Firefly Aerospace Inc. (NASDAQ:FLY) saw a 17 percent surge in its stock on Thursday, closing at $21.42 per share. The company raised its full-year 2025 revenue outlook to $150-158 million, up from $133-145 million, thanks to a 37 percent increase in third-quarter revenues to $30.78 million. CEO Jason Kim remains optimistic about the company’s growth. However, Firefly incurred a net loss of $140.36 million in the third quarter, a 204 percent increase from the previous year. For the nine-month period, the net loss widened by 80 percent to $292.9 million from $162.88 million.

Read more at Yahoo Finance: Firefly (FLY) Jumps 17% on Upbeat Outlook