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SPCE Virgin Galactic

Virgin Galactic Holdings, Inc. is a vertically integrated aerospace and space travel company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. It is developing a spaceflight system designed to offer customers a unique and transformative experience.

Company profile

Ticker
SPCE
Exchange
CEO
Michael Colglazier
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Social Capital Hedosophia Holdings Corp.
SEC CIK

SPCE stock data

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Press releases

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ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Virgin Galactic Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
14 May 21
Los Angeles, California--(Newsfile Corp. - May 14, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Virgin Galactic Holdings,
SPCE Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Virgin Galactic Holdings, Inc. Investors
14 May 21
RADNOR, Pa., May 14, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Virgin
ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Virgin Galactic Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
12 May 21
Los Angeles, California--(Newsfile Corp. - May 12, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Virgin Galactic Holdings,
Thinking about buying stock in Palantir Technologies, Cerecor, Virgin Galactic, SOS, or Zomedica?
11 May 21
SPCE ALERT– Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating Virgin Galactic Holdings Inc. (NYSE: SPCE) For Potential Securities Violations and Breach of Fiduciary Duty
10 May 21

Calendar

11 May 21
16 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 629.66M 629.66M 629.66M 629.66M 629.66M 629.66M
Cash burn (monthly) 16.43M (positive/no burn) 43.22M 33.14M 16.26M 18.8M
Cash used (since last report) 25.09M n/a 65.98M 50.59M 24.82M 28.7M
Cash remaining 604.57M n/a 563.67M 579.06M 604.84M 600.95M
Runway (months of cash) 36.8 n/a 13.0 17.5 37.2 32.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Apr 21 Michael Patrick Moses Common Stock Payment of exercise Dispose F No No 22.16 878 19.46K 413,464
14 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 27.4745 12,054 331.18K 56,819,260
14 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 26.8534 1,471,946 39.53M 56,831,314
13 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 27.5131 19,749 543.36K 58,303,260
13 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 26.9071 2,180,251 58.66M 58,323,009
12 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 28.7327 37,842 1.09M 60,503,260
12 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 27.7725 242,868 6.75M 60,541,102
12 Apr 21 Virgin Investments Common Stock Sell Dispose S Yes Yes 26.819 1,619,290 43.43M 60,783,970
25 Mar 21 Michael Patrick Moses Common Stock Payment of exercise Dispose F No No 29.58 877 25.94K 414,342
24 Mar 21 Michael A Colglazier Common Stock Grant Aquire A No No 0 130,208 0 700,208

