Mar 31, 2021

Virgin Galactic Q1 2021 Earnings Report

Announced first quarter 2021 financial results.

Key Takeaways

Virgin Galactic reported a net loss of $130 million and cash and cash equivalents of $617 million as of March 31, 2021.

Unveiled VSS Imagine, the first SpaceShip III class vehicle in Virgin Galactic’s growing fleet, on March 30, 2021.

Total Future Astronauts remained at approximately 600, as of March 31, 2021.

Established and launched the Virgin Galactic Space Advisory Board, composed of leading experts from the aerospace sector.

Announced a three-year extension to the global Land Rover partnership.

EPS
-$11
Previous year: -$6
+83.3%
Adjusted EBITDA
-$55.9M
Cash and Equivalents
$617M
Previous year: $419M
+47.0%
Free Cash Flow
-$49.6M
Previous year: -$60.3M
-17.8%
Total Assets
$748M
Previous year: $548M
+36.5%

Virgin Galactic

Virgin Galactic