Virgin Galactic Q4 net loss $151M, cash $980M; commercial service on track for Q2 2023

Virgin Galactic Holdings, Inc

2022-FY EPS reported -$1.89 revenue$2,312,000

Net loss of $151M in Q4 2022 vs $81M in Q4 2021; full year net loss $500M vs $353M.
Cash and equivalents $980M as of Dec 31, 2022; free cash flow -$135M in Q4.
Commercial service remains on track for Q2 2023; VMS Eve returned to Spaceport America.
Raised $103.3M from ATM and $425M from convertible notes in 2022.
Adjusted EBITDA -$133M in Q4 vs -$65M in prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2022 results: net income Net loss of $151 million.

Period: the fourth quarter and full year ended December 31, 2022
Net income: Net loss of $151 million
Result: reported results

Exact text from the filing

Virgin Galactic Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update

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Virgin Galactic Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001706946-23-000013

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