Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q1 2022 Results Conference Call May 5, 2022 5:00 PM ET

Company Participants

Liz Calvillo - IR

Michael Colglazier - CEO

Doug Ahrens - CFO

Conference Call Participants

Greg Konrad - Jefferies

Kristine Liwag - Morgan Stanley

Myles Walton - UBS

Oliver Chen - Cowen

Robert Spingarn - Melius Research

Pete Osterland - Truist

Operator

Good afternoon. My name is Jason, and I will be your conference operator today. At this time, I would like to welcome everyone to Virgin Galactic's First Quarter 2022 Earnings Conference Call. [Operator Instructions] Hosting today's conference call will be Liz Calvillo of Investor Relations. As a reminder, today's call is being recorded.

I would now like to turn the conference over to Ms. Calvillo. Please go ahead.

Liz Calvillo

Thank you. Good afternoon, everyone. Welcome to Virgin Galactic's First Quarter 2022 Earnings Conference Call. On the call with me today are Michael Colglazier, Chief Executive Officer; and Doug Ahrens, Chief Financial Officer. Following prepared remarks from Michael and Doug, we will open the call for questions. Our press release was issued about an hour ago and is available on our Investor Relations website as well as the slide presentation that will accompany today’s remarks. Let me refer you to Slide 2 of the presentation, which contains our Safe Harbor disclaimer.

During today’s call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions, and as a result, are subject to risks and uncertainties. Many factors could cause actual events to differ materially from the forward-looking statements made on this call. For more information about these risks and uncertainties, please refer to the Risk Factors in the company’s filings with the SEC filed by Virgin Galactic from time to time. Readers are cautioned not to put any undue reliance on forward-looking statements and the company specifically disclaims any obligation to update the forward-looking statements that maybe discussed during this call. Please also note that we will refer to certain non-GAAP financial information on today’s call.

With that, I would now like to turn the call over to Michael.

Michael Colglazier

Thanks, Liz, and good afternoon, everyone. 2022 is an important and busy year for us. We made good progress across our core priorities, which are the enhancement program for our current fleet, preparations for commercial service and setting up the business to operate at scale. I look forward to sharing updates on all these priorities with you today.