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Dec 31, 2021
Virgin Galactic Q4 2021 Earnings Report
Announced financial results for the fourth quarter and full year ended December 31, 2021 and provided a business update.
Key Takeaways
Virgin Galactic reported a net loss of $81 million for Q4 2021, compared to a $104 million net loss in the fourth quarter of 2020. The company's cash position remains strong with approximately $931 million in cash, cash equivalents, restricted cash and marketable securities as of December 31, 2021. Commercial service remains on track for Q4 2022.
Commercial Service Remains on Track for Q4 2022
Current Fleet Enhancement Program On Schedule to be Completed in Q3 2022
Opened Ticket Sales to the General Public
Cash position remains strong, with cash, cash equivalents, restricted cash and marketable securities of approximately $931 million as of December 31, 2021.
Forward Guidance
Forecasted free cash flow for the first quarter of 2022 is expected to be in the range of $(75) to $(85) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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