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Virgin Orbit Holdings, Inc.OTCPK:VORB.Q Stock Report

Market Cap US$1.2m
Share Price
n/a
My Fair Value
n/a
1Y-99.9%
7D-50.0%
1D
Portfolio Value
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Virgin Orbit Holdings, Inc.

OTCPK:VORB.Q Stock Report

Market Cap: US$1.2m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Virgin Orbit Holdings (VORB.Q) Stock Overview

Virgin Orbit Holdings, Inc., a vertically integrated aerospace company, designs and develops rocket technologies for conducting launch operations to place payloads into orbit for small satellites across government, research, and education industries. More details

VORB.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Rewards

Revenue grew by 348.3% over the past year

Risk Analysis

Highly volatile share price over the past 3 months

Has less than 1 year of cash runway

Does not have a meaningful market cap ($1M)

Shareholders have been diluted in the past year


VORB.Q Community Fair Values

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Virgin Orbit Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Virgin Orbit Holdings
Historical stock prices
Current Share PriceUS$0.003
52 Week HighUS$4.41
52 Week LowUS$0.001
Beta1.53
1 Month Change-90.91%
3 Month Change-95.49%
1 Year Change-99.93%
3 Year Changen/a
5 Year Changen/a
Change since IPO-99.97%

Recent News & Updates

Recent updates

Seeking Alpha • Oct 20

Virgin Orbit: Space Is The Ceiling For The TAM

Summary Virgin Orbit Holdings, Inc. operates in a nascent industry that has a very large TAM. Virgin Orbit Holdings' proprietary launch technology sets it apart from peers. Virgin Orbit Holdings' strong ties with government and the Virgin brand lend strong creditability. Overview I believe Virgin Orbit Holdings, Inc. (VORB) is grossly undervalued. My thoughts are that there are strong tailwinds to support VORB’s expected growth over the coming decade. It is true that there are risks associated with VORB today given they are not generating meaningful revenue or profits, but their strong execution history gives comfort that they will be able to meet guidance. Business description VORB is a vertically integrated company engaged in providing small satellite launch capabilities. VORB has three key offerings: Commercial & Civil: catering to both the U.S. and international markets, offers dedicated and rideshare launch services. This includes the civil spaceport concept, where a foreign nation can buy or lease VORB mobile launch system ground equipment as well as the company’s aircraft, allowing the convenience of in-county launch capability. This way, any country can become spacefaring using its existing airport facilities. National Security & Defense: For U.S. and allied government customers, national security launch and mission services are offered. This includes agencies under the defense department, the intelligence community, the space force, and the Air force. Also in the pipeline is the government squadron service, where the entire air-launch system is sold to the government to be operated directly, allowing enhanced responsiveness and flexibility. VORB also offers missile defense target applications and hypersonic research and development activities due to the availability of distinct features of the LauncherOne hypersonic system. Space solutions: end-to-end value-added services for the "internet of things" and " earth observation" applications through the integration of satellite constellations owned by the company and agreements with satellite operators. Under the satellite-as-a-service model, VORB plans to use its own satellites to serve government and business clients in the US and around the world by 2023. Investments thesis Space is the ceiling for the TAM By 2030, the total addressable market [TAM] of VORB is expected to be worth USD75 billion! The space industry is vast and growing rapidly due to many factors. Because of recent technological advances, the costs of satellite manufacturing and launch have been reduced, allowing space solutions to reach multiple end-markets such as communications, maritime, logistics, and national security and defense. The advancement of space technology in the areas of satellite bandwidth and throughput, allowing for higher rates of data transfer and the miniaturizing of satellite components during the last decade, has been driven mainly by the private sector. Euroconsult Research shows that 2020 marked a milestone in the journey of commercial satellite launches, with small satellites comprising 95% of the market. VORB management estimates (as per their S-1 filing) that the small satellite industry will become a USD 29 billion business by 2029. The U.S. and its allies need to keep and improve their space capabilities because they depend more and more on space technology for national security and defense (communications, navigation, precise location information, and global monitoring are key areas of focus). Euroconsult’s Government Space Programs 2020 report predicts world governments to spend approximately USD 80 billion by 2024, investing heavily in research and development on military technologies as well as maintaining existing systems. National Defense Magazine also says that the hypersonic segment is also the part of the DoD budget that is growing the fastest, with a compound annual growth rate of 21% from 2021 to 2025. This shows how much more the sector is focusing on technological innovation. Proprietary launch technology The company appears to have shattered the paradigm of ground-based launch, which has remained virtually unaltered for 60 years, by launching rockets from a modified Boeing 747-400 airplane flying at approximately Mach 1 speeds. VORB estimates that this technology provides a platform that is 30% more effective than ground-based technologies because it is more adaptable and responsive. Among tiny rocket launchers, the company offers the lowest launch cost per kilogram. These rockets can reach any desired orbit thanks to the system's mobility, which enables it to launch from any government-licensed horizontal spaceport that can accommodate a Boeing 747-400 aircraft. The secretiveness, responsiveness, and durability of the VORB system also make it stand out and make it a better deal for their military industry clients. The fact that ESG investors favor VORB's technology is another advantage. Normally, it was necessary to locate launch facilities far from locations with a dense population of people. The majority of conventional ground launch stations were chosen on wildlife reserves. Because of the smoke and soot that are emitted, as well as the loudness of the actual blast that occurs at ground level upon rocket ignition, ground-based launch systems are often a considerable contributor to air, ground, and noise pollution. All of these elements have a substantial negative influence on the pristine natural settings that our rivals employ for launch operations. On the other hand, VORB air-launch technology gives ground-based systems a benefit by having less of an influence on the surrounding environment. Their air-launch technology only makes noise and harms the environment at a height of about 35,000 feet. This makes a big difference in the amount of noise and carbon emissions in the area and how they affect local species. Vertically integrated model improves scalability VORB can construct rocket tanks in days as opposed to months thanks to their automated composite manufacturing method. Additionally, because of their partnership with DMG MORI (GDMOF), VORB benefits from their sophisticated manufacturing technology, which has contributed to a cycle time reduction of more than ten times. Over 90% of every rocket is made within their highly integrated processes. The VORB plant is now producing four rockets, with a yearly manufacturing capacity of about 20 rockets. The factory is scalable, so expanding production capacity can be done by adding new work cell. 2Q22 earnings Strong ties with the government lend creditability to expand internationally With contracts from the Space Force, Air Force, and other organizations, as well as being chosen for the "Orbital Services Program-4" IDIQ and taking part in the "Advanced Battle Management System" exercise with USSPACECOM in September 2020, VORB has a proven record of accomplishment with government and national security contracts. VORB's management intends to continue to broaden VORB's participation abroad by utilizing the U.S. Government's enormous reach and alignment with allies. Regarding performance abroad, VORB has already launched satellites for a variety of international customers. They have additional launches scheduled for a variety of other international customers. VORB has stated ambitions to launch from foreign civil spaceports, including the United Kingdom, Japan, and Brazil, illustrates their unique capacity to also serve worldwide clients from their territory. 2Q22 earnings The Virgin brand The Virgin brand has a track record of innovation, dependability, and providing excellent customer experiences, in addition to a track record of safe flights. The reach of Virgin has been crucial in creating important client ties in the civic, commercial, national security, and defense sectors. The family of companies under Virgin Group has also provided significant potential anchor partners for VORB’s targeted applications in the space solutions business. For instance, they might be able to connect ship management for Virgin Voyages and aircraft management for Virgin Atlantic Forecast My model's primary goal is to demonstrate the significant upside if VORB can hit management's long-term guidance. First of all, the model is extremely sensitive to growth rates and margins as this is an 18-year DCF model. There are 2 stages to my model. The first stage (FY23 to FY30) is based on management guidance, and the second stage is a declining growth model (to 2% in FY40) to indicate VORB maturing. A key part of my model is a very high discount rate of 15%, as the VORB business model is still in its nascent stage, and as an investor, I would need a higher rate of return to justify investing in it
Seeking Alpha • Sep 20

Wagner join hands with Virgin Orbit to bring national air-launch capability to Australia

