Virgin Galactic Shares Fall After Another Quarterly Loss, No

Virgin Galactic Shares Fall After Another Quarterly Loss, No Date Set for Next Spaceflight Test


"We will report back to the market next week with an update on schedule implications to our next flight," Moses said.
The space tourism company reported an adjusted EBITDA loss of $55.9 million, down slightly from a loss of $59.5 million in the previous quarter and below the adjusted EBITDA loss of $63.6 million expected by analysts surveyed by FactSet.
The company booked zero dollars of revenue in the quarter, as it did in the prior quarter. Virgin Galactic had about $617 million in cash on hand at the end of the first quarter, down from about $666 million in the fourth quarter.
Shares of Virgin Galactic fell more than 7% in after hours trading, having closed down 8% at $17.95 a share on Monday.

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