Virgin Galactic Holdings (NYSE:SPCE) First Quarter 2023 Results
Key Financial Results
Net loss: US$159.4m (loss widened by 71% from 1Q 2022).
US$0.57 loss per share (further deteriorated from US$0.36 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Virgin Galactic Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 70%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Aerospace & Defense industry in the US.
The company's shares are up 22% from a week ago.
Before you take the next step you should know about the 4 warning signs for Virgin Galactic Holdings that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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