Virgin Galactic Holdings Inc (N:SPCE)

Sector:  Industrials Industry:  Aerospace & Defense
 
See Regulatory Filings on SEC
Company Contact
Address: 1700 FLIGHT WAY
TUSTIN CA 92782
Tel: N/A
Website: https://www.virgingalactic.com
IR: See website
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Key People
Michael A. Colglazier
President, Chief Executive Officer, Director
Douglas T. Ahrens
Chief Financial Officer, Executive Vice President, Treasurer
Michael Moses
President - Space Missions and Safety
Aparna Chitale
Chief People Officer, Executive Vice President
Sarah Kim
Executive Vice President, Company Secretary, Chief Legal Officer
Alistair Burns
Senior Vice President, Chief Information Officer
Business Overview
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers, and government agencies. The Company's operations include design and development, manufacturing, ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The Company has developed a portfolio of proprietary technologies that are embodied in the specialized vehicles that it has created to enable commercial spaceflight. These technologies include carrier aircraft, the mothership; its spaceships; its hybrid rocket motor, and its safety systems. Its Carrier Aircraft-The Mothership is a twin-fuselage, custom-built aircraft designed to carry spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space. Its Virgin Galactic spaceships are reusable with the capacity to carry pilots and private astronauts, research experiments and researchers.
Financial Overview
For the fiscal year ended 31 December 2023, Virgin Galactic Holdings Inc revenues increased from $2.3M to $6.8M. Net loss decreased less than 1% to $502.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Interest income increase from $12.5M to $42.2M (income), Research and development expenses - Bala decrease of 5% to $286.1M (expense).
Employees: 805 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $127.91M as of Dec 31, 2023
Annual revenue (TTM): $6.80M as of Dec 31, 2023
EBITDA (TTM): -$513.74M as of Dec 31, 2023
Net annual income (TTM): -$502.34M as of Dec 31, 2023
Free cash flow (TTM): -$492.50M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 400,040,013 as of Feb 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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