Overview
- The company posted a Q2 net loss of $80.3 million, or $5.78 per share, on revenue of $15.5 million versus $21.1 million a year earlier.
- Shares fell nearly 12% Tuesday to about $43, slipping below the $45 IPO price following the report.
- Following August’s IPO, Firefly raised $933.1 million in net proceeds, repaid a $148.1 million loan, and reported roughly $1 billion in cash and equivalents.
- Firefly said Alpha Flight 7 could launch in the coming weeks with a Lockheed Martin payload, with added thermal protection and adjusted angle of attack after FAA clearance to resume missions.
- Management cited a roughly $1.3 billion backlog, a new $10 million NASA addendum tied to the Blue Ghost lunar mission, and projected 2025 revenue of $133 million to $145 million.