Firefly Aerospace, which went public in August on the Nasdaq, issued better-than-expected third-quarter results and lifted its guidance.
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Firefly Aerospace
’s stock surged 15% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.
Revenues in the third quarter jumped nearly 38% to $30.8 million from $22.4 million in the year-ago period and nearly doubled from the previous quarter.
Firefly’s net loss totaled $140.4 million, or $1.50 per share. The company said net loss included costs tied to its IPO, foreign exchange and executive severance
Firefly is the third space company to go public this year after Voyager Technology and Karman Holdings.
Firefly will be the next space technology company to go public, following Voyager Technology and Karman Holdings this year.
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