1. SPCE's Q3 revenue was $365,000, missing estimates of $395,800. 2. The company reported a loss of $1.09 per share, better than anticipated. 3. SPCE expects a cash flow loss of $90-$100 million in Q4 2023. 4. Commercial spaceflights are targeted to begin in late 2026. 5. Stock up 4.53% in after-hours, pricing at $3.46.
While revenue missed, the improved loss guidance may restore investor confidence. Historical context shows SPCE’s fluctuations often follow positive forward-looking announcements.
The article discusses fundamental financial metrics and future operational plans critical for SPCE investors.
The upcoming commercial flights scheduled for 2026 could significantly enhance revenue potential. Similar companies have seen significant growth post-commercial operation milestones.