Workflow
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly
Newsfileยท2025-11-15 13:04

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of misleading statements and operational issues that have negatively impacted the company's stock performance and investor confidence [2][5]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Firefly Aerospace to contact them regarding their legal options, particularly in light of a federal securities class action filed against the company [1][2]. - The deadline for investors to seek the role of lead plaintiff in the class action is January 12, 2026 [2]. Group 2: Allegations Against Firefly Aerospace - The complaint alleges that Firefly and its executives violated federal securities laws by making false or misleading statements regarding the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [5]. - It is claimed that these misrepresentations would likely have a material negative impact on the company once revealed [5]. Group 3: Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 per share [6]. - In its first earnings report as a public company, Firefly reported a loss of $80.3 million, or $5.78 per share, which is an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [7]. - Revenue for the second quarter of 2025 was reported at $15.55 million, below analyst estimates of $17.25 million, and down 26.2% year-over-year [7]. Group 4: Stock Price Impact - Following the earnings report, Firefly's stock price fell by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [8]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket test, the stock price dropped further by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [10].