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
After a weak start to FY25, Conagra Brands (CAG) reaffirms full-year guidance
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer-packaged goods, reported weaker-than-expected first-quarter results this week, with customers becoming increasingly budget-conscious amid elevated inflation. However, the company said it
Against a weak demand backdrop, what are Lamb Weston’s (LW) plans for the near term?
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) stayed green on Thursday. The stock has dropped 18% over the past three months. The company saw a decline in its revenue
STZ Earnings: All you need to know about Constellation Brands’ Q2 2025 earnings results
Constellation Brands, Inc. (NYSE: STZ) reported its second quarter 2025 earnings results today. Net sales grew 3% year-over-year to $2.91 billion. Comparable sales growth was also 3%. Net loss attributable