Firefly Aerospace (FLY) Stock Edges Up After Q3 Beat and Record $1.7B Backlog

TLDR Firefly Aerospace (FLY) stock was up about 1% to $24 in Wednesday premarket trading. Q3 revenue rose 259% to $110.7 million, topping the $102.3 million estimate. The adjusted loss was 45 cents a share, narrower than the 48 cents expected. Backlog hit a record $1.7 billion, and the full-year revenue outlook was narrowed to $440 million to $450 million. CEO Jason Kim said Firefly has more customers than rockets in the near-term manifest. Firefly Aerospace (FLY) stock was up about 1% to $24 in Wednesday premarket trading. The move came after a third-quarter report that beat Wall Street’s targets. Firefly Aerospace Inc., FLY The stock had slid 3.7% to $22.83 right after the report hit Tuesday. It had already dropped 2.5% during regular trading that day.

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