secwatch.observer — SEC 8-K summary
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Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001706946-24-000102
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000170694624000102/0001706946-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000170694624000102/spce-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001706946-24-000102

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