GALACTIC THIRD QUARTER 2022 EARNINGS UPDATE 11.03.2022 DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange ...

Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Eric Cerny - Vice President, Investor Relations Michael Colglazier - Chief Executive Officer Doug Ahrens - Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Matt Akers - Wells Fargo Oliver Chen - Cowen Kristine Liwag - Morgan Stanley Pete Osterland - Truist Securities Operator Good afternoon. My name is Irene, and I will be your conference operator today. At t ...

NA GALACTIC SECOND QUARTER 2022 EARNINGS UPDATE 08.04.2022 Comments of the Real Property of Concession of Concession of Concession DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company's spaceflight systems, markets, expected flight schedule, timing of commercial launch, completion of new motherships and launch ...

Reservations and Revenue Expectations - As of June 30, 2022, Virgin Galactic received reservations for approximately 800 spaceflight tickets, collecting about $104.8 million in deposits from future astronauts[123]. - Ticket sales for spaceflights are priced at a base price of $450,000 per seat, with approximately $212.0 million in expected future revenue from tickets sold as of June 30, 2022[132]. - The company expects to commence commercial service in the second quarter of 2023, pending the completion of maintenance and enhancements to its vehicles[131]. - The company expects to begin generating revenue from its human spaceflight program, anticipated to launch in the second quarter of 2023[183]. Spaceflight System and Development - The company has developed a fully reusable spaceflight system consisting of a mothership and a spaceship, designed to carry passengers and research payloads into space[125]. - The next generation spaceship, VSS Imagine, is expected to commence test flights in mid-2023, with private astronaut service anticipated by the fourth quarter of 2023[134]. - Research and development expenses focus on advancing the human spaceflight system, including the development of the mothership, spaceship, and hybrid rocket propulsion system[140]. - The operational capacity for commercial flights will initially be limited to a single spaceship and mothership, with plans to expand the fleet to increase annual flight rates[134]. - The company aims to provide affordable and repeatable access to microgravity for scientific research, enhancing opportunities for a broader range of individuals and organizations[127]. Financial Performance - Revenue for the three months ended June 30, 2022, was $0.4 million, a decrease of 37% from $0.6 million in the same period of 2021[152]. - Revenue for the six months ended June 30, 2022, was $0.7 million, an increase of 18% from $0.6 million in the same period of 2021[153]. - Total operating expenses for the three months ended June 30, 2022, were $110.1 million, an increase of 47.8% from $74.5 million in 2021[152]. - Net loss for the three months ended June 30, 2022, was $110.7 million, compared to a net loss of $94.0 million in the same period of 2021[152]. Research and Development Expenses - Research and development expenses increased by $27.7 million, or 80%, to $62.3 million for the three months ended June 30, 2022, compared to $34.6 million in 2021[158]. - Research and development expenses increased by $44.5 million, or 64%, to $114.2 million for the six months ended June 30, 2022, compared to $69.7 million in 2021[159]. Administrative and Other Expenses - Selling, general and administrative expenses increased by $7.8 million, or 21%, to $44.7 million for the three months ended June 30, 2022, from $36.9 million in 2021[156]. - Selling, general and administrative expenses increased by $1.5 million, or 2%, to $81.7 million for the six months ended June 30, 2022, from $80.2 million in 2021[157]. - Customer experience expenses increased by 94% to $0.1 million for the three months ended June 30, 2022, compared to $0.06 million in 2021[154]. Cash Flow and Financial Position - Net cash used in operating activities was $153.0 million for the six months ended June 30, 2022, primarily due to $203.8 million of net losses[173]. - Net cash used in investing activities was $385.5 million for the six months ended June 30, 2022, mainly from $379.3 million in marketable securities purchases[175]. - Net cash provided by financing activities was $358.5 million for the six months ended June 30, 2022, primarily from the issuance of the 2027 Notes[176]. - As of June 30, 2022, the company had cash, cash equivalents, and restricted cash totaling $370.1 million, along with $752.5 million in marketable securities[170]. Interest Income and Expense - Interest income for the three months ended June 30, 2022, was $2.0 million, compared to $0.2 million in the same period of 2021[147]. - Interest income increased by $1.8 million, or 802%, to $2.0 million for the three months ended June 30, 2022, compared to $0.2 million for the same period in 2021[163]. - Interest income for the six months ended June 30, 2022, rose by $2.3 million, or 414%, to $2.8 million from $0.5 million in 2021[164]. - Interest expense surged by $3.2 million, or 52,517%, to $3.2 million for the three months ended June 30, 2022, from less than $0.1 million in 2021[166]. - Interest expense for the six months ended June 30, 2022, increased by $5.6 million, or 43,215%, to $5.6 million from less than $0.1 million in 2021[167]. Tax and Valuation - The company maintains a valuation allowance against its net U.S. federal and state deferred tax assets due to accumulated net operating losses[169]. - The company issued the 2027 Notes with an aggregate principal amount of $425.0 million at a fixed annual interest rate of 2.50%[191]. - As of June 30, 2022, a hypothetical 100 basis point change in interest rates would not have had a material impact on the value of the company's cash equivalents or investment portfolio[192]. - The company does not use foreign currency forward contracts to manage exchange rate risk, as the amount subject to foreign currency risk is not material to overall operations[194].

ND GALACTIC FIRST QUARTER 2022 EARNINGS UPDATE 05.05.2022 DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company's expected spaceship rollout, flight schedule and financial performance. These forward-looking statements generally are identified by words such as "believe," "project," "target", "expect," "anticipat ...

Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q1 2022 Results Conference Call May 5, 2022 5:00 PM ET Company Participants Liz Calvillo - IR Michael Colglazier - CEO Doug Ahrens - CFO Conference Call Participants Greg Konrad - Jefferies Kristine Liwag - Morgan Stanley Myles Walton - UBS Oliver Chen - Cowen Robert Spingarn - Melius Research Pete Osterland - Truist Operator Good afternoon. My name is Jason, and I will be your conference operator today. At this time, I would like to welcome everyone to Virgin Gala ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38202 Virgin Galactic Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 85-3608069 | | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-38202 ____________________________ Virgin Galactic Holdings, Inc. (Exact name of registrant as specifi ...

K GALACTIC FOURTH QUARTER AND 2021 FISCAL YEAR UPDATE 02.22.2022 DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company's expected spaceship rollout, flight schedule and financial performance. These forward-looking statements generally are identified by words such as "believe," "project," "target", "expect," "an ...

Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q4 2021 Earnings Conference Call February 22, 2022 5:00 PM ET Company Participants Liz Calvillo - Investor Relations Michael Colglazier - Chief Executive Officer Doug Ahrens - Chief Financial Officer Conference Call Participants Oliver Chen - Cowen Kristine Liwag - Morgan Stanley Myles Walton - UBS Greg Konrad - Jefferies Operator Good afternoon. My name is Bethany, and I will be your conference operator today. At this time, I would like to welcome everyone to the ...