Virgin Galactic Holdings Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 7, 2024

SPCE$2.79-2.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(Unaudited; in thousands, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue	$4,220	$1,871	$6,205	$2,263
Operating expenses:
Spaceline operations	27,288	234	49,879	552
Research and development	41,535	86,574	100,504	196,444
Selling, general and administrative	33,931	51,437	61,815	101,802
Depreciation and amortization	3,256	3,192	6,955	6,437
Total operating expenses	106,010	141,437	219,153	305,235
Operating loss	(101,790)	(139,566)	(212,948)	(302,972)
Interest income	11,108	8,404	23,416	15,734
Interest expense	(3,230)	(3,216)	(6,457)	(6,427)
Other income, net	171	48	316	78
Loss before income taxes	(93,741)	(134,330)	(195,673)	(293,587)
Income tax expense	34	34	114	162
Net loss	(93,775)	(134,364)	(195,787)	(293,749)
Other comprehensive income (loss):
Foreign currency translation adjustment	2	34	(6)	69
Unrealized gain (loss) on marketable securities	(84)	1,885	(948)	4,986
Total comprehensive loss	$(93,857)	$(132,445)	$(196,741)	$(288,694)
Net loss per share:
Basic and diluted	$(4.36)	$(9.16)	$(9.43)	$(20.55)
Weighted-average shares outstanding:
Basic and diluted	21,484	14,661	20,752	14,294

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.