Firefly Automatix Posts $2.87M Q3 Loss as Revenue Climbs 45%
Firefly Automatix, a Delaware-based automation technology company, reported a net loss of $2.87 million for the three months ending September 30, 2025, narrowing from a $6.44 million loss in the same quarter last year. Revenue jumped 45% to $12.89 million.
Firefly Automatix reported a net loss of $2.87 million for the three months ending September 30, 2025, down 55% from a $6.44 million loss in the third quarter of 2024. The Delaware-based automation technology company recorded revenue of $12.89 million for the quarter, up 45% from $8.88 million in the prior-year period. Read more earnings reports.
For the nine months ending September 30, 2025, the company posted a net loss of $8.95 million, roughly flat compared to a $9.15 million loss in the same period of 2024. Nine-month revenue rose 18% to $35.80 million from $30.42 million year-over-year.
Revenue Growth Offset by Higher Operating Costs
Cost of revenue for the third quarter reached $9.85 million, up from $7.22 million in the year-ago quarter. Gross profit for the quarter increased to $3.04 million from $1.65 million, reflecting a gross margin improvement despite higher costs.
Operating expenses climbed to $4.76 million in the third quarter from $3.73 million in the prior-year period. The company reported an operating loss of $1.72 million for the quarter, compared to an operating loss of $2.08 million in the third quarter of 2024.
For the nine-month period, operating expenses totaled $13.17 million, up from $10.61 million in 2024. The operating loss for the nine months widened to $6.30 million from $3.10 million in the prior-year period.
Balance Sheet Shows Negative Equity
Total assets stood at $20.40 million as of September 30, 2025, down from $21.29 million at year-end 2024. Cash and cash equivalents increased modestly to $2.42 million from $2.29 million. Inventory declined to $7.95 million from $8.57 million at the end of 2024.
Total liabilities rose to $83.76 million as of September 30, 2025, from $77.02 million at year-end 2024. Current liabilities increased to $12.89 million from $9.54 million, driven by a rise in accounts payable to $6.60 million from $5.25 million.
Total stockholders' equity stood at negative $63.36 million as of September 30, 2025, compared to negative $55.74 million at year-end 2024. Retained deficit deepened to $85.36 million from $76.41 million.
Cash Flow and Per-Share Data
Cash used in operations for the nine months ending September 30, 2025, totaled $1.28 million, an improvement from $2.56 million used in the same period of 2024. Cash used in investing activities amounted to $354,000, while financing activities generated $1.47 million in cash inflows.
The company reported a basic and diluted loss per share of $0.19 for the third quarter, compared to a loss of $0.46 per share in the prior-year quarter. For the nine-month period, loss per share was $0.61, versus $0.68 in the same period of 2024. Weighted average shares outstanding for the nine months were 14.70 million, up from 13.53 million.
Key Financial Metrics
| Metric | Q3 2025 | Q3 2024 | 9M 2025 | 9M 2024 |
|---|---|---|---|---|
| Revenue | $12.89M | $8.88M | $35.80M | $30.42M |
| Cost of Revenue | $9.85M | $7.22M | $28.92M | $22.91M |
| Gross Profit | $3.04M | $1.65M | $6.87M | $7.51M |
| Operating Expenses | $4.76M | $3.73M | $13.17M | $10.61M |
| Operating Loss | ($1.72M) | ($2.08M) | ($6.30M) | ($3.10M) |
| Net Loss | ($2.87M) | ($6.44M) | ($8.95M) | ($9.15M) |
| EPS (Diluted) | ($0.19) | ($0.46) | ($0.61) | ($0.68) |
Research and development expenses for the nine-month period totaled $3.46 million, up from $3.12 million in 2024. Selling, general, and administrative expenses rose to $9.72 million from $7.49 million.