Virgin Galactic Holdings Inc. posted a narrower net loss in the last quarter of 2021 after opening sales at new price points for private astronauts, the company announced in a filing.

  • Fourth-quarter net loss stood at $80.797 million, versus the $104.116-million loss the same quarter in 2020. Diluted loss per share improved to $0.31 from $0.44, while revenue stood at $141,000.
  • Full-year net loss came in at $352.899 million, up from $644.887 million the previous year. Diluted net loss per share was $1.43 versus $2.94 the previous year, and revenue jumped to $3.292 million from $238,000.
  • Chief Executive Michael Colglazier said the company is on track to roll out commercial aerospace services in the fourth quarter of the year, after opening a $450,000 price point for private astronauts in 2021.
  • Virgin Galactic said it is currently in the final stages of talks with suppliers for the manufacture of next-generation motherships, with the fleet enhancement program for Eve and Unity set for completion in the third quarter.

The company expects free cash flow between $75 to $85 million in the first quarter of 2022. SPCE is up 14.46%.