Overview
- Firefly reported third-quarter revenue of $30.8 million, up 38% year over year and 98% sequentially, topping the $27.7 million estimate, with an adjusted loss of $0.33 per share beating the expected $0.41 loss.
- Management raised full-year 2025 revenue guidance to $150 million–$158 million from $133 million–$145 million, ahead of roughly $135 million expected by analysts.
- Shares jumped about 15%–24% in after-hours and premarket trading following the results and outlook.
- The company posted a GAAP net loss of $140.4 million, or $1.50 per share, which it said included IPO-related costs, foreign exchange effects and executive severance.
- Firefly said it implemented corrective measures after a September ground-test failure, is targeting Alpha Flight 7 between late Q4 and early Q1, and highlighted a $176.7 million NASA lunar award, a $10 million addendum, and completion of the SciTec acquisition supported by a $260 million credit facility.