SEC Filing Summary: SPACEHAB, Incorporated (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by SPACEHAB, Incorporated on October 8, 2004, covering events occurring on October 6, 2004. The registrant is incorporated in Washington and operates from Webster, Texas. The filing addresses a material definitive agreement regarding a claim against NASA.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed relates to a contractual claim:
- Claim Amount: $8.0 million (plus interest) based on a contractually-stipulated provision.
- Expected Timing: The Company intends to pursue receipt of these funds in the current fiscal quarter.
Material Changes
The primary material event is NASA's determination regarding SPACEHAB's claim for the loss of its Research Double Module, which was destroyed during the STS-107 space shuttle tragedy. NASA has determined that its liability is limited to the $8.0 million contract provision.
Outlook, Risks, and Management Commentary
Management is actively pursuing the collection of the $8.0 million plus interest. The filing references a press release (Exhibit 99.1) for further details. No specific forward-looking guidance, risk factors, or contingencies beyond the resolution of this specific claim are detailed in the text of this report.
Investor Verification Checklist
- Verify the status of the $8.0 million payment from NASA and the timeline for receipt.
- Review the attached Press Release (Exhibit 99.1) for additional context on the STS-107 claim resolution.
- Confirm the impact of this $8.0 million inflow on the Company's current fiscal quarter liquidity and earnings.
- Check subsequent filings for any updates on the collection of interest on the claim.