Virgin Galactic reports no quarterly revenue, plans additional offering of 20.5M in shares

Shares of Virgin Galactic Holdings slipped as much as 9% on Monday following the release of its second-quarter results, which fell below investors’ expectations. The company announced that it would be offering an additional 20.5 million in shares to raise about $460 million. Yahoo Finance’s Jared Blikre breaks down the company’s quarterly report on The Final Round.

from Yahoo Finance https://ift.tt/3k9RGvO