Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET

Company Participants

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

Conference Call Participants

Matt Akers - Wells Fargo
Oliver Chen - TD Cowen
Greg Konrad - Jefferies
Myles Walton - Wolfe Research
Michael Leshock - KeyBanc Capital Markets

Operator

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

Thank you. I'll now turn the call over to Eric Cerny, Vice President of Investor Relations. Sir, the floor is now yours.

Eric Cerny

Thank you. Good afternoon, everyone. Welcome to Virgin Galactic’s third 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 two 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 risk and uncertainties. Many factors could cause actual events to differ materially from 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 would like to turn the call over to Michael now.

Michael Colglazier

Thanks, Eric. We've had a powerful and productive quarter at Virgin Galactic. I'll leave with three main points to open the call. First, and as planned, we've moved into the build phase of our spaceship program. This is the phase when we are building tools, fabricating parts, and assembling the spaceships. I have to give a shout out to our engineering teams whose tireless work has successfully elevated our prototype spaceship to a true production model.