 192,000 710,000                  
      gain on remeasurement of warrant liabilities
    		 3,206,000 -16,212,000 236,913,000 66,140,000 -18,214,000 12,468,000 -7,481,000                
      convertible notes settled by issuance of class a common stock
    		 139,620,000                      
      gain on sale of nano
    		                       
      write off of unamortized debt issuance costs
    		                       
      loss on disposal/sale of property and equipment
    		                       
      issuance of common stock for commitment shares
    		          0 142,000            
      accounts receivable
    		          248,000 -628,000 -1,143,000 -470,000 -930,000 -38,000        
      inventory
    		          0 -148,000 -1,856,000 -457,000 1,321,000 881,000        
      proceeds from sale of nano, net of cash deconsolidated and transaction costs
    		          -104,000             
      proceeds from warrant exercises
    		            0 33,000          
      settlement of warrant liabilities by issuing shares
    		  0                     
      cash paid during the fiscal year for:
    		                       
      payments for debt issuance costs
    		   -4,273,000                    
      payments for equity issuance costs
    		   -4,146,000                    
      proceeds from warrants exercises
    		                       
      purchase of property and equipment and advance launch payments
    		     -39,568,000 -22,345,000                 
      proceeds from issuance of common stock, net of issuance costs
    		     107,718,000 291,000 -91,000                
      non-cash transactions:
    		                       
      deferred revenue
    		          0 1,002,000 60,000 1,333,000 1,910,000 -166,000        
      net decrease in cash, cash equivalents and restricted cash
    		         -53,560,000    -69,427,000          
      non-cash lease expense
    		       281,000 72,000 306,000 356,000 97,000 97,000 170,000 69,000         
      operating lease liabilities
    		       -262,000 -43,000 -300,000 -357,000 -62,000 -149,000 -112,000 -44,000 -134,000        
      proceeds from the sale of nano, net of cash deconsolidated and transaction costs
    		                       
      cash paid for interest
    		                       
      (repayments of) proceeds from debt
    		        -60,000 -60,000              
      (gain) loss on remeasurement of warrant liabilities
    		         -7,498,000  15,898,000            
      bluewalker 3 satellite - construction in process
    		         -160,000 -1,802,000 -3,762,000 -4,496,000 -16,907,000 -10,511,000 -17,601,000        
      issuance of incentive equity units under employee stock plan
    		         96,000              
      proceeds from warrant exercise
    		                       
      purchases of construction in process in accounts payable and accrued expenses
    		         3,651,000              
      gain on sale of interest in nanoavionika uab
    		                       
      loss on sale of property and equipment
    		                       
      proceeds from business combination
    		              0 0        
      direct costs incurred for the business combination
    		                       
      purchases of property and equipment using proceeds from long-term debt
    		                       
      direct and incremental costs incurred for the business combination
    		               0        
      issuance of incentive units under employee stock plan
    		                       
      warrant exercises
    		                       
      effect of exchange rate changes on cash and cash equivalents
    		           -744,000            
      purchases of construction in process in accounts payable
    		           2,318,000 165,000 1,483,000 999,000 453,000        
      purchases of property and equipment in accounts payable
    		           685,000 -1,591,000 1,661,000 123,000 789,000        
      see accompanying notes to the condensed consolidated financial statements
    		                       
      depreciation
    		             1,046,000 811,000 804,000        
      amortization of intangible assets
    		             54,000 53,000 63,000        
      purchase of intangible asset
    		                       
      repayment for founder bridge loan
    		                       
      proceeds from issuance of series b preferred stock
    		                       
      issuance costs from issuance of series b preferred stock
    		                       
      proceeds from promissory note with common shareholder
    		                       
      right-of-use assets obtained in exchange for operating lease liabilities as of january 1, 2020 upon adoption of asc 842
    		                       
      change in fair value of warrant liabilities
    		               -39,401,000 43,705,000 -2,028,000      
      effect of exchange rate changes on cash
    		               -86,000        
      net increase in cash and cash equivalents
    		               -42,222,000        
      cash and cash equivalents, beginning of period
    		               0        
      cash and cash equivalents, end of period
    		               -42,222,000        
      net income
    		                -77,852,052 597,052 -549,049 -55,049 -51,977 847,252 86,668 
      adjustments to reconcile net income to cash from operating activities:
    		                       
      change in the carrying amount of right-of-use assets
    		                       
      non-cash investing activities:
    		                       
      adjustments to reconcile net income to net cash from operating activities:
    		                       
      interest earned on securities held in trust account
    		                 -21,197      
      unrealized loss on securities held in trust account
    		                       
      deferred income provision
    		                 -9,680      
      income tax payable
    		                   0    
      interest withdrawn for tax payments
    		                 303,228      
      proceeds from investors due to pipe financing
    		                 50,000,000      
      proceeds from promissory note - related party
    		                 600,000      
      redemption of common shares
    		                 -119,406      
      net change in cash
    		                 49,921,585 -225,862 -42,247    
      cash – beginning
    		                 131,151      
      cash – ending
    		                 50,052,736      
      supplemental cash flow information:
    		                       
      cash paid for income taxes
    		                 26,989 0 0    
      change in value of shares subject to redemption
    		                 477,646      
      4
    		                       
      interest earned on marketable securities held in trust account
    		                  -54,153 -88,058    
      unrealized gain on marketable securities held in trust account
    		                  1,342 4,918    
      deferred income tax provision
    		                       
      prepaid expenses
    		                  32,375 40,708    
      prepaid income tax
    		                       
      income taxes payable
    		                       
      investment of cash in trust account
    		                       
      cash withdrawn from trust account to pay franchise and income taxes
    		                       
      proceeds from sale of units, net of underwriting discounts paid
    		                       
      proceeds from sale of private placement warrants
    		                       
      advances from sponsor
    		                       
      payment of advances from sponsor
    		                       
      proceeds from promissory notes – related party
    		                       
      repayment of promissory notes – related party
    		                       
      payment of offering costs
    		                       
      initial classification of class a common stock subject to redemption
    		                       
      change in value of class a common stock subject to possible redemption
    		                       
      deferred underwriting fee payable
    		                       
      offering costs paid directly by sponsor from proceeds from issuance of class b common stock
    		                       
      less: income attributable to common stock subject to possible redemption
    		                  -1,040,283 38,161 879,752 -928,864  
      adjusted net income
    		                  -794,057 35,089 -19,477 -81,612 -93,927 
      weighted-average shares outstanding, basic and diluted
    		                  678 2,867 1,485 7,003,637 5,274,301 
      basic and diluted net income per common share
    		                  -0.11 0 0 -0.01  
      deferred tax benefit
    		                   -1,033    
      prepaid income taxes
    		                   -13,601    
      cash withdrawn from trust account for franchise and income tax payments
    		                   14,635    
      proceeds from promissory note – related party
    		                       
      repayment of promissory note – related party
    		                       
      cash – beginning of period
    		                   0    
      cash – end of period
    		                   -42,247    
      initial classification of common stock subject to redemption
    		                       
      change in value of common stock subject to possible redemption
    		                   -55,052    
      deferred offering costs paid directly by sponsor from proceeds from issuance of class b common stock
    		                       
      deferred offering costs included in accrued offering costs
    		                       
      less: income attributable to common stock subject to redemption
    		                      -180,595 
      basic and diluted net income per share
    		                      -0.02 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.