Virgin Galactic Holdings Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
SPCE$2.79-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited; in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $1,985 | $392 |
| Operating expenses: | ||
| Spaceline operations | 22,591 | 318 |
| Research and development | 58,969 | 109,870 |
| Selling, general and administrative | 27,884 | 50,365 |
| Depreciation and amortization | 3,699 | 3,245 |
| Total operating expenses | 113,143 | 163,798 |
| Operating loss | (111,158) | (163,406) |
| Interest income | 12,308 | 7,330 |
| Interest expense | (3,227) | (3,211) |
| Other income, net | 145 | 30 |
| Loss before income taxes | (101,932) | (159,257) |
| Income tax expense | 80 | 128 |
| Net loss | (102,012) | (159,385) |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustment | (8) | 35 |
| Unrealized gain (loss) on marketable securities | (864) | 3,101 |
| Total comprehensive loss | $(102,884) | $(156,249) |
| Net loss per share: | ||
| Basic and diluted | $(0.25) | $(0.57) |
| Weighted-average shares outstanding: | ||
| Basic and diluted | 400,387 | 278,450 |
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