Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.
Shares of Firefly Aerospace Inc. (NASDAQ:FLY) climbed 3.13% during the pre-market trading session on Wednesday, following the company’s upbeat second-quarter results after the bell on Tuesday.
Firefly Aerospace reported record Q2 revenue of $117.7 million, up 659% year over year and 45.5% from the previous quarter, beating analyst estimates. The company also posted an adjusted loss of 42 cents per share, better than expectations.
Growth was supported largely by NASA, national security contracts, and a collaboration with Nvidia Corp. (NASDAQ:NVDA).
Firefly Expands From Moon To Mars
Firefly Aerospace CEO Jason Kim said the company’s record quarterly revenue topped $100 million for the first time, fueled by more than six contract wins across its rocket, spacecraft and software programs.
The CEO said the company is advancing its lunar ambitions, adding two new Moon missions to its manifest in the second quarter while expanding its focus to Mars through support for NASA’s $13 million SkyFall mission.
Under the agreement, Firefly will manufacture, test and deliver the aeroshell, a protective structure designed to shield a spacecraft during atmospheric entry, for NASA’s SkyFall mission, which is scheduled to launch in late 2028. The contract was awarded through NASA’s Jet Propulsion Laboratory (JPL).
Benzinga Edge Stock Rankings shows that FLY had a stronger price trend over the short term but a weaker trend over the medium and long term. Its momentum ranking was low at the 7.26th percentile. Benzinga’s screener allows you to compare FLY’s performance with its peers.
FLY Price Action: On a year-to-date basis, FLY stock surged 10.94%, as per Benzinga Pro. On Tuesday, it climbed 2.33% to close at $26.36
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