Core Insights - Firefly Aerospace's stock has experienced a significant decline, falling 27% in November and down 66.5% from its all-time highs [2][5]. Company Overview - Firefly Aerospace is a rapidly growing company in the space industry, known for its innovative flight and lunar landing technology, and is one of the few companies successfully performing commercial rocket launches [3][4]. - The company has a market capitalization of $3 billion and its stock is currently priced at $20.32, with a 52-week range of $16.00 to $73.80 [3]. Financial Performance - Revenue for Firefly Aerospace increased by 38% year-over-year last quarter, with expectations of at least $150 million in revenue by 2025 [4]. - The company is projected to reach approximately $400 million in sales next year, bolstered by the acquisition of SciTec, which had $164 million in revenue at the time of acquisition [4]. Profitability Challenges - Firefly Aerospace is currently unprofitable, reporting an operating loss of $62 million on $31 million in revenue last quarter, which is contributing to investor concerns [5][6]. - The company has only conducted five commercial launches, making it smaller than competitors like Rocket Lab and SpaceX, and it operates at a high revenue multiple while incurring substantial losses [6].