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Mar 31, 2020
Virgin Galactic Q1 2020 Earnings Report
Announced first quarter 2020 financial results and signed pioneering NASA Space Act Agreement.
Key Takeaways
Virgin Galactic reported a revenue of $238,000 and a net loss of $60 million for the first quarter ended March 31, 2020. The company's cash and cash equivalents stood at $419 million. Over 400 participants paid deposits to enroll in the “One Small Step” Program.
Launched “One Small Step” initiative, enabling prospective customers to secure their place for future ticket reservations.
Completed five VMS Eve carrier aircraft flights and a captive carry flight to ferry VSS Unity from Mojave, California to Spaceport America.
Cleared four new FAA Verification and Validation provisos, bringing the total number of provisos cleared to date to 24 out of 29.
Relocated VSS Unity to Spaceport America in New Mexico.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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