California-based Virgin Galactic Holdings, Inc. (NYSE: SPCE) has reported mixed results for the first quarter of 2022. During the quarter, revenues of 319,000 beat the Street’s estimate of $120,000. However, the loss of $0.36 per share was wider than analysts’ expectations of $0.32 per share. The company had posted a loss of $0.55 per share in the same quarter last year. California-based Virgin Galactic is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. It also manufactures advanced air and space vehicles.
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