Virgin Galactic Holdings Inc. lost. made less money than expected last quarter, but its shares fell in Tuesday's extended session.
The aerospace and space travel company reported a net financial loss in the fourth quarter of $104 million, or 26 cents per share, while it lost $151 million, or 55 cents per share, in the previous year's quarter. Analysts tracked by FactSet were expecting a loss of 30 cents per share.
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It also reported a loss of $84 million on an adjusted earnings before interest, tax, depreciation and amortization (Ebitda) basis, while analysts were modeling a loss of $104 million on the scale.
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The company saw revenue of $3 million in the latest period, up from $1 million a year earlier, matching the FactSet consensus view. The top line was “driven by commercial spaceflight and membership fees related to future astronauts,” Virgin Galactic said in its statement.
Virgin Galactic also said it has a “strong” cash position, amounting to $982 million in cash, cash equivalents and marketable securities. The company saw negative free cash flow in the fourth quarter of $114 million, while analysts expected negative cash flow of $130 million.
See also: Virgin Galactic “is on track to positive cash flow in mid-2026,” the analyst says.
For its fiscal first quarter, Virgin Galactic expects $125 million to $135 million of negative free cash flow, along with revenue of $2 million. Analysts were expecting $129.1 million and $4 million, respectively.
The stock fell 4% in after-hours trading on Tuesday.
