Virgin Galactic reports Q4 EPS (26c), consensus (30c)

Reports Q4 revenue $2.8M, consensus $3.0M. Michael Colglazier, CEO, said, “2023 was incredible for Virgin Galactic as years of R&D and flight test culminated in launching our commercial Spaceline and successfully flying back-to-back monthly spaceflights, each delivering an exceptional experience for our customers. Now, in 2024, we are focused on completing the build-out of our spaceship factory, delivering the first parts ahead of assembling the initial Delta ships, and positioning the company for long-term growth and profitability.”