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Virgin Galactic Shares Rise on Q4 Earnings Beat -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com – Virgin Galactic Holdings Inc.Following the fourth quarter earnings report, shares rose more than 6% during extended trading.

American spaceflight pioneer Sir Richard Branson reported a 31-cent loss per share on revenues of $11,000 According to analysts polled, Investing.comA per-share loss was anticipated at 34 cents

Company stated that it has cash reserves of $931 millions, which includes cash equivalents and marketable securities. The company did not mention the recent raise.

SPCE announced last week that ticket sales will open to the public beginning Wednesday. Also, the launch of private spacecraft commercial services remains on schedule for quarter four 2022.

Company forecasts that cash flows will be free for the first quarter 2022 at $(755 to $(855 million).

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