Virgin Orbit reduces launch forecast while increasing per-launch revenue

Virgin Orbit now expects to perform four launches this year, at the low end of earlier projections, but with a higher per-launch revenue. The company, in its second quarter earnings release Aug. 12, reported no revenue in the quarter and a net loss of $33.3 million. The company, though, said it recorded more than $12 million in revenue in its second launch of the year July 2, just after the end of the quarter. The company recognizes revenue at the time of launch. More

(Source: SpaceNews - Aug 16)