Firefly Space intends to undergo an IPO, having successfully landed a commercial Moon mission. The company's S-1 filing reveals $176.9 million in cash, yet it has also accumulated $173.6 million in debt. As of March 31, it reported $55.8 million in revenue, mainly from its Blue Ghost missions, but nearly equaled by costs, resulting in only $2.2 million in gross profit. The company experienced a net loss of $231.1 million in 2024, but projects growth and strategies with major partnerships planned for the future.
Firefly Space has submitted its S-1 form for an Initial Public Offering, with plans to repay outstanding debt and support growth despite substantial losses.
As of March 31, Firefly reported $55.8 million in revenue, mostly from spacecraft solutions, but incurred expenses nearly matched revenue, resulting in a slim gross profit.
Firefly operates with significant debt of about $173.6 million, including a term loan with a high interest rate, impacting its financial strategies post-IPO.
Despite a net loss of $231.1 million for the fiscal year, Firefly remains optimistic about future growth and has strategic partnerships in development.
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