SPACEHAB (SPAB) Reports Smaller Q3 Loss on Lighter Revenues
SPACEHAB, Incorporated (NASDAQ: SPAB) reports a Q3 loss of $0.06 on revenue of $6.6 million compared with a third quarter fiscal 2007 net loss of $0.92 per share, on revenue of $12.2 million.
Liquidity - On March 31, 2008 SPACEHAB's cash and short-term investments were approximately $8.5 million, including restricted cash of $6.5 million. Restricted cash reflects payments in advance of milestones achieved on a contract to upgrade customer-specific pre-launch facilities at the Company's VAFB location.
Update of Ongoing Operations - With the conclusion of SPACEHAB's last module mission during the nine month period, SPACEHAB has experienced a material decrease in its revenue. However, the Company continues to focus its efforts on improving overall liquidity through identifying and pursuing new business opportunities, within the areas of SPACEHAB core competencies, as well as significantly reducing operating expenses.
SPACEHAB, Incorporated provides a range of products and services that focus on the requirements of industry, governments and academia requiring access to, and utilization of the environment of space. [SM]
Liquidity - On March 31, 2008 SPACEHAB's cash and short-term investments were approximately $8.5 million, including restricted cash of $6.5 million. Restricted cash reflects payments in advance of milestones achieved on a contract to upgrade customer-specific pre-launch facilities at the Company's VAFB location.
Update of Ongoing Operations - With the conclusion of SPACEHAB's last module mission during the nine month period, SPACEHAB has experienced a material decrease in its revenue. However, the Company continues to focus its efforts on improving overall liquidity through identifying and pursuing new business opportunities, within the areas of SPACEHAB core competencies, as well as significantly reducing operating expenses.
SPACEHAB, Incorporated provides a range of products and services that focus on the requirements of industry, governments and academia requiring access to, and utilization of the environment of space. [SM]
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