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Virgin Galactic Narrows Loss as Delta-Class Testing Begins and Bookings Build for 2026 Launch Virgin Galactic reported a Q1 2026 net loss of about US$65 million on minimal revenue, with EPS coming in ahead of market estimates.
Operating expenses declined around 26% and adjusted EBITDA improved about 24%, as the company continued cost-cutting and debt repayment efforts during its pre-revenue phase.
The first Delta-class SpaceShip has been delivered to the test-and-launch hangar with ground testing underway. Flight tests are targeted for Q3 2026 and initial commercial spaceflights for Q4 2026, supported by roughly 650 future astronauts booked at US$750,000 per ticket.
The key tension here is between clear operational progress toward a 2026 commercial launch timeline and ongoing liquidity pressure that has prompted at-the-market equity raises and plans for partial debt redemption.
You should keep an eye on cash usage, additional capital-raising activity, and any changes to the commercial ramp profile into 2027, since these factors frame both dilution risk and the company’s ability to move from test flights to sustainable operations. Reported Earnings • May 17
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.81 loss per share (improved from US$2.38 loss in 1Q 2025). Net loss: US$64.7m (loss narrowed 23% from 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Aerospace & Defense industry in the US. Breakeven Date Change • May 16 The 6 analysts covering Virgin Galactic Holdings previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 66% per year to 2027. The company is expected to make a profit of US$28.3m in 2028. Average annual earnings growth of 84% is required to achieve expected profit on schedule.
Ankündigung • Apr 30
Virgin Galactic Holdings, Inc. to Report Q1, 2026 Results on May 14, 2026 Virgin Galactic Holdings, Inc. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Ankündigung • Apr 22
Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 11, 2026 Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 11, 2026. Recent Insider Transactions Derivative • Apr 12
Executive VP exercised options and sold US$88k worth of stock On the 7th of April, Sarah Kim exercised options to acquire 29k shares at no cost and sold these for an average price of US$3.07 per share. This trade did not impact their existing holding. Since June 2025, Sarah's direct individual holding has increased from 7.09k shares to 33.82k. Company insiders have collectively sold US$383k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Apr 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$438m free cash flow). Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$1.5m revenue). New Risk • Mar 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$438m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$438m free cash flow). Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Minor Risk Revenue is less than US$5m (US$1.5m revenue). Reported Earnings • Mar 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: US$5.44 loss per share (improved from US$13.90 loss in FY 2024). Net loss: US$278.9m (loss narrowed 20% from FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 5.0%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Aerospace & Defense industry in the US. Price Target Changed • Mar 30
Price target increased by 9.1% to US$4.50 Up from US$4.12, the current price target is an average from 5 analysts. New target price is 107% above last closing price of US$2.17. Stock is down 28% over the past year. The company is forecast to post a net loss per share of US$5.73 next year compared to a net loss per share of US$13.89 last year. Recent Insider Transactions Derivative • Mar 24
Executive VP exercised options and sold US$29k worth of stock On the 16th of March, Sarah Kim exercised options to acquire 12k shares at no cost and sold these for an average price of US$2.48 per share. This trade did not impact their existing holding. Since March 2025, Sarah's direct individual holding has increased from 3.94k shares to 7.03k. Company insiders have collectively sold US$77k more than they bought, via options and on-market transactions in the last 12 months. Ankündigung • Mar 24
Virgin Galactic Appoints Megan Prichard as Chief Growth Officer, Effective Effective April 6, 2026 Virgin Galactic Holdings, Inc. announced the appointment of Megan Prichard as its new Chief Growth Officer (CGO), effective April 6. In this newly established role, Prichard will lead the Company's integrated growth and revenue strategy across all business lines while strengthening Virgin Galactic’s position as the premier platform for suborbital spaceflight expeditions and scientific research. Prichard’s remit includes expanding Virgin Galactic’s existing book of business for both research missions and spaceflight expeditions, accelerating the creation of new spaceports, developing an exclusive set of brand partnerships, and identifying and entering new commercial markets building upon Virgin Galactic’s deep technical talent, intellectual property, and unrivaled experience creation capabilities. Prichard joins Virgin Galactic from Uber, where she served as Head of US Mobility Portfolio. In this capacity, Prichard was responsible for accelerating US ride hail growth and launching and scaling new business lines, including the ultra-premium Uber Elite. Megan has also served as a general manager for Uber’s E-VTOL and micromobility businesses. Before joining Uber, Prichard served as Vice President for Commercialization at Cruise, an autonomous vehicle subsidiary of General Motors. Prichard holds a bachelor’s degree in economics from Yale University and a juris doctorate from the University of Southern California’s Gould School of Law. She began her career as a management consultant at McKinsey & Company. Prichard also serves on the board of Blackline. Ankündigung • Feb 18
