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Firefly Aerospace Shares Drop After First Post-IPO Results Show Revenue Slide and Wider Loss

Executives cite a $1.3 billion backlog plus fresh IPO cash to back a reiterated 2025 revenue outlook.

Overview

  • The company reported second-quarter revenue of $15.55 million, down from $21.07 million a year earlier.
  • Loss came to $5.78 per share versus a loss of $4.60 per share in the prior-year quarter.
  • The stock fell about 7.4% in after-hours trading to $45.86, according to Benzinga Pro.
  • Firefly reported an approximately $1.3 billion backlog as of late July and said its first Eclipse launch could occur as early as next year.
  • Management kept full-year 2025 revenue guidance at $133 million to $145 million, and the IPO last month generated $933.1 million in net proceeds.