Virgin Galactic Holdings (SPCE), an American spaceflight company, has reported a wider-than-expected loss for the third quarter of 2021 on the back of the delayed start of its commercial service. The company reported a loss of $0.32 per share against the consensus loss estimate of $0.28 per share. It had reported a loss of $0.41 per share in the same quarter last year. Meanwhile, total revenue of $2.58 million surpassed the Street’s estimate of $1.64 million. Adjusted EBITDA came in at negative $68 million, compared to negative $66 million in the same quarter last year.
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Virgin Galactic (NYSE:SPCE)
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