secwatch.observer — SEC 8-K summary
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Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001706946-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000170694624000036/0001706946-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000170694624000036/spce-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001706946-24-000036

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