Virgin Galactic Holdings, Inc. to Report Q4, 2025 Results on Mar 30, 2026 Virgin Galactic Holdings, Inc. announced that they will report Q4, 2025 results After-Market on Mar 30, 2026 New Risk • Jan 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$293m Forecast net loss in 3 years: US$10m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (126% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$10m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$1.7m revenue). Breakeven Date Change • Dec 31
Forecast to breakeven in 2028 The 6 analysts covering Virgin Galactic Holdings expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$70.9m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule. New Risk • Dec 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$1.7m revenue). Ankündigung • Dec 09
Virgin Galactic Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $45.588729 million. Virgin Galactic Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $45.588729 million.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering Major Estimate Revision • Nov 20
Consensus EPS estimates upgraded to US$5.61 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.76m to US$1.72m. 2025 losses expected to reduce from -US$6.49 to -US$5.61 per share. Aerospace & Defense industry in the US expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at US$4.16. Share price fell 4.4% to US$3.46 over the past week. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: US$1.09 loss per share (improved from US$2.67 loss in 3Q 2024). Net loss: US$64.4m (loss narrowed 14% from 3Q 2024). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in the US. New Risk • Nov 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$303m Forecast net loss in 3 years: US$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$470m). Currently unprofitable and not forecast to become profitable over next 3 years (US$22m net loss in 3 years). Revenue is less than US$5m (US$1.7m revenue). Ankündigung • Oct 23
Virgin Galactic Holdings, Inc. to Report Q3, 2025 Results on Nov 13, 2025 Virgin Galactic Holdings, Inc. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 New Risk • Oct 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$470m). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$1.7m revenue). New Risk • Aug 08
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$470m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$470m). Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (US$1.7m revenue). Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: US$1.47 loss per share (improved from US$4.37 loss in 2Q 2024). Net loss: US$67.3m (loss narrowed 28% from 2Q 2024). Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Aerospace & Defense industry in the US. Major Estimate Revision • Aug 07
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.67m to US$1.93m. EPS estimate unchanged from -US$6.26 at last update. Aerospace & Defense industry in the US expected to see average net income growth of 25% next year. Consensus price target of US$4.50 unchanged from last update. Share price fell 10.0% to US$3.42 over the past week. Ankündigung • Jul 24
Virgin Galactic Holdings, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Virgin Galactic Holdings, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Price Target Changed • Jun 30
Price target decreased by 49% to US$4.46 Down from US$8.82, the current price target is an average from 6 analysts. New target price is 63% above last closing price of US$2.73. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$9.40 next year compared to a net loss per share of US$13.89 last year. New Risk • Jun 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$470m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$470m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$15m net loss in 3 years). New Risk • May 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$329m Forecast net loss in 3 years: US$15m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$15m net loss in 3 years). Major Estimate Revision • May 22
Consensus revenue estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.51m to US$1.70m. EPS estimate unchanged at -US$9.45. Aerospace & Defense industry in the US expected to see average net income growth of 20% next year. Consensus price target down from US$8.82 to US$8.11. Share price rose 4.8% to US$3.72 over the past week. Price Target Changed • May 19
Price target decreased by 53% to US$4.13 Down from US$8.82, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of US$4.33. Stock is down 78% over the past year. The company is forecast to post a net loss per share of US$9.45 next year compared to a net loss per share of US$13.89 last year. New Risk • May 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$329m Forecast net loss in 3 years: US$1.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$1.5m net loss in 3 years). New Risk • May 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$2.38 loss per share (improved from US$5.10 loss in 1Q 2024). Net loss: US$84.5m (loss narrowed 17% from 1Q 2024). Revenue exceeded analyst estimates by 61%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Aerospace & Defense industry in the US. Ankündigung • Apr 24
Virgin Galactic Holdings, Inc. to Report Q1, 2025 Results on May 15, 2025 Virgin Galactic Holdings, Inc. announced that they will report Q1, 2025 results After-Market on May 15, 2025 Ankündigung • Apr 16
Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 05, 2025 Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 05, 2025. New Risk • Apr 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$43m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$98.4m market cap). New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$43m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Major Estimate Revision • Mar 14
