Virgin Galactic Holdings Inc. said on Tuesday that its loss per share in the first quarter of 2024 stood at $0.25, improving from a loss of $0.57 per share recorded in the same period in 2023.
The firm's first-quarter net loss came in at $102 million, down from $159.3 million seen in last year's first three-month period. During the reported quarter, Virgin Galactic saw $2 million in revenue, compared to the $400,000 registered in the prior-year trimester.
"It's an exciting time for Virgin Galactic as we celebrate the success of VSS Unity with its upcoming 'Galactic 07' mission and remain laser-focused on executing our Delta Class program," CEO Michael Colglazier said.
The company's stock was up 1.98% in the extended trading, selling at $1.03 apiece after its results came in better than expected.
