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SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly Aerospace
Newsfileยท2025-11-16 13:29

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: Financial Performance and Stock Impact - Firefly Aerospace 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 on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to 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 $15.55 million, below analyst estimates of $17.25 million and down 26.2% year-over-year [7]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, representing a 49% year-over-year decrease [7]. - 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]. - On September 29, 2025, Firefly disclosed a failure in the first stage of its Alpha Flight 7 rocket, leading to further concerns about the company's technology and commercial commitments [9][10]. - This news caused Firefly's stock price to drop by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [10]. Group 3: Allegations Against Firefly - The complaint against Firefly alleges that the company overstated demand and growth prospects for its Spacecraft Solutions offerings 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, affecting the integrity of the Offering Documents and public statements made during the class period [5].