We recently published Market in Turmoil but These 10 Stocks Are on Fire. Firefly Aerospace Inc. (NASDAQ:FLY) is one of the best-performing stocks on Thursday.
Firefly soared by 17 percent on Thursday to close at $21.42 apiece as investors cheered its higher revenue growth outlook for full-year 2025 despite posting a dismal earnings performance in the third quarter.
In an updated report, Firefly Aerospace Inc. (NASDAQ:FLY) said it now expects revenues to end between $150 million and $158 million, a marked increase from its previous outlook of $133 million to $145 million.
The new guidance was encouraged by a 37 percent jump in revenues for the third quarter of the year, at $30.78 million versus $22.37 million in the same period last year.
The figures brought its nine-month revenues to $102 million, or a 97 percent jump from the $51.76 million in the same comparable period.
“Our strong third quarter revenue growth reflects steady execution of our spacecraft teams on multiple contracts as well as progress made by our launch teams,” said Firefly Aerospace Inc. (NASDAQ:FLY) CEO Jason Kim.
“As we enhance our culture of safety, quality, and reliability, we are confident in our Alpha team to return us to flight safely,” he said.
However, Firefly Aerospace Inc. (NASDAQ:FLY) incurred $140.36 million net loss attributable to shareholders during the third quarter of the year, marking a 204 percent expansion from the $46.14 million year-on-year.
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Net loss for the nine-month period also widened by 80 percent to $292.9 million from $162.88 million year-on-year.
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Disclosure: None. This article is originally published at Insider Monkey.
