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Dec 31, 2022
Virgin Galactic Q4 2022 Earnings Report
Announced financial results for the fourth quarter and full year ended December 31, 2022, and provided a business update.
Key Takeaways
Virgin Galactic reported a net loss of $151 million for Q4 2022, compared to a net loss of $81 million in Q4 2021. The company's cash position remains strong with $980 million in cash and cash equivalents and marketable securities as of December 31, 2022. Commercial service is expected to launch in Q2 2023.
Cash position remains strong, with cash and cash equivalents and marketable securities of $980 million as of December 31, 2022.
Net loss of $151 million, compared to a $81 million net loss in the fourth quarter of 2021.
Commercial service remains on track for Q2 2023.
VMS Eve has returned to Spaceport America to begin flights with VSS Unity
Forward Guidance
Forecasted free cash flow for the first quarter of 2023 is expected to be in the range of $(135) million to $(145) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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