Virgin Galactic Holdings is sending a crew of four mission specialists to space on Unity's 25th flight later this month.
The mission will serve as the final assessment before commercial services begin in June.
CEO Michael Colglazier expressed excitement about the upcoming mission and the company's readiness to launch commercial service.
According to the CEO the company is making “steady progress” developing its Delta Class spaceships: “the driver of revenue growth and profitability in the business,” Colglazier added.
The space exploration company, led by Richard Branson, posted a loss of $0.57 per share, missing the consensus estimate of a $0.52 loss. Revenue came in at $392,000, falling short of the $1.16 million estimate.
The company's first commercial flight, "Galactic 01," is scheduled for late June.
Shares of Virgin Galactic were down nearly 3% in premarket trading at US$3.97.
In related news, Virgin Orbit Holdings Inc (NASDAQ:VORB), the sister company to Virgin Galactic, filed for Chapter 11 bankruptcy in April. However, Virgin Orbit recently announced receiving more than 30 indications of interest, including proposals to continue operating the business and retain current employees.
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