Applied Aerospace Reports Big Loss | Business and Finance News

Applied Aerospace & Defense, the SpaceX and Blue Origin parts supplier, delivered a mixed earnings report: revenue jumped 47% to $167M, driven by strong rocket and defense contracts, but net loss surged to nearly $154M—far worse than expected—due to IPO-related costs, sending shares down below their offering price. Despite the red ink, they’re projecting full-year revenue of $670M–$690M and EBITDA of $150M–$155M, leaving investors watching closely for signs of profitability. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5cb67cbd11986f95