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Virgin Galactic | 8-K: Virgin Galactic Announces Third Quarter 2024 Financial Results And Provides Business Update

Virgin Galactic | 8-K: Virgin Galactic Announces Third Quarter 2024 Financial Results And Provides Business Update

维珍银河 | 8-K:维珍银河公布2024年第三季度财务业绩并提供业务最新情况
美股SEC公告 ·  2024/11/07 05:21

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Virgin Galactic reported Q3 2024 financial results with revenue declining to $0.4M from $1.7M YoY, primarily due to paused commercial spaceflights to focus on Delta Class spaceship production. The company posted a net loss of $75M, improved from $105M loss in Q3 2023, driven by lower operating expenses of $82M compared to $116M YoY.The company maintains a strong cash position with $744M in cash and marketable securities as of September 30, 2024. The Delta Class spaceship program remains on schedule for commercial service in 2026, with initial flight-control testing completed and preparations underway for staffing ramp-up at the Phoenix-Mesa Spaceship Factory.Management expects Q4 2024 free cash flow to be between $(115)M and $(125)M. The company raised $37M through the issuance of 4.9M shares via at-the-market offering programs during Q3.
Virgin Galactic reported Q3 2024 financial results with revenue declining to $0.4M from $1.7M YoY, primarily due to paused commercial spaceflights to focus on Delta Class spaceship production. The company posted a net loss of $75M, improved from $105M loss in Q3 2023, driven by lower operating expenses of $82M compared to $116M YoY.The company maintains a strong cash position with $744M in cash and marketable securities as of September 30, 2024. The Delta Class spaceship program remains on schedule for commercial service in 2026, with initial flight-control testing completed and preparations underway for staffing ramp-up at the Phoenix-Mesa Spaceship Factory.Management expects Q4 2024 free cash flow to be between $(115)M and $(125)M. The company raised $37M through the issuance of 4.9M shares via at-the-market offering programs during Q3.
维珍银河报告了2024年第三季度的财务结果,营业收入从去年同期的170万美元下降至40万美元,主要由于暂停商业航天飞行以专注于Delta级飞船的生产。该公司报告净亏损为7500万美元,相较于2023年第三季度的10500万美元有所改善,得益于营业费用从去年同期的11600万美元降低至8200万美元。截至2024年9月30日,公司保持强劲的现金状况,拥有74400万美元的现金和可流通证券。Delta级飞船项目按计划于2026年投入商业服务,初步的飞行控制测试已完成,正在进行凤凰城-梅萨飞船工厂的人员增加准备。管理层预计2024年第四季度自由现金流将在(115)百万美元至(125)百万美元之间。该公司在第三季度通过市场增发计划发行490万股筹集了3700万美元。
维珍银河报告了2024年第三季度的财务结果,营业收入从去年同期的170万美元下降至40万美元,主要由于暂停商业航天飞行以专注于Delta级飞船的生产。该公司报告净亏损为7500万美元,相较于2023年第三季度的10500万美元有所改善,得益于营业费用从去年同期的11600万美元降低至8200万美元。截至2024年9月30日,公司保持强劲的现金状况,拥有74400万美元的现金和可流通证券。Delta级飞船项目按计划于2026年投入商业服务,初步的飞行控制测试已完成,正在进行凤凰城-梅萨飞船工厂的人员增加准备。管理层预计2024年第四季度自由现金流将在(115)百万美元至(125)百万美元之间。该公司在第三季度通过市场增发计划发行490万股筹集了3700万美元。
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