Virgin Galactic Q2 revenue $2M, net loss $134M; first commercial flight completed

Virgin Galactic Holdings, Inc

2023-Q2 EPS reported -$1.03 revenue$2,263,000

Revenue $2M (up from $0.4M YoY); net loss $134M vs $111M in Q2 2022.
Adjusted EBITDA -$116M; free cash flow -$135M; cash burn $125M in operating activities.
Cash & equivalents $980M after raising $241M via ATM issuance of 55M shares.
Completed 'Galactic 01' commercial flight in June; 'Galactic 02' with private astronauts scheduled Aug 10.
Delta Class spaceships on schedule for commercial service in 2026.

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 second quarter ended June 30, 2023 results: revenue $2 million, net income Net loss of $134 million.

Period: second quarter ended June 30, 2023
Revenue: $2 million
Net income: Net loss of $134 million
Result: reported results

Exact text from the filing

with cash, cash equivalents and marketable securities of $980 million as of June 30, 2023, a sequential increase of $106 million from the first quarter of 2023. • Revenue of $2 million, compared to $0.4 million in the second quarter of 2022, driven by commercial spaceflight and membership fees related to future astronauts. • Net loss of $134 million, compared

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Virgin Galactic Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001706946-23-000096

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