secwatch.observer — SEC 8-K summary
======================================

Issuer:     Starfighters Space, Inc. (FJET)
CIK:        0001947016
Form:       8-K
Filed at:   2026-05-21T01:55:08+00:00
Accession:  0001062993-26-002822
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starfighters Space Q1 net loss widens to $4.27M on $0 revenue; cash drops to $1.40M
--------------------------------------------------------------------------------

- Revenue $0 for Q1 2026 and Q1 2025; operating expenses $4.05M (+116% YoY); net loss $4.27M (+61% YoY).
- Cash and restricted cash $2.14M at Mar 31, 2026, down from $4.01M at Dec 31, 2025.
- Basic and diluted EPS loss of $0.10 vs $0.13 loss in Q1 2025; 44.17M shares outstanding.
- STARLAUNCH 1 wind tunnel tests at Mach 0.85 and Mach 1.3 showed no adverse aerodynamic interactions.
- CEO replaced in Feb 2026 (Tim Franta appointed); Jose Arias named VP Space Ops in May 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1947016/000106299326002822/0001062993-26-002822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1947016/000106299326002822/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-002822

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer