Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Losses increased by $2.1 million to $502.3 million for the year ended December 31, 2023.
  • Cybersecurity risks highlighted, emphasizing potential breaches, data loss, and operational disruptions.
  • Revenue generated from commercial spaceflight operations started in June 2023, with a shift to quarterly flights.
  • Planned pause of Unity spaceflights in mid-2024 to focus on developing Delta Class spaceships.
  • Future astronaut backlog decreased by 50 to 750 as of December 31, 2023.
  • Development of Delta Class spaceships and next-generation motherships may impact business operations.
  • Workforce reduction of 185 employees (18% of workforce) announced in November 2023.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1706946&owner=exclude

Click here to download the PDF

This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.