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Virgin Galactic | 10-Q: Q3 2024 Earnings Report

Virgin Galactic | 10-Q: Q3 2024 Earnings Report

维珍银河 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/07 05:48

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Virgin Galactic reported Q3 2024 revenue of $0.4 million, down 77% from $1.7 million in Q3 2023, primarily from Future Astronaut membership fees. Net loss narrowed to $74.5 million from $104.6 million year-over-year. The company ended the quarter with $743.9 million in cash, cash equivalents and marketable securities.Research and development expenses decreased 47% to $23.9 million, benefiting from an $18.6 million reversal of accrued costs following vendor dispute settlements. Selling, general and administrative expenses fell 20% to $34.0 million due to reduced marketing costs and lower headcount. The company has approximately 700 future astronaut reservations representing about $194 million in expected revenue.Virgin Galactic completed its second spaceflight of 2024 in June before pausing Unity flights. The company opened its new manufacturing facility in Mesa, Arizona for Delta Class spaceship assembly and expects to restart commercial service in 2026. Each additional Delta Class spaceship is estimated to cost between $50-60 million to manufacture.
Virgin Galactic reported Q3 2024 revenue of $0.4 million, down 77% from $1.7 million in Q3 2023, primarily from Future Astronaut membership fees. Net loss narrowed to $74.5 million from $104.6 million year-over-year. The company ended the quarter with $743.9 million in cash, cash equivalents and marketable securities.Research and development expenses decreased 47% to $23.9 million, benefiting from an $18.6 million reversal of accrued costs following vendor dispute settlements. Selling, general and administrative expenses fell 20% to $34.0 million due to reduced marketing costs and lower headcount. The company has approximately 700 future astronaut reservations representing about $194 million in expected revenue.Virgin Galactic completed its second spaceflight of 2024 in June before pausing Unity flights. The company opened its new manufacturing facility in Mesa, Arizona for Delta Class spaceship assembly and expects to restart commercial service in 2026. Each additional Delta Class spaceship is estimated to cost between $50-60 million to manufacture.
维珍银河报告2024年第三季度营业收入为40万美元,较2023年第三季度的170万美元下降77%,主要来自未来宇航员会员费用。净亏损从去年的10460万美元缩小至7450万美元。公司在季度末的现金、现金等价物和可交易证券总额为74390万美元。研发费用下降47%至2390万美元,受益于因供应商争议和解而返还的1860万美元的应计费用。销售、一般和行政费用减少20%至3400万美元,这得益于市场营销成本降低和员工人数减少。公司有大约700个未来宇航员预订,预计营业收入约为19400万美元。维珍银河于6月完成了2024年的第二次航天飞行,之后暂停了Unity航班。公司在亚利桑那州梅萨市开设了新的制造设施,以组装Delta Class宇宙飞船,预计将在2026年重新启动商业服务。每个额外的Delta Class宇宙飞船的制造成本估计在5000-6000万美元之间。
维珍银河报告2024年第三季度营业收入为40万美元,较2023年第三季度的170万美元下降77%,主要来自未来宇航员会员费用。净亏损从去年的10460万美元缩小至7450万美元。公司在季度末的现金、现金等价物和可交易证券总额为74390万美元。研发费用下降47%至2390万美元,受益于因供应商争议和解而返还的1860万美元的应计费用。销售、一般和行政费用减少20%至3400万美元,这得益于市场营销成本降低和员工人数减少。公司有大约700个未来宇航员预订,预计营业收入约为19400万美元。维珍银河于6月完成了2024年的第二次航天飞行,之后暂停了Unity航班。公司在亚利桑那州梅萨市开设了新的制造设施,以组装Delta Class宇宙飞船,预计将在2026年重新启动商业服务。每个额外的Delta Class宇宙飞船的制造成本估计在5000-6000万美元之间。
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