Virgin Galactic posts smaller quarterly loss -Breaking
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© Reuters. FILE PHOTO Virgin Galactic’s VSS Unity passenger rocket plane, which is carrying billionaire Richard Branson, and his crew, touches down at the edge of Spaceport America, New Mexico. It landed after it reached Spaceport America, New Mexico. July 11, 2021. REU(Reuters) – Virgin Galactic Holdings, a space tourism company (NYSE:) Inc reported a lower quarterly loss Tuesday due to supply issues that have lessened the cost of its parts.
The net loss for the three-months ended December 31 was $80.8 million or 31cs per share. This compares to $104.12 million or 44cs per share a year earlier.
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