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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
