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SPCE jumps 17% on updated flight timeline despite earnings miss

SPCE jumps 17% on updated flight timeline despite earnings miss

Virgin Galactic stock went up about 17% Tuesday morning even though their earnings report was pretty bad. They only made $0.3 million in revenue for Q4 and burned through $94.6 million in cash. Losses per share were $0.98. They also more than doubled their total share count over the last year. The reason for the stock jump is their forward guidance. Ground tests for the new SpaceShip start in April, with flight tests planned for Q3. They expect to start commercial flights by Q4 and are now charging $750k per seat. A second ship might be ready by late Q4 or early 2027. The market seems to care more about the new roadmap than the current cash burn.
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@Simonwhite 1 week ago

i have been following virgin galactic for a while and the roadmap always looks good on paper. i just hope they do not run into more delays with the ground tests in april.