Virgin Galactic Q2 2024: revenue $4M, net loss $94M; Delta spaceships on track for 2026

Virgin Galactic Holdings, Inc

2024-Q2 EPS reported -$9.43 revenue$6,205,000

Revenue rose to $4M (up from $2M YoY); net loss narrowed to $94M from $134M.
Cash and securities total $821M; free cash flow negative $(114)M; $64M raised via ATM.
'Galactic 07' generated record $900K per seat; VSS Unity operational phase completed.
Delta Class spaceships on schedule for commercial service in 2026; Phoenix assembly facility done.
Adjusted EBITDA improved to $(79)M from $(116)M; GAAP op expenses fell to $106M.

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