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 |
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 |