Virgin Galactic Holdings Inc. misplaced much less cash than anticipated within the newest quarter, however its inventory declined in Tuesday’s prolonged session.
The aerospace and space-travel firm logged a fiscal fourth-quarter web lack of $104 million, or 26 cents a share, whereas it misplaced $151 million, or 55 cents a share, within the year-before quarter. Analysts tracked by FactSet had been anticipating a 30-cent loss per share.
Virgin Galactic
SPCE,
additionally posted an $84 million loss on the idea of adjusted earnings earlier than curiosity, taxes, depreciation and amortization (Ebitda), whereas analysts had been modeling a $104 million loss on the metric.
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The firm noticed $3 million in income for the most recent interval, up from $1 million a 12 months earlier than and matching the FactSet consensus view. The prime line was “driven by commercial spaceflights and membership fees related to future astronauts,” Virgin Galactic mentioned in its launch.
Virgin Galactic additionally mentioned it had a “strong” money place, amounting to $982 million in money, money equivalents and marketable securities. The firm noticed fourth-quarter destructive free money circulate of $114 million, whereas analysts had anticipated destructive FCF of $130 million.
See additionally: Virgin Galactic ‘blasting off to positive cash flow in mid-2026,’ analyst says
For the fiscal first quarter, Virgin Galactic fashions $125 million to $135 million in destructive FCF, together with income of $2 million. Analysts had been calling to $129.1 million and $4 million, respectively.
The inventory was down 4% in Tuesday’s after-hours buying and selling.
Source web site: www.marketwatch.com
