Core Viewpoint - Firefly Aerospace is facing a class action lawsuit due to allegations of misleading statements regarding its business operations and financial performance, with a lead plaintiff deadline set for January 12, 2026 [2][4]. Company Overview - Firefly Aerospace conducted its initial public offering (IPO) on August 7, 2025, selling 19.296 million shares at a price of $45.00 per share [5]. - The company reported a significant loss of $80.3 million, or $5.78 per share, for Q2 2025, which was an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [6]. Financial Performance - Firefly's revenue for Q2 2025 was $15.55 million, falling short of analyst expectations of $17.25 million and representing a 26.2% decrease year-over-year [6]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, indicating a 49% year-over-year decline [6]. Stock Performance - Following the Q2 earnings report, Firefly's stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [7]. - After the announcement of a failed rocket test on September 29, 2025, the stock price fell further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [9]. Legal Proceedings - The lawsuit alleges that Firefly and its executives violated federal securities laws by making false or misleading statements about the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [4]. - Investors who purchased Firefly securities during the class period from August 7, 2025, to September 29, 2025, are encouraged to discuss their legal rights with the law firm Faruqi & Faruqi [2][10].
FLY DEADLINE: Faruqi & Faruqi Reminds Firefly Aerospace Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 - FLY
Newsfile·2025-12-07 13:46