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Firefly Aerospace Inc. reports developments in space launch, lunar transportation, orbital vehicles, and defense software for government, commercial, and national security customers. The company’s updates commonly cover Alpha launch activity, Blue Ghost lunar lander milestones, Elytra orbital-vehicle work, spacecraft production, responsive-space exercises, and mission support for U.S. defense programs.
Recurring Firefly news also includes financial results, contract awards, collaborations tied to lunar imaging and on-orbit processing, and SciTec’s AI-enabled software for missile warning, data fusion, space domain awareness, and mission-critical national security applications.
FLY Leasing Limited (NYSE: FLY), a leader in aircraft leasing, has filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2020. The report includes audited financial statements and can be accessed on FLY's website and the SEC's site. Shareholders can request a complimentary paper copy of the report. FLY operates a fleet of modern, fuel-efficient commercial jet aircraft leased to a diverse range of global airlines, managed by BBAM LP.
Fly Leasing Limited (NYSE: FLY) reported a net loss of $107 million or $3.51 per share for Q4 2020, a significant decline from a net income of $75.2 million in Q4 2019. For the full year, the net loss was $67 million, down from $225.9 million in 2019. The company recognized a non-cash impairment charge of $115 million and sold two aircraft at a 17% premium to book value. As of year-end 2020, FLY's book value per share stood at $25.88, with $132 million in unrestricted cash and a net debt to equity ratio of 2.3x.
Fly Leasing Limited (NYSE: FLY) will announce its fourth quarter and full year 2020 earnings after the market closes on February 25, 2021. The company's management will hold a conference call at 4:30 p.m. U.S. Eastern Time on the same day, allowing participants to dial in for insights. The results will be discussed via a live webcast, and a replay will be available on FLY's website for one year. FLY specializes in leasing modern, fuel-efficient aircraft globally under multi-year contracts.
Fly Leasing Limited (NYSE: FLY) reported a net loss of $8.1 million or $0.26 per share for Q3 2020, a significant decline from a net income of $51.7 million or $1.67 per share in Q3 2019. The decrease is attributed to non-recognition of revenue and no aircraft sales. Despite challenges from COVID-19, cash collections improved, and the company raised a $180 million term loan to strengthen its balance sheet. Total assets are valued at $3.5 billion, with $285.1 million in unrestricted cash. The net debt to equity ratio stands at 2.1x.
Fly Leasing Limited (NYSE: FLY) announced the release of its third quarter 2020 earnings results on November 12, 2020, before market opening. A conference call is scheduled for 9:00 a.m. U.S. Eastern Time on the same day, with dial-in options available for participants. The call will include a slide presentation accessible via a live webcast on FLY's website. As a global leader in aircraft leasing, FLY operates a modern fleet under multi-year contracts with airlines worldwide.
Fly Leasing Limited (NYSE: FLY) has secured a new $180 million Term Loan to enhance its liquidity. The five-year loan carries an interest rate of LIBOR plus 6.00% and a 1.00% LIBOR floor, issued at a 4.5% original issue discount. This loan is secured by 11 narrowbody aircraft, four of which are unencumbered. Proceeds from the loan will be used for general corporate purposes. Currently, FLY has nine unencumbered aircraft valued at $204 million and holds no aircraft orders or significant capital commitments.
Fly Leasing Limited (NYSE: FLY) reported its Q2 2020 financial results, achieving a net income of $9.6 million ($0.32 per share) and an adjusted net income of $11.3 million ($0.37 per share). The company experienced a 21% increase in book value per share to $29.46 since June 2019. With $289 million in unrestricted cash and $597.9 million in unencumbered assets, FLY maintains a strong financial position despite the challenges posed by the COVID-19 pandemic.
The net debt to equity ratio stands at 2.1x, indicating a low leverage level.
Fly Leasing Limited (NYSE: FLY) will release its second quarter 2020 earnings results on August 13, 2020, prior to the market opening. A conference call will follow at 9:00 a.m. ET on the same day to discuss the results. Participants can join via phone at +1 409-220-9381 (International) or 866-438-0730 (North America), entering confirmation code 7868869. A live webcast will be available on FLY's website and a replay will be accessible for one year.