Virgin Galactic loss ($0.55) vs. ($0.27) estimated

>>> VIRG IN GALACTIC'S SHARES AE OUT. >> THE COMPANY REPORTING A LOSS OF 55 CENTS A SHARE. THAT WAS WIDER THAN ANALYSTS WERE EXPECTING THAT ESTIMATE ABOUT 27 CENTS PER SHARE IN LOSSES FOR THE COMPANY. NO REVENUE REPORTED FOR THE FIRST QUARTER. THE COMPANY HAS NOT STARTED GENERATING A REVENUE GENERATING FLIGHTS THUS FAR, AND THEY ALSO NOTE IN THE PRESS RELEASE THAT THE TIMING OF THE NEXT FLIGHT TEST IS CURRENTLY BEING EVALUATED. THAT'S SOMETHING THAT THE MARKET IS HOPING FOR SOME GUIDANCE ON IN TERMS OF TIMING THERE AFTER IT'S SEEN SOME DELAYS FROM FEBRUARY BUT THE COMPANY DOES NOTE WITHOUT SPECIFYING WHAT THE DELAYS ARE IN REGARDS TO THAT THEY ARE EXPERIENCING DELAYS DUE TO BUSINESS -- I'M SORRY, DUE TO COVID-19, BUT THOSE DELAYS ARE AFFECTING THEIR BUSINESS AND OPERATIONS SO INVESTORS WILL BE LOOKING FOR A MANAGEMENT UPDATE ON THAT TEST FLIGHT SCHEDULE DURING TODAY'S CONFERENCE CALL AT 5:0

Channel: CNBC Television

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Id: vC_GrviB994

Length: 1min 20sec (80 seconds)

Published: Mon May 10 2021