Virgin Galactic Revenue Falls Short Ahead of Last 2024 Launch [BNN Bloomberg (Canada)]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: BNN Bloomberg
Revenue came to $1.99 million, the company said Tuesday, below analysts' consensus estimate for $2.09 million and also lower than the $2.81 million it posted last quarter. Sales were driven by commercial spaceflight operations and membership fees from future astronauts. The results show how Virgin Galactic is navigating a difficult period, with its stock tumbling and commercial business slowing. The company lost 25 cents a share in the first three months of the year, better than the 36-cent deficit analysts expected and nearly unchanged from the 26 cents it reported for the fourth quarter. Shares fell 2.9% in postmarket trading to 98 cents as of 4:15 p.m. in New York. Virgin Galactic aims to launch its remaining commercial space flight slated for this year as soon as June 8. The timing of that flight, carrying three paying tourists and a researcher to the edge of space, was delayed slightly after the company found a pin had fallen off unexpectedly during its previous spacefligh
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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