Virgin Galactic Holdings (SPCE) Reports In-Line Q4 EPS

Virgin Galactic Holdings (NYSE: SPCE) reported Q4 EPS of ($0.31), in-line with the analyst estimate of ($0.31). Revenue for the quarter came in at $0 versus the consensus estimate of $520 thousand.

Recent Updates:

• Continue to prepare for next rocket-powered spaceflight from Spaceport America, targeted for May 2021. Completing modifications and conducting technical checks ahead of flight, which will include revenue-generating payloads as part of the NASA Flight Opportunities Program.
• Re-confirmed second and third spaceflights from Spaceport America, including Sir Richard Branson’s flight, and announced timing for revenue-generating spaceflight with the Italian Air Force.
• Accelerating multi-month enhancement program to mothership vehicle, VMS Eve, and preparing for second generation mothership build program.
• Continue to build senior management team:
• Appointed Swami Iyer as President of Aerospace Systems, effective end of March 2021.
• Appointed Stephen Justice as Vice President of Engineering on March 1, 2021.
• Appointed Doug Ahrens as Chief Financial Officer, effective March 1, 2021.
• Appointed Seth Zaslow as Vice President of Investor Relations on February 8, 2021.

For earnings history and earnings-related data on Virgin Galactic Holdings (SPCE) click here.

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