{
  "url": "https://struct.news/briefs/yorks-sales-fell-21-but-ipo-cash-met-a-187m-six-month-burn",
  "title": "York's sales fell 21%, but IPO cash met a $187M six-month burn",
  "summary": "Operating cash flow was a $186.6 million outflow even as gross profit held at $22.2 million.",
  "published_at": "2026-08-14T23:46:37.306339+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "York Space Systems, Inc.",
    "ticker": "YSS",
    "cik": "1628280",
    "sector": "Industrials",
    "industry": "Aerospace & Defense"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-14",
    "accession": "0001628280-26-056874",
    "url": "https://www.sec.gov/Archives/edgar/data/2086587/000162828026056874/yss-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-05-15",
    "url": "https://www.sec.gov/Archives/edgar/data/2086587/000162828026035244/yss-20260331.htm"
  },
  "reported_figures": [
    {
      "group": "YSS latest close",
      "label": "Last close",
      "value": 10.925,
      "display": "$10.93",
      "unit": "usd_per_share",
      "period": "2026-08-14",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "YSS latest close",
      "label": "One-day move",
      "value": -4.999999999999993,
      "display": "-5.0%",
      "unit": "percent",
      "period": "2026-08-14",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-14"
      }
    }
  ],
  "watch_next": [
    {
      "type": "m_and_a",
      "statement": "Cash used in investing activities increased as York funded acquisitions of Orbion and Solestial.",
      "importance": "medium",
      "evidence": "Net cash used in investing activities increased by $21.0 million, to $29.7 million for the six months ended June 30, 2026, as compared to $8.8 million for the six months ended June 30, 2025",
      "source_date": "2026-08-14"
    },
    {
      "type": "working_capital",
      "statement": "Inventory rose faster than revenue, increasing the amount of cash tied up in stock during the latest six-month period.",
      "importance": "medium",
      "evidence": "Inventory built faster than revenue: Inventory growth exceeded revenue growth and inventory intensity increased.",
      "source_date": "2026-08-14"
    },
    {
      "type": "product_pipeline",
      "statement": "Monitor stated increase in valuation allowance attributed to deferred tax assets from R&D capitalization requirements and R&D tax credit carryforwards.",
      "importance": "medium",
      "evidence": "The increase in the valuation allowance for the three months ended March 31, 2026 compared to three months ended March 31, 2025 was primarily due to increases in deferred tax assets generated from research and development capitalization requirements and research and development credit carryforwards.",
      "source_date": "2026-05-15"
    }
  ],
  "related_tickers": [
    "YSS"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}