Firefly Aerospace revenue nearly quadruples triples as backlog hits $1.7B

What happened: Firefly Aerospace (FLY) reported a nearly fourfold increase in third-quarter revenue, beating Wall Street estimates as it expanded its launch business and secured new government contracts. Key numbers: Q3 revenue $110.7 million vs $103.15 million consensus. Adjusted loss 45 cents per share vs 50 cents expected. Why it matters: Revenue beat consensus and the adjusted loss was narrower than expected, while the record backlog and full-year outlook above consensus point to continued growth. Operating expenses and operating cash use increased.

Firefly Aerospace (FLY) reported a nearly fourfold increase in third-quarter revenue, beating Wall Street estimates as it expanded its launch business and secured new government contracts.

Revenue beat consensus and the adjusted loss was narrower than expected, while the record backlog and full-year outlook above consensus point to continued growth. Operating expenses and operating cash use increased.