Wagner Corporation and Virgin Orbit (NASDAQ:VORB) have signed an agreement to assess a potential LauncherOne demonstration mission from the Toowoomba Wellcamp Airport. The move will allow the companies to begin the process of implementing a national launch capability from Australia, with the goal of providing satellite launch services from the Toowoomba Wellcamp Airport using Virgin Orbit’s LauncherOne System. Both parties are exploring the potential to certify Toowoomba Wellcamp Airport as a national spaceport to perform an orbital launch demonstration as early as 2024. The collaboration will focus its initial efforts on tailoring LauncherOne operations from Toowoomba Wellcamp Airport to comply with Australian launch licensing regulatory requirements and spaceport-specific operations. Further, both companies aim to develop a roadmap for how LauncherOne’s Mobile Ground Support Equipment and other infrastructure could be built and staged at Toowoomba Wellcamp Airport.
Seeking Alpha • Aug 12

Virgin Orbit GAAP EPS of -$0.10, revenue of $5K

Virgin Orbit press release (NASDAQ:VORB): Q2 GAAP EPS of -$0.10. Revenue of $5K, compared to $1.69M in second quarter 2021. Cash and cash equivalents of $122.1 million as of June 30, 2022. Adjusted EBITDA of ($34.4 million), compared to ($39.7 million) in the same prior year period.
Analysis Article • Apr 07

Companies Like Virgin Orbit Holdings (NASDAQ:VORB) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Seeking Alpha • Apr 01

Virgin Orbit: A Play On Rapid Growth

Virgin Orbit is not faring well fundamentally, but it's important to view the company as a growth story, not a value play. The company continues to perform operationally with its launches and it ended 2021 with a significant increase in backlog year-over-year. For investors who believe in industry forecasts, this could well be an attractive play, but investors who are value-oriented should tread cautiously.
Seeking Alpha • Jan 27

Virgin Orbit Stock: What To Consider About This Recent IPO

Virgin Orbit is now publicly traded, building on the success of its first commercial orbital launches in 2021. The company is targeting a significant opportunity in the growing demand for deployments of low Earth orbit satellites. While the stock has been volatile amid the broader market selloff, a compelling business model supports a positive long-term outlook.

Shareholder Returns

VORB.QUS Aerospace & DefenseUS Market
7D-50.0%4.5%1.5%
1Y-99.9%31.8%28.6%

Return vs Industry: VORB.Q underperformed the US Aerospace & Defense industry which returned -0.3% over the past year.

Return vs Market: VORB.Q underperformed the US Market which returned 7% over the past year.

Price Volatility

Is VORB.Q's price volatile compared to industry and market?
VORB.Q volatility
VORB.Q Average Weekly Movement74.0%
Aerospace & Defense Industry Average Movement8.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: VORB.Q's share price has been volatile over the past 3 months.

Volatility Over Time: VORB.Q's weekly volatility has increased from 42% to 74% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a97Dan Hartvirginorbit.com

Virgin Orbit Holdings, Inc., a vertically integrated aerospace company, designs and develops rocket technologies for conducting launch operations to place payloads into orbit for small satellites across government, research, and education industries. It offers launch services for commercial and civil customers; civil spaceports; national security launch and mission services to government customers, including the Space Force, Air Force, and other agencies; and space solutions. The company is headquartered in Long Beach, California.

Virgin Orbit Holdings, Inc. Fundamentals Summary

How do Virgin Orbit Holdings's earnings and revenue compare to its market cap?
VORB.Q fundamental statistics
Market capUS$1.18m
Earnings (TTM)-US$191.16m
Revenue (TTM)US$33.11m
0.0x
P/S Ratio
0.0x
P/E Ratio

Is VORB.Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VORB.Q income statement (TTM)
RevenueUS$33.11m
Cost of RevenueUS$85.74m
Gross Profit-US$52.63m
Other ExpensesUS$138.53m
Earnings-US$191.16m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.49
Gross Margin-158.98%
Net Profit Margin-577.41%
Debt/Equity Ratio81.6%

How did VORB.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/08/04 21:03
End of Day Share Price 2023/08/02 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Virgin Orbit Holdings, Inc. is covered by 2 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joshua SullivanBenchmark Company
Austin MoellerCanaccord Genuity