NYSE$SPCE

Virgin Galactic Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 financial results, marked by strong operational progress including successful spaceflights and FAA approval for full commercial launch license.

Virgin Galactic reported its Q2 2021 financial results, showing a net loss of $94 million and revenue of $571 thousand. The company highlighted its successful completion of two spaceflights from New Mexico and the FAA approval to expand its existing launch license.

  • Successfully completed third spaceflight; first spaceflight from Spaceport America, New Mexico; Unity 21 in May
  • Received approval from FAA for Full Commercial Launch License in June
  • Successfully completed fourth spaceflight; first with a full crew; Unity 22 in July
  • Announced reopening sales, with prices beginning at $450,000 per seat

Headline financials

Total Revenue

$571K

Previous: $0.00
EPS (adj)

-$7.80

Previous: -$6.00-30.0%
Capital Expenditures

-$1.65M

Previous: -$10.1M+83.8%
Free Cash Flow

-$95.7M

Previous: -$72.7M-31.7%
Net Income

-$94M

Previous: -$62.5M-50.4%
Operating Income

-$73.9M

Previous: -$63.2M-16.9%
Gross Profit

$508K

Previous: $0.00
Cash & Equivalents

$552M

Previous: $360M+53.3%
Total Assets

$684M

Previous: $491M+39.3%
Stock-Based Comp

$14.4M

Previous: $5.53M+161.1%

Revenue & EPS history

Virgin Galactic · Revenue · Quarterly

$571K

Q2 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Next rocket-powered spaceflight, Unity 23, is targeted for late-September.

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 Q2 2021

Historical avgQ2 2021

+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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