Firefly Aerospace reported Q2 revenue of US$15.5 million, missing analyst expectations of US$16.1 million after its first earnings release since going public in August.

Shares of the Texas-based rocket and spacecraft company dropped 8.8% in postmarket trading to US$45.15.

Firefly develops and launches small rockets and spacecraft for commercial and government missions, including contracts with NASA.

In March, its Blue Ghost lander became the first privately developed craft to land upright and intact on the moon.

The company’s Alpha rocket has launched six times since 2021, with two fully successful missions, and returned to flight in August after the FAA cleared it following an April failure.

Firefly projected 2025 revenue between US$133 million and US$145 million.

🔗 Source: Bloomberg