Virgin Orbit Holdings (Virgin Orbit Holdings) Gross Margin % : -29,387.95% (As of Dec. 2022)

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What is Virgin Orbit Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Virgin Orbit Holdings's Gross Profit for the three months ended in Dec. 2022 was $-24.39 Mil. Virgin Orbit Holdings's Revenue for the three months ended in Dec. 2022 was $0.08 Mil. Therefore, Virgin Orbit Holdings's Gross Margin % for the quarter that ended in Dec. 2022 was -29,387.95%.

The historical rank and industry rank for Virgin Orbit Holdings's Gross Margin % or its related term are showing as below:

VORBQ's Gross Margin % is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 26.03
* Ranked among companies with meaningful Gross Margin % only.

Virgin Orbit Holdings had a gross margin of -29,387.95% for the quarter that ended in Dec. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Virgin Orbit Holdings was 0.00% per year.

Virgin Orbit Holdings Gross Margin % Historical Data

The historical data trend for Virgin Orbit Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virgin Orbit Holdings Gross Margin % Chart

Virgin Orbit Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

85.95

17.50

-412.82

-158.98

Virgin Orbit Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Gross Margin %	Get a 7-Day Free Trial						-7,965.81	-726.20	-68,440.00	-30.70	-29,387.95

Competitive Comparison of Virgin Orbit Holdings's Gross Margin %

For the Aerospace & Defense subindustry, Virgin Orbit Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Virgin Orbit Holdings's Gross Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Virgin Orbit Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Virgin Orbit Holdings's Gross Margin % falls into.

Virgin Orbit Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Virgin Orbit Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-52.6	/	33.106
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(33.106 - 85.739)	/	33.106
	=	-158.98 %

Virgin Orbit Holdings's Gross Margin for the quarter that ended in Dec. 2022 is calculated as

Gross Margin % (Q: Dec. 2022 )	=	Gross Profit (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	-24.4	/	0.083
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.083 - 24.475)	/	0.083
	=	-29,387.95 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Virgin Orbit Holdings (OTCPK:VORBQ) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Virgin Orbit Holdings had a gross margin of -29,387.95% for the quarter that ended in Dec. 2022 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Virgin Orbit Holdings Gross Margin % Related Terms

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Virgin Orbit Holdings (Virgin Orbit Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Orbit Holdings Inc (OTCPK:VORBQ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4022 East Conant Street, Long Beach, CA, USA, 90808

Website

https://www.virginorbit.com

Virgin Orbit Holdings Inc is a vertically integrated space company that provides customers with dedicated small satellite launch capabilities. Its launches have delivered satellites to orbit for customers across commercial, civil, and national security and defense markets, both domestically and internationally.

Executives

Jill Kathleen Frizzley	director	P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Corvina Holdings Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER X0 JE1 1BJ
Virgin Group Holdings Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER, JERSEY X0 JE1 1BJ
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Sir Richard Branson	10 percent owner	RICHARD'S HOUSE, THE VALLEY, VIRGIN GORDA, NECKER ISLAND D8 POBOX 1091
Katharina G. Mcfarland	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Mubadala Investment Co Pjsc	10 percent owner	P.O. BOX 45005, ABU DHABI C0 00000
Mamoura Diversified Global Holding Pjsc	10 percent owner	P. O. BOX 45005, ABU DHABI C0 UAE
Fifteenth Investment Co Llc	10 percent owner	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Vieco 10 Ltd	10 percent owner	CRAIGMUIR CHAMBERS, P.O. BOX 71, ROAD TOWN, TORTOLA D8 VG1110
Shadid Abdulla Mohamed Ismail Ibrahim	director	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Daniel M Hart	director, officer: Chief Executive Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Derrick Osmond Boston	officer: Chief Legal Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Brita Eve O'rear	officer: Chief Financial Officer	C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808