NYSE$SPCE

Virgin Galactic Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year ended December 31, 2021 and provided a business update.

Virgin Galactic reported a net loss of $81 million for Q4 2021, compared to a $104 million net loss in the fourth quarter of 2020. The company's cash position remains strong with approximately $931 million in cash, cash equivalents, restricted cash and marketable securities as of December 31, 2021. Commercial service remains on track for Q4 2022.

  • Commercial Service Remains on Track for Q4 2022
  • Current Fleet Enhancement Program On Schedule to be Completed in Q3 2022
  • Opened Ticket Sales to the General Public
  • Cash position remains strong, with cash, cash equivalents, restricted cash and marketable securities of approximately $931 million as of December 31, 2021.

Headline financials

Total Revenue

$141K

Previous: $0.00+59243697478891.6%
EPS (adj)

-$6.20

Previous: -$6.20+0.0%
Capital Expenditures

$2.18M

Previous: $3.07M-28.8%
Free Cash Flow

-$67.3M

Previous: -$73.6M+8.6%
Net Income

-$80.8M

Previous: -$74M-9.2%
Operating Income

-$81.3M

Previous: -$74.3M-9.4%
Gross Profit

$139K

No prior period
Cash & Equivalents

$524M

Previous: $666M-21.2%
Total Assets

$1.07B

Previous: $804M+32.9%
Stock-Based Comp

$13.1M

Previous: $11.7M+11.5%

Revenue & EPS history

Virgin Galactic · Revenue · Quarterly

$141K

Q4 2021+59,243,697,478,891.6%vs Q4 2020
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

Forecasted free cash flow for the first quarter of 2022 is expected to be in the range of $(75) to $(85) million.

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 Q4 2021

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro