Overview
- Firefly reported third-quarter revenue of about $30.8 million with an adjusted loss of $0.33 per share, topping analyst estimates on both metrics.
- The company raised its full-year 2025 revenue guidance to $150 million to $158 million, and shares rose roughly 15% to 24% following the update.
- GAAP net loss reached about $140.4 million, which the company attributed to IPO-related items, foreign exchange effects and executive severance.
- Following a September Alpha first-stage ground-test failure, Firefly says corrective measures are in place and it is targeting Alpha Flight 7 between late Q4 and early Q1.
- During the quarter Firefly closed its SciTec acquisition supported by a $260 million revolving credit facility and highlighted NASA lunar awards, including a $176.7 million Blue Ghost Mission 4 contract and a $10 million addendum to Mission 1.