Fireworks in Space: Firefly Aerospace with Mixed Results in the Second Quarter

The rocket and space company Firefly Aerospace from Cedar Park, Texas, has reported significant losses in the second quarter. The deficit amounts to 63.8 million dollars. Based on earnings per share, there is a loss of 5.78 dollars, with a loss of 5.30 dollars per share after adjustment for one-time costs. These figures clearly missed the expectations of analysts on Wall Street. Analysts surveyed by Zacks Investment Research had anticipated an average loss of 42 cents per share. Nevertheless, the company was able to exceed expectations with a revenue of 15.5 million dollars, compared to the expected 15.2 million dollars. For the full year, Firefly Aerospace forecasts revenue between 133 and 145 million dollars. It will be interesting to see how these ambitious targets will develop further.