FLY INVESTOR DEADLINE: Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws, with claims that the company misrepresented its business prospects and financial performance during its IPO and subsequent reporting period [1][4][5]. Company Overview - Firefly Aerospace operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [3]. IPO Details - The company conducted its initial public offering (IPO) on August 7, 2025, issuing approximately 19.3 million shares at an offering price of $45.00 per share [3]. Allegations of Misrepresentation - The lawsuit claims that Firefly Aerospace overstated demand and growth prospects for its Spacecraft Solutions offerings, as well as the operational readiness and commercial viability of its Alpha rocket program [4]. - It is alleged that these misrepresentations would likely have a material negative impact on the company once revealed [4]. Financial Performance - In its first earnings report as a public company on September 22, 2025, Firefly Aerospace reported a loss of $80.3 million for Q2 2025, compared to a loss of $58.7 million in Q2 2024 [5]. - The company reported revenue of $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [5]. - Revenue from the Spacecraft Solutions segment was particularly concerning, with a reported $9.2 million, indicating a 49% year-over-year decrease [5]. Stock Price Impact - Following the earnings report, Firefly Aerospace's share price fell by more than 15% [5]. - On September 29, 2025, the company disclosed an issue with its Alpha Flight 7 rocket, leading to a further decline in share price of over 20% [6].