Firefly Aerospace’s stock has lost its shine, as the company’s first earnings report disappoints
1. Firefly's stock has fallen significantly since its IPO on Aug. 7. 2. Second-quarter revenue missed expectations, widening losses to $80.3 million. 3. Analysts remain optimistic about defense opportunities despite current performance. 4. Firefly's Alpha rocket achieved the only 24-hour responsive launch for the U.S. Space Force. 5. The company secured a Defense contract for space-domain awareness operations.