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00:02Virgin Galactic Holdings reported first quarter revenue of $227,000,
00:07surpassing analyst estimates of $190,000, according to Benzinga Pro.
00:12The company reported a quarterly loss of 81 cents per share,
00:17beating estimates for a loss of 88 cents per share.
00:21Revenue was tied to access fees related to future astronauts.
00:25Virgin Galactic used $54 million in operating cash flow
00:29and reported negative free cash flow of $93 million in the quarter.
00:34The company ended the period with $251 million in cash,
00:39cash equivalents, and marketable securities.
00:42Virgin Galactic expects second quarter free cash flow
00:45between negative $87 million and negative $92 million.
00:50Shares were down by 3.47% at $2.78, according to data from Benzinga Pro.
00:57For all things money, visit Benzinga.com.
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