Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET

Company Participants

Eric Cerny - Vice President, Investor Relations
Michael Colglazier - President and Chief Executive Officer
Doug Ahrens - Chief Financial Officer

Conference Call Participants

Gregory Konrad - Jefferies
Oliver Chen - TD Cowen
Myles Walton - Wolfe Research
Michael Leshock - KeyBanc Capital Markets

Operator

Good afternoon. My name is Sarah and I'll be your conference operator today. At this time, I would like to welcome everyone to Virgin Galactic's Second Quarter 2024 Earnings Conference Call. All lines have 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.

Eric Cerny

Thank you. Good afternoon, everyone. Welcome to Virgin Galactic's Second 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 metrics 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 turn the call over to Michael.

Michael Colglazier

Thanks, Eric. Let's go to Slide 3. Since our Q1 earnings call in May, we've made strong advancements on the development of our Delta Class spaceships. We will have substantially wrapped up the multi-year design phase of these high performance ships in Q3 as we pivot the organization's focus to the build and test phases.