virgin orbit will provide dedicated, responsive, and affordable launch services for small satellites. founded by sir richard branson and owned by the virgin group and aabar investments pjs, virgin orbit and its sister companies—virgin galactic and the spaceship company—are opening access to space to change the world for good. to launch the small satellite revolution, virgin orbit is developing launcherone, a flexible launch service for commercial and government-built satellites. launcherone rockets are designed and manufactured in long beach, california, and will be air-launched from a dedicated 747-400 carrier aircraft capable of operating from many locations in order to best serve each customer’s needs. virgin orbit’s systems are currently in an advanced stage of testing, with initial orbital launches expected soon. to learn more or to apply to join virgin orbit’s talented and growing team, visit virginorbit.com.
Company profile
Ticker
VORBQ
Exchange
Website
CEO
Daniel M. Hart
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NextGen Acquisition Corp. II
SEC CIK
Corporate docs
Subsidiaries
Vieco USA, Inc. • Virgin Orbit, LLC • Virgin Orbit National Systems, LLC • JACM Holdings, Inc. • Virgin Orbit UK Limited • Ground Station Mexico S.A. de C.V. • Virgin Orbit Brasil Limitada ...
IRS number
981576914
VORBQ stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
7 Aug 23
15-12G
Securities registration termination
2 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Aug 23
POS AM
Prospectus update (post-effective amendment)
2 Aug 23
8-K
Bankruptcy or Receivership
2 Aug 23
8-K
Completion of Acquisition or Disposition of Assets
5 Jun 23
8-K
Entry into a Material Definitive Agreement
5 Jun 23
8-K
Entry into a Material Definitive Agreement
30 May 23
8-K
Other Events
22 May 23
8-K
Entry into a Material Definitive Agreement
22 May 23
Latest ownership filings
3
Alan Jeffrey Carr
10 Apr 23
3
Jill Kathleen Frizzley
10 Apr 23
4
Sir Richard Branson
3 Apr 23
SC 13D/A
Virgin Investments Ltd
3 Apr 23
4
Sir Richard Branson
2 Mar 23
SC 13D/A
Virgin Investments Ltd
2 Mar 23
4
James S. Simpson
28 Feb 23
4
Anthony J Gingiss
28 Feb 23
4
Derrick Osmond Boston
28 Feb 23
4
Brita Eve O'Rear
28 Feb 23
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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Operating income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 53.43 mm | 53.43 mm | 53.43 mm | 53.43 mm | 53.43 mm | 53.43 mm |
Cash burn (monthly) | 5.92 mm | 11.80 mm | 22.30 mm | 18.36 mm | 20.43 mm | 18.27 mm |
Cash used (since last report) | 88.36 mm | 176.02 mm | 332.78 mm | 274.03 mm | 304.88 mm | 272.68 mm |
Cash remaining | -34.93 mm | -122.59 mm | -279.35 mm | -220.60 mm | -251.45 mm | -219.25 mm |
Runway (months of cash) | -5.9 | -10.4 | -12.5 | -12.0 | -12.3 | -12.0 |
Institutional ownership, Q2 2023
89.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 6 |
Opened positions | 0 |
Closed positions | 39 |
Increased positions | 0 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 647.65 mm |
Total shares | 350.72 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Virgin Investments | 252.13 mm | $85.75 mm |
Mubadala Investment Co PJSC | 60.18 mm | $550.00 mm |
YA II PN | 37.40 mm | $0.00 |
Integrated Core Strategies | 846.87 k | $6.81 mm |
Cooperman Leon G | 157.98 k | $5.10 mm |
Simplex Trading | 6.90 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Mar 23 | Virgin Investments | 12.0% Senior Secured Convertible Note Common Stock | Buy | Acquire P | No | No | 10900000 | - | [object Object] | 3,766,413 |
28 Feb 23 | Virgin Investments | 12.0% Senior Secured Convertible Note Common Stock | Buy | Acquire P | No | No | 5000000 | - | [object Object] | 1,727,712 |
24 Feb 23 | James S. Simpson | Common stock | Payment of exercise | Dispose F | No | No | 1.32 | 12,486 | 16.48 k | 87,514 |