SPCE - Virgin Galactic Q4 Earnings Highlights: Revenue Miss EPS Beat Q1 Guidance Spaceship Update And More | Benzinga
Space tourism company Virgin Galactic Holdings (NYSE:SPCE) reported fourth-quarter financial results after market close Tuesday.
Here are the key highlights.
What Happened: Earnings per share came in at a loss of 26 cents, beating the estimate of a loss of 30 cents. The revenue total missed a Street consensus estimate of $2.98 million, coming in at $2.81 million, according to data from Benzinga Pro.
The company reported a net loss of $104 million in the fourth-quarter, which was an improvement on a net loss of $151 million in the prior year's fourth quarter.
"2023 was incredible for Virgin Galactic as years of R&D and flight test culminated in launching our commercial ...