Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET

Company Participants

Eric Cerny - VP, IR
Michael Colglazier - CEO
Doug Ahrens - CFO

Conference Call Participants

Gregory Konrad - Jefferies
Myles Walton - Wolfe Research
Michael Leshock - KeyBanc

Operator

Good afternoon. My name is Tanya and I will be your conference operator today. At this time, I would like to welcome everyone to Virgin Galactic's First Quarter 2024 Earnings Conference Call. All lines been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I will now turn the call over to Eric Cerny, Vice President of Investor Relations. Please go ahead.

Eric Cerny

Thank you. Good afternoon everyone. Welcome to Virgin Galactic's First Quarter 2024 Earnings Conference Call. On the call with me today are Michael Colglazier, Chief Executive Officer, and Doug Ahrens, Chief Financial Officer. Following our prepared remarks, we will open the call for questions. Our press release and slide presentation that will accompany today's remarks are available on our investor relations website. Please see Slide 2 of the presentation for 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 SEC filings made from time-to-time. You are cautioned not to put undue reliance on forward-looking statements, and the company specifically disclaims any obligation to update the forward-looking statements that may be discussed during this call, whether as a result of new information, future events, or otherwise.

Please also note that we will refer to certain non-GAAP financial information on today's call. Please refer to our earnings release for a reconciliation of these non-GAAP financial metrics. With that, I'd like to now turn the call over to Michael.

Michael Colglazier

Thanks Eric and good afternoon everyone. On slide 3, you'll see the agenda for today. I'll share several updates about our commercial space line and the progress we're making toward our long-term business objectives. On the immediate horizon is our next spaceflight, Galactic 7, scheduled for June 8. Galactic 7 will be our last commercial flight with VSS Unity, and this will mark an important turning point for Virgin Galactic, and the spaceflight will be a celebratory moment as we reflect on the many successes of our pathfinding first commercial spaceship.