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Dec 31, 2023
Virgin Galactic Q4 2023 Earnings Report
Virgin Galactic reported Q4 2023 financial results, highlighting revenue growth and reduced operating expenses.
Key Takeaways
Virgin Galactic's Q4 2023 shows increased revenue driven by commercial spaceflights and membership fees, alongside reduced GAAP and non-GAAP operating expenses. The company's net loss decreased compared to the previous year, and its cash position remains strong.
Cash, cash equivalents and marketable securities totaled $982 million.
Revenue increased to $3 million, driven by commercial spaceflights and membership fees.
GAAP operating expenses decreased to $117 million from $154 million in Q4 2022.
Net loss improved to $104 million compared to $151 million in Q4 2022.
Forward Guidance
Virgin Galactic anticipates approximately $2 million in revenue and free cash flow between $(125) million and $(135) million for the first quarter of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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