Vertical Aerospace shares down on H1 operating loss

Vertical Aerospace

17/09/2024 12:46

** US-listed shares of Vertical Aerospace  M00.F  fall 12%
to 79 cents premarket
    ** Co posts H1 operating loss of £20 mln ($26.43 mln); the
loss primarily reflects the spend to successfully complete
Vertical's second full-scale prototype aircraft
    ** Co expects H2 net cash outflows from operations between
£40 mln and £45 mln 
    ** Two of four brokerages rate stock "buy", one "hold" and
one "sell"; their median PT is $1.50 - LSEG
    ** Up to Monday's close, stock up 32% YTD

($1 = 0.7568 pounds)

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))