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$FIRY: The Loss Widened Past What Anyone Modeled

By Kai Moreau

CloudC4 Exclusive · Earnings · Updated Aug 13, 4:17 PM ET

Firy reports a 54% EPS miss in Q2, overshadowing the $719M Papaya Gaming judgment with operational execution concerns.

A packaging lobby — the Target and store-brand contracts the loss is paying to scale, not a hydroponic studio.
A packaging lobby — the Target and store-brand contracts the loss is paying to scale, not a hydroponic studio.
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Key Points

  • Q2 EPS of ($1.52) missed consensus of ($0.99) by 54%.
  • Operational losses widened despite $719M Papaya Gaming judgment.
  • Market cap declined ~2.3% in regular trading before after-hours reaction.
  • Core business performance overshadowed by legal headline.

What To Watch

  • Q3 guidance and commentary on Papaya Gaming collection timeline.
  • Cash burn rate and runway implications from widened losses.
  • Potential for further legal appeals from Papaya Gaming.