CEDAR PARK, Texas (AP) — CEDAR PARK, Texas (AP) — Firefly Aerospace Inc. (FLY) on Monday reported a loss of $96.7 million in its first quarter.
The Cedar Park, Texas-based company said it had a loss of 61 cents per share. Losses, adjusted for non-recurring costs, were 46 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The space and defense technology company posted revenue of $80.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $73.8 million.
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