TUPPER LAKE, NY — Lunar infrastructure provider ispace Inc. of Japan reported an 85% drop in sales and a deeper operating loss in the three months ending June 30 compared to last year but said the declines were expected and will not prevent meeting its full-year sales target.
Ispace said the shortfall compared to last year was because of the revenue from its Mission 2 and early revenue from its Mission 5, a lunar lander contract with NASA, through Draper, which NASA cancelled in July.
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