FLY INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly Aerospace
Globenewswire·2025-11-20 18:56

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of misleading statements and operational failures that have negatively impacted the company's stock performance and investor confidence [4][6]. Group 1: Legal Investigation and Class Action - The firm is encouraging investors who suffered losses in Firefly Aerospace to contact them to discuss legal options, particularly in light of a federal securities class action filed against the company [1][4]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in the class action [4]. Group 2: Financial Performance and Stock Impact - Firefly Aerospace conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 each [7]. - 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, which was an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [8]. - 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 [8]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, representing a 49% year-over-year decrease [8]. - 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 [9]. Group 3: Operational Challenges - On September 29, 2025, Firefly disclosed a failure in the first stage of its Alpha Flight 7 rocket, raising concerns about the company's ability to meet commercial launch commitments [10]. - This failure followed a previous unsuccessful launch in April 2025, further questioning the viability of Firefly's technology [10]. - As a result of this news, Firefly's stock price dropped by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [11].