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space (spās) n. 1. space beyond the atmosphere of the earth.

prag·ma·tism (prgm-tzm) n. A way of approaching situations or solving problems that emphasizes practical applications and consequences.

Tuesday, May 16, 2006

SpaceDev's Revenue for First Quarter Fiscal 2006

SpaceDev reported their revenue and earnings for the firsts quarter of 2006 this morning. Revenue was up 290% from $1.8 million last year to $7.2 million.

Income was down from $101,000 to $7000, but that was due to a stock option expense as well as additional expenditures related to preparation of two contract proposals during the first quarter of 2006. SpaceDev won a contract with the Air Force Research Laboratory Space Vehicles Directorate on one of the proposals. The other one was NASA's COTS program. SpaceDev is one of six finalists for COTS.

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