Firefly Aerospace Stock Tumbles Back to Earth. Why Earnings Were Disappointing.
1. Firefly's Q2 loss widened to $5.78 per share this year. 2. Revenue dropped 36% year-over-year to $15.5 million. 3. Demand for Firefly's launch vehicles remains strong despite financial fluctuations. 4. Shares fell 9.9%, erasing Monday's gains following a NASA contract. 5. Analyst maintains Overweight rating with a $65 price target.