Virgin Galactic's Halt in Tourism Flights Batters Sales, Cash [Yahoo! Finance Canada]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg Revenue in the period ending Sept. 30 came to $0.4 million, slightly below the $0.53 million consensus of analysts surveyed by Bloomberg. That's about a 77% plunge from the $1.7 million in the same period a year ago. Virgin Galactic's stock was little changed in postmarket trading as of 4:17 p.m. in New York. The California-based company is preparing to ramp up staffing at its manufacturing hub in Arizona ahead of parts delivery and assembly for Delta, the company said in a release announcing its third quarter results. Virgin Galactic also announced it has finished initial flight control testing for Delta and reiterated the new six-seat craft will be ready to begin commercial operations in 2026. However, some analysts have sounded alarms over the lack of revenue during the lengthy development period. Virgin Galactic reported a loss per share of $2.66. Its cash and cash equivalents came to $172.4 million, a 25% drop from a year ago. The company has b
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SPCE
Earnings
- 11/6/24 - Beat
SPCE
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- SPCE's page on the SEC website