NYSE$SPCE

Virgin Galactic Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced first quarter 2020 financial results and signed pioneering NASA Space Act Agreement.

Virgin Galactic reported a revenue of $238,000 and a net loss of $60 million for the first quarter ended March 31, 2020. The company's cash and cash equivalents stood at $419 million. Over 400 participants paid deposits to enroll in the “One Small Step” Program.

  • Launched “One Small Step” initiative, enabling prospective customers to secure their place for future ticket reservations.
  • Completed five VMS Eve carrier aircraft flights and a captive carry flight to ferry VSS Unity from Mojave, California to Spaceport America.
  • Cleared four new FAA Verification and Validation provisos, bringing the total number of provisos cleared to date to 24 out of 29.
  • Relocated VSS Unity to Spaceport America in New Mexico.

Headline financials

Total Revenue

$238K

Previous: $4.18M-94.3%
EPS (adj)

-$6.00

Previous: -$0.22-2627.3%
Capital Expenditures

-$4.04M

Previous: $3.07M-231.6%
Free Cash Flow

-$64M

Previous: $4.04M-1682.1%
Net Income

-$59.9M

Previous: $4.04M-1582.3%
Operating Income

-$61M

Previous: -$133K-45727.8%
Gross Profit

$65K

Previous: $4.18M-98.4%
Cash & Equivalents

$419M

Previous: $75M+459.4%
Total Assets

$548M

Previous: $709M-22.7%
Stock-Based Comp

$4.43M

No prior period

Revenue & EPS history

Virgin Galactic · Revenue · Quarterly

$238K

Q1 2020-94.3%vs Q1 2019
Beat estimate in 2 of 7 quarters(29%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.0%

Avg return

Earnings day

-4.1%

Avg return

5 days after

-4.5%

Avg return

30 days after

49%

17 / 35 earnings

Positive

+41.1%

Q1 2025

Best reaction

-19.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+13.1%-23.5%
Q1 2026+2.1%-13.2%+35.9%
Q3 2025+10.6%+4.5%-2.1%
Q2 2025-9.8%-20.9%-14.8%
Q1 2025+41.1%+11.0%-10.4%
Q4 2024-0.3%-11.5%-21.6%
Q3 2024-8.7%+9.7%-5.8%
Q2 2024+6.6%+3.2%+3.5%
Q1 2024-3.4%-7.6%-19.6%
Q4 2023-1.7%-5.1%-16.9%
Q3 2023+6.9%+8.6%+33.9%
Q2 2023-7.5%-13.1%-41.1%
Q1 2023+2.2%-1.7%+0.7%
Q4 2022-14.0%+0.0%-26.2%
Q3 2022+8.6%+10.4%+13.5%
Q2 2022-18.1%-19.5%-30.7%
Q1 2022-17.7%-29.2%-15.7%
Q4 2021-3.7%+9.3%+15.8%
Q3 2021+7.0%-1.6%-16.8%
Q2 2021+8.4%+1.8%-21.1%
Q1 2021-7.6%-17.5%+79.3%
Q4 2020-19.3%-26.8%-35.8%
Q3 2020+5.5%+13.5%+59.4%
Q2 2020-7.7%-18.7%-23.8%
Q1 2020+10.9%+21.0%-4.9%
Q2 2019+18.3%+8.1%-30.0%
Q4 2019-16.2%-28.3%-50.2%
Q3 2019-4.7%-5.1%-10.1%
Q1 2019+0.0%+0.2%+0.0%
Q2 2018+0.1%+0.4%+1.0%
Q4 2018+0.1%+0.4%+1.0%
Q3 2018+0.5%+0.1%+0.6%
Q1 2018+0.1%-0.1%+0.4%
Q4 2017-0.2%+0.0%+0.4%
Q3 2017-1.3%-1.9%-1.9%

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