Virgin Galactic Q3 revenue $0.4M, net loss $75M; Delta spaceships on track for 2026

Virgin Galactic Holdings, Inc

2024-Q3 EPS reported -$11.66 revenue$6,607,000

Revenue fell to $0.4M from $1.7M YoY as commercial spaceflights paused for Delta Class production.
Net loss improved to $75M from $105M; adjusted EBITDA loss narrowed to $59M.
Cash and marketable securities $744M; free cash flow negative $118M vs $105M prior year.
Delta Class spaceship build phase underway; commercial service target 2026.
Raised $37M via at-the-market share issuance of 4.9M shares.

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