SPCE Earnings Prediction
The chart below shows how SPCE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SPCE sees a -4.37% change in stock price 10 days leading up to the earnings, and a +0.67% change 10 days following the report. On the earnings day itself, the stock moves by -1.96%. This data can give you a slight idea of what to expect for the next quarter's release.
SPCE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
402.00K
-76.74%
-90.47%
Gross Margin
-5923.63%
276.24%
849.62%
Operating Margin
-20330.35%
207.43%
742.85%
Net Margin
-18542.29%
206.31%
734.43%
EPS
-2.66
-850.00%
-38.99%
No Data Available
SPCE Earnings Analysis
Virgin Galactic Holdings, Inc. Corporation (SPCE.N) Earnings Conference Call
Positive
Quarterly Revenue Highlights: Revenue for the quarter was $402,000 driven by future astronaut membership ship fees.
Operating Expense Reduction: Total operating expenses were $82 million, compared to $116 million in the prior year period, primarily driven by lower R&D and SG&A expenses.
Increased Capital Expenditures: Capital expenditures for the quarter were $39 million, compared to $13 million in the prior year period as we ramped up investment in property, plant, and equipment related to development of our Delta Class fleet.
Strong Balance Sheet: Our balance sheet remains strong with $744 million in cash, cash equivalents, and marketable securities.
Revenue and EBITDA Growth: We expect to double our revenue, while quadrupling EBITDA by leveraging our fixed cost base at Spaceport America in New Mexico.
Negative
Operating Expenses Reduction: Total operating expenses were $82 million, compared to $116 million in the prior year period, primarily driven by lower R&D and SG&A expenses.
Negative Free Cash Flow: Free cash flow was negative $118 million in the third quarter, compared to negative $105 million in the same period last year.
Increased Capital Expenditures: Capital expenditures for the quarter were $39 million, compared to $13 million in the prior year period as we ramped up investment in property, plant, and equipment related to development of our Delta Class fleet.
Negative Free Cash Flow Forecast: Forecasted free cash flow for the fourth quarter of 2024 is expected to be in the range of negative $115 million to $125 million.
Projected Spending Increase: We project an uptick in spending in Q1 2025 as we reach the peak of payments for tools and parts.
SPCE FAQs
How does SPCE typically perform around its earnings report dates?
Is Virgin Galactic Holdings, Inc. (SPCE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
SPCE Earning Call Sentiment
Virgin Galactic Holdings, Inc. (SPCE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SPCE.N
-6.9%Positive
The earnings call highlights several concerns: declining revenue, negative free cash flow, regulatory and supply chain risks, reliance on external funding, and competitive pressures. Despite a strong cash position and plans for fleet expansion, these risks overshadow the positive aspects. The Q&A section reveals concerns about equity issuance and unclear management responses, further dampening sentiment. The company's negative financial outlook, combined with potential cash flow and investment risks, suggests a likely negative stock price movement over the next two weeks.