Virgin Galactic Reports Better-Than-Expected Q1 Results [Yahoo! Finance]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance
The Details: Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%. Quarterly sales came in at $2 million which beat the analyst consensus estimate of $1.92 million by 4.28% and represented a 410.2 % increase over sales of $392,000 from the same period last year. The company said its spaceship final assembly facility in Arizona is on track to open in summer 2024, and its production schedule for the Delta Class spaceships remains on track for revenue service in 2026. VMS Eve is expected to support an increased flight rate of up to 125 flights per year and have an annualized run-rate of $450 million in revenue with the first two Delta Class spaceships. View more earnings on SPCE “It's an exciting time for Virgin Galactic as we celebrate the success of VSS Unity with its upcoming ‘Galactic 07' mission and remain laser-focused on executing our Delta Class program. Tool delivery and parts fabricati
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News
- Jeff Bezos' Blue Origin is about to fly people to space for the first time in 2 years. Here's why it took so long. [Business Insider]Business Insider
- Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to $3 billion, where it was in 2000 [Yahoo! Finance]Yahoo! Finance
- Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to $3 billion, where it was in 2000 [Fortune]Fortune
- Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08Business Wire
- Why claiming your lost property can now cost you £50 [Yahoo! Finance Canada]Yahoo! Finance Canada
SPCE
Earnings
- 5/7/24 - Beat
SPCE
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/7/24 - Form 10-Q
- SPCE's page on the SEC website