UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly Aerospace
Newsfile·2025-11-28 16:18

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 investors [2][5]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Firefly Aerospace to contact them for discussing legal options [1]. - 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 statements regarding demand and growth prospects, operational readiness, and commercial viability of its products [5]. Group 2: 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, 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]. Group 3: 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 disclosing 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].