{"schema_version":"secwatch.filing_event.v1","accession":"0001706946-23-000030","form_type":"8-K","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.138498+00:00","generated_at":"2026-06-15T09:29:10.483961+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Virgin Galactic Q1 net loss $159M, cash $874M; commercial flight on track for late June","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001706946-23-000030","json":"https://secwatch.observer/filing/0001706946-23-000030.json","markdown":"https://secwatch.observer/filing/0001706946-23-000030.md","text":"https://secwatch.observer/filing/0001706946-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000170694623000030/0001706946-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000170694623000030/spce-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:29:10.483961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43280860bf12d37ed6784ae577aa36b580446d34","claim":"Virgin Galactic Holdings, Inc reported the first quarter ended March 31, 2023 results: net income Net loss of $159 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706946/000170694623000030/0001706946-23-000030-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Net income","value":"Net loss of $159 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}