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • The success of our business will be highly dependent on our ability to effectively market and sell human spaceflights.
  • Any inability to operate our spaceflight system after commercial launch at our anticipated flight rate could adversely impact our business, financial condition and results of operations.
  • Our ability to grow our business depends on the successful development of our spaceflight systems and related technology, which is subject to many uncertainties, some of which are beyond our control.
  • Unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities could have a material adverse effect on our business, financial condition and results of operation.
  • We may not be able to convert our orders in backlog or inbound inquiries about flight reservations into revenue.
  • We have not yet tested flights at our anticipated full passenger capacity of our spaceship.
  • Any delays in the development and manufacture of additional spaceflight systems and related technology may adversely impact our business, financial condition and results of operations.
  • If we are unable to adapt to and satisfy customer demands in a timely and cost-effective manner, our ability to grow our business may suffer.
  • We may be unable to manage our future growth effectively, which could make it difficult to execute our business strategy.
  • Our prospects and operations may be adversely affected by changes in consumer preferences and economic conditions that affect demand for our spaceflights.
  • Adverse publicity stemming from any incident involving us or our competitors, or an incident involving a commercial airline or other air travel provider, could have a material adverse effect on our business, financial condition and results of operations.
  • Due to the inherent risks associated with commercial spaceflight, there is the possibility that any accident or catastrophe could lead to the loss of human life or a medical emergency.
  • We may require substantial additional funding to finance our operations, but adequate additional financing may not be available when we need it, on acceptable terms or at all.
  • Certain future operational facilities may require significant expenditures in capital improvements and operating expenses to develop and foster basic levels of service needed by the spaceflight operation, and the ongoing need to maintain existing operational facilities requires us to expend capital.
  • We rely on a limited number of suppliers for certain raw materials and supplied components. We may not be able to obtain sufficient raw materials or supplied components to meet our manufacturing and operating needs, or obtain such materials on favorable terms, which could impair our ability to fulfill our orders in a timely manner or increase our costs of production.
  • Failure of third-party contractors could adversely affect our business.
  • We expect to face intense competition in the commercial spaceflight industry and other industries in which we may develop products.
  • Our investments in developing new offerings and technologies and exploring the application of our existing proprietary technologies for other uses and those offerings, technologies or opportunities may never materialize.
  • The “Virgin” brand is not under our control, and negative publicity related to the Virgin brand name could materially adversely affect our business.
  • If we fail to adequately protect our proprietary intellectual property rights, our competitive position could be impaired and we may lose valuable assets, generate reduced revenue and incur costly litigation to protect our rights.
  • We rely on licenses from third parties for intellectual property that is critical to our business, and we would lose the rights to use such intellectual property if those agreements were terminated or not renewed.
  • Protecting and defending against intellectual property claims may have a material adverse effect on our business.
  • We have government customers, which subjects us to risks including early termination, audits, investigations, sanctions and penalties.
  • If we commercialize outside the United States, we will be exposed to a variety of risks associated with international operations that could materially and adversely affect our business.
  • Our business is subject to a wide variety of extensive and evolving government laws and regulations. Failure to comply with such laws and regulations could have a material adverse effect on our business.
  • We are subject to stringent U.S. export and import control laws and regulations. Unfavorable changes in these laws and regulations or U.S. government licensing policies, our failure to secure timely U.S. government authorizations under these laws and regulations, or our failure to comply with these laws and regulations could have a material adverse effect on our business, financial condition and results of operation.
  • Failure to comply with federal, state and foreign laws and regulations relating to privacy, data protection and consumer protection, or the expansion of current or the enactment of new laws or regulations relating to privacy, data protection and consumer protection, could adversely affect our business and our financial condition.
  • Failures in our technology infrastructure could damage our business, reputation and brand and substantially harm our business and results of operations.
  • We are highly dependent on our senior management team and other highly skilled personnel, and if we are not successful in attracting or retaining highly qualified personnel, we may not be able to successfully implement our business strategy.
  • We are subject to many hazards and operational risks that can disrupt our business, including interruptions or disruptions in service at our primary facilities, which could have a material adverse effect on our business, financial condition and results of operations.
  • Natural disasters, unusual weather conditions, epidemic outbreaks, terrorist acts and political events could disrupt our business and flight schedule.
  • Our failure to maintain an effective system of internal control over financial reporting could result in loss of investor confidence and adversely impact our stock price.
  • Our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations or any guidance we may provide.
  • The historical financial results of our financial information included elsewhere in this report may not be indicative of what our actual financial position or results of operations would have been.
  • We are subject to environmental regulation and may incur substantial costs.
  • Delaware law and our organizational documents contain certain provisions, including anti-takeover provisions, that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts that stockholders may consider favorable.
  • The provisions of our certificate of incorporation requiring exclusive forum in the Court of Chancery of the State of Delaware for certain types of lawsuits may have the effect of discouraging lawsuits against our directors and officers.
  • Our certificate of incorporation limits liability of Vieco US and Mr. Palihapitiya and their respective affiliates’ liability, including VIL, to us for breach of fiduciary duty and could also prevent us from benefiting from corporate opportunities that might otherwise have been available to us.
  • We do not intend to pay cash dividends for the foreseeable future.
  • The trading price of our common stock may be volatile, and you may be unable to sell your shares above your purchase price.
  • Any acquisitions, partnerships or joint ventures that we enter into could disrupt our operations and have a material adverse effect on our business, financial condition and results of operations.
  • We may become involved in litigation that may materially adversely affect us.
  • Changes in tax laws or regulations may increase tax uncertainty and adversely affect results of our operations and our effective tax rate.
  • The obligations associated with being a public company will involve significant expenses and will require significant resources and management attention, which may divert from our business operations.
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