Virgin Galactic Q1 net loss $159M, cash $874M; commercial flight on track for late June

Virgin Galactic Holdings, Inc

2023-Q1 EPS reported -$0.57 revenue$392,000

Net loss of $159M vs $93M YoY; Adj. EBITDA -$140M vs -$77M.
Cash, cash equivalents and marketable securities $874M; net cash used in ops $136M.
Commercial 'Galactic 01' on track for late June; VSS Unity glide flight cleared for spaceflight.
Generated $32M gross proceeds from 5.8M shares via ATM program.
No revenue reported; R&D expenses surged to $110M from $52M YoY.

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 first quarter ended March 31, 2023 results: net income Net loss of $159 million.

Period: the first quarter ended March 31, 2023
Net income: Net loss of $159 million
Result: reported results

Exact text from the filing

On May 9, 2023, Virgin Galactic Holdings, Inc. (the "Company") issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Virgin Galactic Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001706946-23-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.