Overview
- Revenue reached $81.25 million versus roughly $72 million expected, adjusted EPS was breakeven, GAAP loss was $0.19 per share, and management pointed to a third straight quarter of positive free cash flow.
- Guidance increased to $76–$80 million for Q4 and $297–$301 million for fiscal 2026, both above prior expectations.
- Backlog climbed 216% year over year to $734 million, and the company ended the quarter with $677 million in cash and short-term investments.
- Shares jumped after the results, rising about 21% in after-hours trading, roughly 16% premarket, and peaking at more than 30% higher during Thursday’s session.
- The company launched two Pelican and 36 SuperDove satellites and plans to roughly double Pelican production in Berlin, as government demand strengthens with NGA Luno B and NATO expansions and Tanager methane detection draws interest.