FLY Stock Recent News

Firefly Aerospace Inc. is experiencing rapid revenue growth and boasts a $1.1 billion backlog, but operating losses and cash burn remain very high. The company is targeting a $100 million IPO to pay down debt and fund growth. Firefly's market opportunity is large and expanding, but it faces intense competition and heavy reliance on government contracts.

Firefly Space is taking its orbital ambitions to the public markets. The company, which notched a string of successes this year, including a historic commercial Moon landing, submitted its formal declaration to regulators Friday detailing its plans to IPO sometime this year.

Rocket maker Firefly Aerospace will go public on the Nasdaq under the ticker symbol "FLY." Firefly's planned offering comes during a resurgence period for IPOs after the market collapsed in 2022 as rising interest rates and skyrocketing inflation deterred investors from betting on riskier assets.

FLYHT Aerospace Solutions Ltd. (OTCQX:FLYLF) Q3 2022 Earnings Conference Call November 10, 2022 9:30 AM ET Company Participants Bill Tempany - Chief Executive Officer Alana Forbes - Chief Financial Officer Conference Call Participants Dick Ryan - Oak Ridge Financial Bruce Krugel - Private Investor Marc Berger - MKB Associates Operator Thank you for standing by.