Wednesday, June 24, 2020

The 2 Largest New Mexico Companies Total Pretax Losses Explode By 265% in the 1Q 2020

From a review of Company SEC filings and the Google Finance website, I found 2 New Mexico Companies with stock market caps above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for both of these New Mexico Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
New Mexico Companies 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
PNM Resources  Albuquerque                 (13)                  23
Virgin Galactic Holdings  Las Cruces                 (60)                (43)
Total both New Mexico Companies                (73)                (20) -265%