Astra Space, Inc.

[1]	(1) The Company recognized gains on change in fair value of the Convertible Notes held by the CEO and CTO of $5.3 million and $2.7 million, respectively, during the three months ended March 31, 2024.
[2]	(3) The Company recognized a gain of $13.6 million during the three months ended March 31, 2024 related to changes in fair value of Convertible Notes held by an affiliate of a director
[3]	(1) Refer to the Condensed Consolidated Statements of Operations for descriptions of related party transactions.
[4]	(2) The Company recognized gains on change in fair value of Company Warrants held by the CEO and CTO of $1.4 million and $0.7 million, respectively, during the three months ended March 31, 2024.
[5]	(4) The Company recognized a gain of $3.6 million during the three months ended March 31, 2024 related to changes in fair value of Company Warrants held by an affiliate of a director.

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Cash flows from operating activities:

Net Income (Loss)

$ 38,129

$ (44,893)

Adjustments to reconcile net income (loss) to cash flows used in operating activities

Stock-based compensation

3,509

5,328

Depreciation

1,102

778

Amortization of intangible assets

557

567

Non-cash lease expense

847

910

Gain on change in fair value of contingent consideration

(2,765)

Gain on change in fair value of convertible notes

^[1]

(47,270)

Gain on change in fair value of warrant liabilities

^[1],[2],[3]

(15,007)

Amortization of marketable securities purchased at a discount

(452)

Trade accounts receivable

(528)

(1,471)

Inventories

(1,457)

(337)

Prepaid and other current assets

442

(1,387)

Other non-current assets

(171)

Accounts payable

623

7,043

Lease liabilities

(776)

(818)

Accrued expenses and other current liabilities

(2,010)

868

Contract liabilities

9,246

Other non-current liabilities

801

Net cash used in operating activities

(12,593)

(35,999)

Cash flows from investing activities:

Proceeds from sales of marketable securities

23,750

Purchases of property, plant and equipment

(33)

(5,031)

Net cash provided by investing activities

(33)

18,719

Cash flows from financing activities:

Proceeds from issuance of convertible notes

11,961

Proceeds from issuance of warrants

2,234

Proceeds from issuance of common stock under equity award and purchase plans

107

441

Net cash provided by financing activities

14,302

441

Net increase (decrease) in cash and cash equivalents

1,676

(16,839)

Cash and cash equivalents and restricted cash at beginning of period

5,449

33,644

Cash and cash equivalents and restricted cash at end of period

7,125

16,805

Non-cash investing and financing activities:

Assets acquired included in accounts payable, accrued expenses and other current liabilities

$ 249

$ 1,262

[1]	(1) Refer to the Condensed Consolidated Statements of Operations for descriptions of related party transactions.
[2]	(2) The Company recognized gains on change in fair value of Company Warrants held by the CEO and CTO of $1.4 million and $0.7 million, respectively, during the three months ended March 31, 2024.
[3]	(4) The Company recognized a gain of $3.6 million during the three months ended March 31, 2024 related to changes in fair value of Company Warrants held by an affiliate of a director.

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 6,621

$ 3,949

Restricted cash

504

1,500

Trade accounts receivable

1,972

1,444

Inventories

16,831

15,375

Prepaid and other current assets

8,737

9,181

Total current assets

34,665

31,449

Non-current assets:

Property, plant and equipment, net

25,783

26,852

Right-of-use asset

8,587

9,433

Intangible assets, net

7,329

7,886

Other non-current assets

1,800

Total assets

78,164

77,420

Current liabilities:

Accounts payable

5,420

4,798

Operating lease obligation, current portion

3,821

3,802

Contract liabilities, current portion

30,347

26,951

Accrued expenses and other current liabilities

11,639

13,651

Warrants to purchase common stock

^[1],[2]

5,781

18,554

Convertible Notes

^[3],[4]

28,211

63,520

Total current liabilities

85,219

131,276

Non-current liabilities:

Operating lease obligation, net of current portion

5,261

6,056

Contract liabilities, net of current portion

19,266

13,416

Other non-current liabilities

2,111

Total liabilities

111,857

152,859

Commitments and Contingencies (Note 7)

STOCKHOLDERS' DEFICIT

Additional paid in capital

1,926,346

1,922,730

Accumulated other comprehensive loss

Accumulated deficit

(1,960,068)

(1,998,197)

Total stockholders' deficit

(33,693)

(75,439)

Total liabilities and stockholders' deficit

78,164

77,420

Preferred Stock [Member]

STOCKHOLDERS' DEFICIT

Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023

Common Class A [Member]

Current liabilities:

Warrants to purchase common stock

1,500

STOCKHOLDERS' DEFICIT

Common stock Value

Common Class B [Member]

STOCKHOLDERS' DEFICIT

Common stock Value

$ 6

[1]	(1) Warrants to purchase common stock includes Company Warrants (the "Company Warrants") issued to our Chief Executive Officer (the "CEO") and our Chief Technology Officer (the "CTO") in conjunction with the Convertible Notes issued November 21, 2023. As of March 31, 2024, the fair values of the CEO's and CTO's Company Warrants were $0.3 million and $0.2 million, respectively. As of December 31, 2023, the fair values of the CEO's and CTO's Company Warrants were $1.7 million and $0.9 million, respectively.
[2]	(4) An affiliate of a director held Company Warrants with a fair value of $0.9 million and $4.5 million as of March 31, 2024 and December 31, 2023, respectively.
[3]	(2) The CEO and CTO hold Convertible Notes whose fair values were $2.0 million and $1.0 million, respectively as of March 31, 2024 and $7.1 million and $3.6 million, respectively as of December 31, 2023.
[4]	(3) An affiliate of a director held Convertible Notes with a fair value of $4.7 million and $18.3 million as of March 31, 2024 and December 31, 2023, respectively.