Virgin Galactic reports Q1 net loss $102M, revenue $2M; Galactic 07 set for June 8

Virgin Galactic Holdings, Inc

2024-Q1 EPS reported -$0.25 revenue$1,985,000

Net loss narrowed to $102M from $159M YoY; revenue rose to $2M vs $0.4M.
Cash and securities $867M; free cash flow negative $(126)M vs $(139)M YoY.
Galactic 07 mission scheduled for June 8, 2024; Delta class on track for 2026 commercial service.
VMS Eve expected to support up to 125 flights/year, $450M annual revenue run-rate with first two Delta ships.
Raised $7.3M gross via at-the-market issuance of 5.1M common shares.

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 financial results for first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 7, 2024, Virgin Galactic Holdings, Inc. (the “Company”) issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001706946-24-000102

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