Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Eric Cerny - Vice President, Investor Relations Michael Colglazier - President and Chief Executive Officer Doug Ahrens - Chief Financial Officer Conference Call Participants Gregory Konrad - Jefferies Oliver Chen - TD Cowen Myles Walton - Wolfe Research Michael Leshock - KeyBanc Capital Markets Operator Good afternoon. My name is Sarah and I'll be your conference operator today. At this ...

Virgin Galactic (SPCE) came out with a quarterly loss of $4.36 per share versus the Zacks Consensus Estimate of a loss of $5.40. This compares to loss of $9.20 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.26%. A quarter ago, it was expected that this company would post a loss of $5.20 per share when it actually produced a loss of $5, delivering a surprise of 3.85%. Over the last four quarters, the company has surpassed c ...

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 June 30, 2024 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) | --- | --- | |------------------------- ...

Exhibit 99.1 Virgin Galactic Announces Second Quarter 2024 Financial Results And Provides Business Update • 'Galactic 07' Mission Successfully Completed VSS Unity's Operational Phase, Delivering Record per Seat Revenue of $900K • Accelerating Pace of Tool Development and Parts Fabrication as Focus Shifts to Build and Test Phases of Delta Class Spaceships • Delta Class Spaceships on Track for Commercial Service in 2026 ORANGE COUNTY, CALIFORNIA – August 7, 2024 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) ( ...

Virgin Galactic Holdings, Inc. (SPCE) is slated to report second-quarter 2024 results on Aug 7, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 3.85%. Virgin Galactic has a trailing four-quarter negative earnings surprise of 15.91%, on average. Factors to Note Solid revenues generated from commercial spaceflight must have boosted Virgin Galactic's top-line performance in the second quarter. To this end, it is imperative to mention that in June 2024, the co ...

Commercial space flight is becoming more and more common, with companies including SpaceX, Blue Origin and Virgin Galactic all transporting paid customers into space over the last several years. People interested in seeing the earth from an unusual vantage point may soon have another option. CNBC spoke to three startups — France-based Zephalto, Florida-based Space Perspective and Arizona-based World View — that aim to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled ballo ...

A reverse stock split didn't help Virgin Galactic this week. A reverse stock split can't save Virgin Galactic That wasn't the case, despite no real news from Virgin Galactic itself. The company is in a pretty quiet period while it's building the Delta class spacecraft and completing both ground and flight testing. But commercial operations aren't expected to start until at least mid-2026, so the company needs to lower its cash burn dramatically and save as much cost as possible. Any turnaround is a long way ...

Risk is still high, but the reward for investors could be even higher. *Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024. Virgin Galactic (SPCE -13.42%) stock has fallen so far that it has more cash on the balance sheet than the value of the entire company. If the company can get to a commercial launch in two years, the upside for investors is tremendous, which Travis Hoium covers in this video. ...

Things are not looking great for Virgin Galactic (SPCE -14.19%). Handing out shares like monopoly money Last night, the company announced (as required by NYSE Listing Rule 303A.08) that it awarded 1,741 Virgin Galactic "restricted stock units" (RSUs) to an unnamed "new non-executive employee." These free shares don't entirely vest for four years, incentivizing the employee not to quit before then. Since confirming its decision to run a 1-for-20 reverse share split last week (shrinking its share count by 20x ...

Well, it seems I was too optimistic. Virgin Galactic is no longer a penny stock -- for now. Instead, Virgin Galactic's share price has plunged, and as of 11:50 a.m. ET Monday is down 17.2% at $11.34. This was probably unavoidable. As I explained last week, and also two months prior, Virgin Galactic is a company in decline. Its sole operational spaceplane, Unity, has been retired, and the company can't fly space tourists, or make revenue from space tourism flights, until it builds a new Delta spaceplane curr ...