Categories AlphaGraphs, Earnings, Other Industries

Virgin Galactic reopens sales, posts lower-than-expected losses in Q2

Virgin Galactic Holdings (NYSE: SPCE) reported second-quarter 2021 financial results after the regular market hours on Thursday. The space tourism company reported Q2 revenue of $571,000, higher than the Wall Street projection of $380,000. Net loss of $0.39 per share was also 6 cents narrower than the target that analysts had anticipated.

SPCE shares jumped 7% immediately following the announcement. The stock has gained 36% since the beginning of this year.

Virgin Galactic Q2 2021 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Virgin Galactic Q2 earnings call transcript

Michael Colglazier, Chief Executive Officer of Virgin Galactic, said, “Leveraging the surge in consumer interest following the Unity 22 flight, we are excited to announce the reopening of sales effective today, beginning with our Spacefarer community. As we endeavor to bring the wonder of space to a broad global population, we are delighted to open the door to an entirely new industry and consumer experience.”

Prior performance

  • Virgin galactic Q1 2021 earnings
  • Virgin Galactic Q4 2020 earnings
  • virgin galactic Q3 2020 earnings
  • virgin galactic Q2 2020 earnings

Most Popular

Redfin (RDFN) Stock: Here’s a look at the factors to consider before investing

It is estimated that the U.S. real estate industry would expand at a compound annual rate of 7% through 2026, catalyzed by the growing adoption of automation in property management

IPO news: What to look for when Four Springs Capital goes public this week

A slew of companies have lined up for their IPOs this week. Four Springs Capital Trust, a self-managed REIT, is one of them. Here’s what to look for when this

Charles Schwab (SCHW) Q4 revenue up 13%; earnings miss estimates

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported higher earnings and revenues for the fourth quarter of 2021. However, the numbers missed Wall Street’s forecast, and

Add Comment
Viewing Highlight