secwatch.observer — SEC 8-K summary
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Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001706946-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000170694623000013/0001706946-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000170694623000013/spce-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001706946-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer