Categories AlphaGraphs, Earnings, Industrials
Infographic: Highlights of Virgin Galactic’s (SPCE) Q3 2023 earnings
Virgin Galactic Holdings (NYSE: SPCE) has reported financial results for the third quarter of 2023. The space tourism company reported revenues of $1.73 million for the three-month period, which is more than double the revenue it generated in the prior-year quarter.
Virgin incurred a net loss of $104.6 million or $0.28 per share in the third quarter, compared to a loss of $145.6 million or $0.55 per share in the corresponding period of last year. Research & development expenses decreased 54% to $44.8 million.
“With our third quarter cash and marketable securities position of approximately $1.1 billion, we forecast having sufficient capital to bring our first two Delta ships into service and achieve positive cash flow in 2026,” said Michael Colglazier, chief executive officer of Virgin Galactic.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its