SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly
Newsfile·2025-11-18 22:17

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of misleading statements and failure to disclose critical information regarding the company's financial performance and operational capabilities [2][5]. Group 1: Company Financial Performance - 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, for the same quarter in 2024 [7]. - Firefly's revenue for the second quarter of 2025 was $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [7]. - The revenue from Firefly's Spacecraft Solutions segment was only $9.2 million, indicating a 49% year-over-year decrease [7]. Group 2: Stock Price Reaction - 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 the disclosure of a failure in the Alpha Flight 7 rocket on September 29, 2025, Firefly's stock price dropped by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [10]. Group 3: Legal Implications - A federal securities class action has been filed against Firefly, with a deadline of January 12, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Firefly and its executives violated federal securities laws by making false and misleading statements regarding the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [5].