Virgin Galactic Announces Second Quarter 2022 Financial Results And Provides Business Update

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Go back to Virgin Galactic Announces Second Quarter 2022 Financial Results And Provides Business Update

Virgin Galactic Holdings (SPCE) Misses Q2 EPS by 7c

August 4, 2022 4:33 PM EDT

Virgin Galactic Holdings (NYSE: SPCE) reported Q2 EPS of ($0.43), $0.07 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $357 thousand versus the consensus estimate of $89.88 thousand.

Net cash used in operating activities totaled $(87) million, compared to $(65) million in the second quarter... More