FJET 8-K SEC Filing Analysis

Latest settled — T+5d

FJET ▲ +44.85% at T+5d

SHORT call ✗ call lost -44.85% · α vs SPY -43.01% · entry $5.15 → $7.46

Next anchor: T+20d in 7d

Last close $6.18 (close Jun 12) · -20.00% from $5.15 entry (call sign-flipped)

Entry anchored
May 21, 2026
via day open

T+1d

+39.81%

call -39.81% · α -39.36%

$7.20

settled 24d ago

T+5d

+44.85%

call -44.85% · α -43.01%

$7.46

settled 17d ago

T+20d

—

call — · α —

—

in 7d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Starfighters Space reported Q1 2026 results with $0 revenue, a net loss of $4.27M (61% YoY increase), and cash burn accelerating to $3.96M in operating cash flow. The Form 10-Q includes going concern and material weakness disclosures, highlighting liquidity risk with only $2.14M in cash and restricted cash.

Actionable Insight

Monitor the company's cash runway and any future capital raises. The going concern disclosure and accelerating cash burn suggest risk of dilution or restructuring. The STARLAUNCH program milestone is a positive technical step but does not change near-term liquidity concerns.

Key Facts

Nil revenue for Q1 2026 and Q1 2025; pre-revenue stage
Net loss of $4.27M, up 61% from $2.65M in Q1 2025
Operating expenses increased 116% to $4.05M
Cash burn: net cash used in operating activities was $3.96M vs $1.67M YoY
Cash plus restricted cash fell to $2.14M as of March 31, 2026
Total stockholders' equity decreased to $22.43M from $24.9M
Going concern and material weakness disclosures in Form 10-Q
Wind tunnel testing of STARLAUNCH 1 completed with no adverse aerodynamic interactions

Financial Impact

Net loss of $4.27M, operating cash outflow of $3.96M, cash runway appears limited given current burn rate

revenuenet incomeoperating cash flowcash position

Risk Factors

Going concern risk with cash less than 2 quarters of current burn
Potential dilution from equity financing to fund operations
No revenue visibility; development-stage with uncertain path to commercialization
Material weaknesses in internal controls

Market Snapshot

Exchange

NYSE

Sector

Air Transportation, Scheduled

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001062993-26-002822
Exhibit: exhibit99-1.htm	0001062993-26-002822
Document: 0001062993-26-002822-index-headers.html	0001062993-26-002822
Document: 0001062993-26-002822-index.html	0001062993-26-002822
Document: 0001062993-26-002822.txt	0001062993-26-002822
8-K Data (Synthetic)	0001062993-26-002822

5 reports for FJET

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+60▲ +28.47%Feb 25, 2026

Filters

Reports for FJET — sortable, filterable
	Type				Now
Jun 9, 2026 5d ago	S-1 BEARISH ★ 6/10	$7.40 awaiting T+5	awaiting T+5	—	$6.18 (+16.49%)
May 22, 2026 23d ago	8-K BEARISH ★ 6/10	$7.20 $9.50	▼ −31.94%	▼ −30.29%	$6.18 (+14.17%)
May 21, 2026 25d ago	8-K BEARISH ★ 6/10	$5.15 $7.46	▼ −44.85%	▼ −43.01%	$6.18 (−20.00%)
Apr 13, 2026 8w ago	8-K BEARISH ★ 8/10	$5.06 $6.45	▼ −27.47%	▼ −26.08%	$6.18 (−22.13%)
Feb 25, 2026 15w ago	8-K BEARISH ★ 7/10	$7.20 $6.67	▲ +7.36%	▲ +6.23%	$6.18 (+14.17%)

US Market Status

Market Closed — Opens in 3h 23m

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