{"id":43518,"date":"2023-08-02T10:40:22","date_gmt":"2023-08-02T14:40:22","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/virgin-galactic-stock-falls-on-q2-revenue-miss\/"},"modified":"2023-08-02T10:40:24","modified_gmt":"2023-08-02T14:40:24","slug":"virgin-galactic-stock-falls-on-q2-revenue-miss","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=43518","title":{"rendered":"Virgin Galactic stock falls on Q2 revenue miss"},"content":{"rendered":"
\n

Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall Street\u2019s estimates.\u00a0<\/p>\n

The company\u2019s stock fell 4.6% in extended trading Tuesday after ending the regular session down 3.3%.<\/p>\n

Related:<\/strong> These are the passengers for Virgin Galactic\u2019s first private spaceflight<\/p>\n

\n

Virgin Galactic
\n SPCE,
\n -4.71%<\/bg-quote>
\n reported sales of $1.871 million, up from $357,000 in the same period last year. Analysts surveyed by FactSet were looking for revenue of $2.5 million.<\/p>\n

The company said it lost $134.4 million, or 46 cents a share, in the second quarter, compared with a loss of $110.7 million, or 43 cents a share, in the same period last year. Analysts surveyed by FactSet were looking for a loss of 51 cents a share.<\/p>\n

Related: <\/strong>SpaceX and Virgin Galactic are pushing space tourism, but most Americans plan to stay on Earth, poll finds<\/p>\n

Virgin Galactic, which is targeting Aug. 10 for the launch of its second commercial spaceflight, Galactic 02, said that its net loss was primarily driven by an increase in research and development expenses related to development of its future fleet.<\/p>\n

\u201cScheduled for next week, the \u2018Galactic 02\u2019 mission will deliver a transformational experience for our first private astronauts, and we expect to continue broadening access to space with monthly flights thereafter,\u201d said Virgin Galactic CEO Michael Colglazier, in a statement. \u201cOur financial position remains strong, and we remain focused on scaling the business and delivering our Delta Class spaceships for commercial service in 2026.\u201d<\/p>\n

Related:<\/strong> SpaceX and Virgin Galactic are pushing space tourism, but most Americans plan to stay on Earth, poll finds<\/p>\n

Revenue for each of the third and fourth quarter is expected to be approximately $1 million, Virgin Galactic said in a statement.<\/p>\n

Speaking during a conference call late Tuesday, Virgin Galactic executives explained that the company has around 800 people \u201cin the queue\u201d to fly into space with the company. <\/p>\n

Related:<\/strong> Virgin Galactic hits milestone, but full ramp of commercial operations still \u2018years away,\u2019 analyst says<\/p>\n

Whereas initial missions are being fully livestreamed in a blaze of publicity, Colglazier said that this will change, depending on customers\u2019 preferences. \u201cThere will be some flights that we want to do in a full public manner \u2013 we will find a balance,\u201d he said. \u201cIt doesn\u2019t always need to be a detailed stream of the interior of the cabin.\u201d <\/p>\n

\u201cWe will be giving that material to our astronauts,\u201d Colglazier added, with some customers opting to control what images are shared publicly from their trips to space. The CEO explained that Virgin Galactic does not want to \u201coverly commercialize\u201d the astronauts\u2019 personal experiences.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall Street\u2019s estimates.\u00a0 The company\u2019s stock fell 4.6% in extended trading Tuesday after ending the regular session down 3.3%. Related: These are the passengers for Virgin Galactic\u2019s first private spaceflight Virgin Galactic SPCE, -4.71% […]<\/p>\n","protected":false},"author":1,"featured_media":43519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-43518","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nVirgin Galactic stock falls on Q2 revenue miss | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=43518\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virgin Galactic stock falls on Q2 revenue miss | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=43518\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T14:40:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T14:40:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1690987223_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=43518#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=43518\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Virgin Galactic stock falls on Q2 revenue miss\",\"datePublished\":\"2023-08-02T14:40:22+00:00\",\"dateModified\":\"2023-08-02T14:40:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=43518\"},\"wordCount\":440,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=43518#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=43518\",\"url\":\"https:\/\/ifintechworld.com\/?p=43518\",\"name\":\"Virgin Galactic stock falls on Q2 revenue miss | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-02T14:40:22+00:00\",\"dateModified\":\"2023-08-02T14:40:24+00:00\",\"description\":\"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=43518#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=43518\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=43518#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Virgin Galactic stock falls on Q2 revenue miss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Virgin Galactic stock falls on Q2 revenue miss | iFintechWorld","description":"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=43518","og_locale":"en_US","og_type":"article","og_title":"Virgin Galactic stock falls on Q2 revenue miss | iFintechWorld","og_description":"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall","og_url":"https:\/\/ifintechworld.com\/?p=43518","og_site_name":"iFintechWorld","article_published_time":"2023-08-02T14:40:22+00:00","article_modified_time":"2023-08-02T14:40:24+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1690987223_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=43518#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=43518"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Virgin Galactic stock falls on Q2 revenue miss","datePublished":"2023-08-02T14:40:22+00:00","dateModified":"2023-08-02T14:40:24+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=43518"},"wordCount":440,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=43518#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=43518","url":"https:\/\/ifintechworld.com\/?p=43518","name":"Virgin Galactic stock falls on Q2 revenue miss | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-02T14:40:22+00:00","dateModified":"2023-08-02T14:40:24+00:00","description":"Shares of Virgin Galactic Holdings Inc. fell in extended trading Tuesday after the private space company\u2019s second-quarter revenue came in below Wall","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=43518#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=43518"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=43518#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Virgin Galactic stock falls on Q2 revenue miss"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/43518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43518"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/43518\/revisions"}],"predecessor-version":[{"id":43520,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/43518\/revisions\/43520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/43519"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}