If its any consolidation, I shorted Ferrari around $106 and lost my ass on that one. fwiw. Stupidest trade (or one of at least) I ever made. Duhhhhhh.
Q4 for SPCE soon, analysts expecting 1.1M$ revenue on +6B$ valuation. This is shocking but I am going to bet it is not going to affect the stock price as it detached itself from fundamentals and literally riding on 100% semantics.
Company hasn't started flying passengers yet so no reason to look at revenue until they fly. Existing revenue probably deposits from future customers.
i wonder whether they will disclose how many book so far. i have read somewhere margin can be as high as 70% for its business operations. if that is true it will being its margin to the visinity if apple in terms of margin.
603 bookings in January. They're projecting 1500 passengers per year. https://www.cnbc.com/2020/01/09/virgin-galactic-ticket-sales-will-re-open-this-year-ceo-says.html
So that amounts to 375M / yr revenue 93M quarterly revenue Assuming 6 passengers can be carried single rocket they got, 4.1 passenger per day. Feasible? Still coming far short of several billion capitalization. Here we are talking about ideal scenario: - no crash like in the past. - no expenses.
did they report Q4 on 2/13/2020? that is what etrade quote saying 0.44 per share but i dont see any related news. on nasdaq they say it is tomorrow after market 2/25/2020. Confused