Virgin Galactic GAAP EPS of -$2.66 beats by $1.10, revenue of $0.4M beats by $0.13M
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
- Virgin Galactic press release (NYSE:SPCE): Q3 GAAP EPS of -$2.66 beats by $1.10.
- Revenue of $0.4M (-76.5% Y/Y) beats by $0.13M.
- Cash position remains strong, with cash, cash equivalents and marketable securities of $744 million as of September 30, 2024.
- Revenue of $0.4 million, compared to $1.7 million in the third quarter of 2023, with the decrease driven by the pause in commercial spaceflights to focus efforts on the production of the Delta Class spaceships.
- Free cash flow for the fourth quarter of 2024 is expected to be in the range of $(115) million to $(125) million.