Virgin Galactic Q4 revenue $3M, net loss $104M; cash $982M, Delta on track for 2026

Virgin Galactic Holdings, Inc

2023-FY EPS reported -$1.49 revenue$6,800,000

Q4 2023 revenue $3M (vs $1M Q4 2022); full-year revenue $7M; net loss $104M Q4, $502M FY.
Cash, cash equivalents & marketable securities $982M as of Dec 31, 2023.
Galactic 06 completed Jan 2024; Galactic 07 planned Q2 2024; spaceship factory opens mid-2024.
Delta class spaceships on track for ground/flight testing 2025 and commercial service 2026.
Adjusted EBITDA $(84)M Q4, $(427)M FY; free cash flow $(114)M Q4, $(493)M FY.

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 0.9

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $3 million, net income Net loss of $104 million.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Revenue of $3 million
Net income: Net loss of $104 million
Result: reported results

Exact text from the filing

Quarter 2023 Financial Highlights • Cash position remains strong, with cash, cash equivalents and marketable securities of $982 million as of December 31, 2023. • Revenue of $3 million, compared to $1 million in the fourth quarter of 2022, driven by commercial spaceflights and membership fees related to future astronauts. • GAAP total operating expenses of $117

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Virgin Galactic Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001706946-24-000036

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