🔴 FIRY is trading 5.4% down today after Q2’s wider $24.5 million net loss

FIRY is trading 5.4% down now at $9.57 after investors focused on Q2’s wider $24.5 million net loss, declining paying users, and revenue below consensus.

• Revenue rose 23% year over year to $31.0 million, while adjusted EBITDA loss excluding litigation narrowed to $2.7 million.
• The August 14 earnings call, ongoing Papaya litigation, and debt repayment added uncertainty despite RZR’s record performance.