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Space Tourism Firm 4Q Revenue Up

Shares closed up 6.7%

Space tourism company Virgin Galactic Holdings said fourth-quarter revenue on an annual basis tripled to $3 million, while the net loss for the period narrowed to $104 million from $151 million a year ago.

The company (NYSE: SPCE) said it flew six human spaceflights last year, with the seventh expected in the second quarter of 2024.

Revenue for the quarter ending March 31 is expected to be $2 million.

The Tustin-based company’s shares were little changed in late trading, after closing up 6.7% at $1.90 a piece for a market cap of $759 million.

For further details, see the March 11 print edition of the Business Journal.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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