Consensus revenue estimates decrease by 26% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.96m to US$1.46m. EPS estimate unchanged at -US$9.54 per share. Aerospace & Defense industry in the US expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at US$8.82. Share price fell 3.0% to US$3.26 over the past week. Major Estimate Revision • Mar 05
Consensus revenue estimates increase by 50%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.31m to US$1.96m. EPS estimate fell from -US$9.11 to -US$9.51 per share. Aerospace & Defense industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$13.57 to US$8.93. Share price fell 16% to US$3.40 over the past week. Reported Earnings • Feb 27
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: US$13.90 loss per share (improved from US$29.79 loss in FY 2023). Net loss: US$346.7m (loss narrowed 31% from FY 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Aerospace & Defense industry in the US. Ankündigung • Feb 13
Virgin Galactic Holdings, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Virgin Galactic Holdings, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$67m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Price Target Changed • Nov 13
Price target decreased by 11% to US$12.17 Down from US$13.67, the current price target is an average from 6 analysts. New target price is 72% above last closing price of US$7.08. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$14.79 next year compared to a net loss per share of US$29.79 last year. Major Estimate Revision • Nov 13
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$6.21m to US$6.86m. Forecast losses expected to reduce from -US$74.25 to -US$14.79 per share. Aerospace & Defense industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$14.40 unchanged from last update. Share price rose 2.6% to US$7.06 over the past week. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: US$2.67 loss per share (improved from US$5.57 loss in 3Q 2023). Net loss: US$74.5m (loss narrowed 29% from 3Q 2023). Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Aerospace & Defense industry in the US. Ankündigung • Nov 07
Virgin Galactic Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $300 million. Virgin Galactic Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Oct 24
Virgin Galactic Holdings, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Virgin Galactic Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Price Target Changed • Oct 11
Price target decreased by 7.3% to US$12.67 Down from US$13.67, the current price target is an average from 6 analysts. New target price is 103% above last closing price of US$6.25. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$88.47 next year compared to a net loss per share of US$29.79 last year. Price Target Changed • Aug 11
Price target increased by 8.5% to US$43.20 Up from US$39.83, the current price target is an average from 5 analysts. New target price is 604% above last closing price of US$6.14. Stock is down 91% over the past year. The company is forecast to post a net loss per share of US$19.19 next year compared to a net loss per share of US$29.79 last year. Price Target Changed • Aug 09
Price target decreased by 8.7% to US$38.50 Down from US$42.17, the current price target is an average from 6 analysts. New target price is 527% above last closing price of US$6.14. Stock is down 91% over the past year. The company is forecast to post a net loss per share of US$19.19 next year compared to a net loss per share of US$29.79 last year. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$4.37 loss per share (improved from US$9.17 loss in 2Q 2023). Revenue: US$4.22m (up 125% from 2Q 2023). Net loss: US$93.8m (loss narrowed 30% from 2Q 2023). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Aerospace & Defense industry in the US. Ankündigung • Jul 25
Virgin Galactic Holdings, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Virgin Galactic Holdings, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024 Price Target Changed • Jul 17
Price target decreased by 8.8% to US$39.83 Down from US$43.67, the current price target is an average from 6 analysts. New target price is 457% above last closing price of US$7.15. Stock is down 91% over the past year. The company is forecast to post a net loss per share of US$18.91 next year compared to a net loss per share of US$29.79 last year. Ankündigung • May 30
Virgin Galactic Receives NYSE Continued Listing Standard Notice Virgin Galactic Holdings, Inc. (the Company") received a notice (the Notice") from the New York Stock Exchange (the NYSE") that it is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual (Section 802.01C"), which requires listed companies to maintain an average closing price per share of at least $1.00 over a 30 consecutive trading-day period. Pursuant to Section 802.01C, the Company has a period of six months after receipt of the Notice (the Cure Period") to regain compliance. As of the date of this Current Report on Form 8-K, the Company is in compliance with all other NYSE continued listing standards. On May 29, 2024, the Company notified the NYSE of its intent to cure the deficiency and regain compliance with Section 802.01C. On April 29, 2024, the Company made available to its stockholders and filed with the U.S. Securities and Exchange Commission (the SEC") a definitive proxy statement on Schedule 14A (the Proxy Statement") related to the Company's 2024 annual meeting of stockholders (the Annual Meeting"). The Proxy Statement includes, among other things, a stockholder voting proposal to authorize the Company's Board of Directors (the Board") to effect a reverse stock split of the Company's outstanding shares