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    Home » Virgin Galactic Q4 Financial Results
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    Virgin Galactic Q4 Financial Results

    February 27, 20242 Mins Read
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    In the most recent quarter, Virgin Galactic Holdings Inc. reported a net loss of $104 million, or 26 cents per share, compared to last year’s loss of $151 million, or 55 cents per share. This result came in better than the 30-cent loss per share expected by analysts tracked by FactSet.

    Financial Performance

    The company also disclosed an $84 million loss in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), surpassing analysts’ projection of a $104 million loss. Revenue for the period stood at $3 million, up from the previous year’s $1 million, in line with the FactSet consensus view. The increase in revenue was attributed to commercial spaceflights and membership fees from future astronauts.

    Virgin Galactic reported a healthy cash position of $982 million in cash, cash equivalents, and marketable securities. The negative free cash flow for the fourth quarter was $114 million, slightly better than the expected $130 million loss.

    Future Projections

    Looking ahead to the fiscal first quarter, Virgin Galactic anticipates negative free cash flow between $125 million to $135 million, with revenue expected to reach $2 million. Analyst estimates had pegged the figures at $129.1 million and $4 million, respectively.

    Despite the positive financial performance, the stock declined by 5% in Tuesday’s after-hours trading session.

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