Virgin Orbit’s nascent engineering services business delivers $300K revenue in Q1 2022

Company touts $157M binding backlog as net loss grows to $62.6M

Small satellite air launch specialist Virgin Orbit (NASDAQ: VORB) today reported first-quarter engineering services revenue of $300,000, up 650% year over year. The company’s net loss was $62.6 million, up 93% YoY, while total revenues were $2.1 million for the quarter, according to the company’s quarterly report filed with the Securities and Exchange Commission. Revenues […]

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