of common stock, par value $0.0001 per share (Common Stock"), after the Annual Meeting at a reverse stock split ratio ranging from any whole number between 1-for-2 and 1-for-20, as determined by the Board in its discretion (the Reverse Stock Split"), subject to the Board's authority to abandon such Reverse Stock Split. If the Company obtains stockholder approval of the Reverse Stock Split at the Annual Meeting and effects the Reverse Stock Split during the Cure Period, then the Company would expect to regain compliance with Section 802.01C at such time that the trading price per share of Common Stock promptly exceeds $1.00 per share, and remains above that level for at least the 30 trading-day period thereafter. The Company may consider various other available options to regain compliance with Section 802.01C. The Company can otherwise regain compliance with Section 802.01C at any time during the Cure Period if, on the last trading day of any month during the Cure Period, the Common Stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading-day period ending on such date. There can be no assurance that the Company will be able to regain compliance with Section 802.01C or will not otherwise be delisted from the NYSE before or after the stockholders have the opportunity to approve the Reverse Stock Splitat the Annual Meeting and/or the Company is able to effect the Reverse Stock Split. In addition, there can be no assurance that the Company will be able to obtain stockholder approval of the Reverse Stock Split at the Annual Meeting. The Common Stock will continue to be listed and trade on the NYSE under the symbol SPCE", subject to the Company's compliance with the other NYSE continued listing standards. New Risk • May 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$153m net loss in 3 years). Shareholders have been diluted in the past year (46% increase in shares outstanding). Price Target Changed • May 15
Price target decreased by 11% to US$2.37 Down from US$2.66, the current price target is an average from 7 analysts. New target price is 124% above last closing price of US$1.06. Stock is down 76% over the past year. The company is forecast to post a net loss per share of US$0.96 next year compared to a net loss per share of US$1.49 last year. Major Estimate Revision • May 14
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$5.39m to US$6.04m. Forecast losses expected to reduce from -US$1.03 to -US$0.961 per share. Aerospace & Defense industry in the US expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at US$2.64. Share price was steady at US$1.04 over the past week. Reported Earnings • May 08
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: US$0.26 loss per share (improved from US$0.57 loss in 1Q 2023). Net loss: US$102.0m (loss narrowed 36% from 1Q 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Ankündigung • May 08
Virgin Galactic Holdings, Inc. Provides Revenue Guidance for the Second Quarter of 2024 Virgin Galactic Holdings, Inc. provided revenue guidance for the second quarter of 2024. Revenue for the second quarter of 2024 is expected to be approximately $3.5 million. Ankündigung • May 01
Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 12, 2024 Virgin Galactic Holdings, Inc., Annual General Meeting, Jun 12, 2024, at 09:00 Pacific Standard Time. Agenda: To elect the director nominees listed in the Proxy Statement; to ratify the appointment of Ernst & Young LLP as Company’s independent registered public accounting firm for 2024; to approve, on an advisory (non-binding) basis, the compensation of Company’s named executive officers; to approve the Company’s Second Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan; and to consider other matters. Ankündigung • Apr 24
Virgin Galactic Holdings, Inc. to Report Q1, 2024 Results on May 07, 2024 Virgin Galactic Holdings, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Recent Insider Transactions Derivative • Apr 14
CEO, President & Director exercised options and sold US$139k worth of stock On the 9th of April, Michael Colglazier exercised options to acquire 118k shares at no cost and sold these for an average price of US$1.18 per share. This trade did not impact their existing holding. For the year to December 2020, Michael's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Michael's direct individual holding has increased from 289.09k shares to 385.54k. Company insiders have collectively sold US$242k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Apr 04
Price target decreased by 9.6% to US$2.66 Down from US$2.94, the current price target is an average from 8 analysts. New target price is 111% above last closing price of US$1.26. Stock is down 60% over the past year. The company is forecast to post a net loss per share of US$1.00 next year compared to a net loss per share of US$1.49 last year. Major Estimate Revision • Mar 05
Consensus revenue estimates decrease by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$11.2m to US$9.63m. EPS estimate unchanged at -US$0.998 per share. Aerospace & Defense industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$2.94 to US$2.75. Share price fell 15% to US$1.61 over the past week. Ankündigung • Feb 29
Virgin Galactic Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2024 Virgin Galactic Holdings, Inc. provided earnings guidance for the first quarter of 2024. For the period, the company's revenue is expected to be approximately $2 million. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: US$1.49 loss per share. Net loss: US$502.3m (flat on FY 2022). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Aerospace & Defense industry in the US. Ankündigung • Feb 14
Virgin Galactic Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024 Virgin Galactic Holdings, Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024