Astra Space Inc (ASTR)

[santafe2]

Oops, time for another 1:15 reverse split or a quick sale. If anyone is wondering, this would be a 6 cent stock without the previous reverse split.

ASTR is a dead man walking. They lost $2.55 per share last quarter. That is, a 93 cent stock lost more than double their share price in one quarter and much more than that in the previous two quarters.

Net profit margin: -8,677%.
Cash flow per share: -$16.36.

As ASTR circles the drain Kemp is looking for a suitor.

Astra Space (ASTR) is analyzing selling a majority stake in its in-space propulsion business, among other strategic sale options, Bloomberg News reported late Tuesday, citing unnamed sources with knowledge of the matter.

The company seeks to value the in-space propulsion business at more than $100 million and is also mulling the potential disposal of various other parts of its business, such as its equipment and parts of its rocket plant, Bloomberg News reported.

Astra's Executive Chief Chris Kemp declined to comment to the news agency beyond pointing to an August announcement that the company had hired PJT Partners to advise on potential financing activities and to explore investments in its Spacecraft Engine business, according to the report.