Firefly Aerospace Posts Wider Loss as Revenue Falls in 2Q

Firefly Aerospace logged a wider loss and lower revenue in its latest quarter, marking its first earnings report since its stock market debut last month. The space and defense technology company on Monday posted a loss of $80.3 million, or $5.78 a share, compared with a loss of $58.7 million, or $4.60 a share, a year earlier. Revenue fell to $15.5 million compared with $21.1 million a year ago. Analysts polled by FactSet expected $16.8 million. Chief Executive Jason Kim said the results reflect Firefly's steady progress across its launch...