Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of violations of federal securities laws, encouraging affected investors to discuss their legal options before the January 12, 2026 deadline for lead plaintiff applications in a federal securities class action [3][5]. Group 1: Company Overview - Firefly Aerospace Inc. conducted its initial public offering (IPO) on August 7, 2025, selling 19.296 million shares at a price of $45.00 per share [6]. - 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 [7]. - Revenue for Firefly in Q2 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]. Group 2: Stock Performance and Events - Following the Q2 earnings report, Firefly's stock price fell by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [8]. - On September 29, 2025, Firefly disclosed a failure in the first stage of its Alpha Flight 7 rocket, which raised concerns about the company's ability to meet commercial launch commitments [9]. - The stock price dropped further by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025, following the announcement of the rocket failure [10]. Group 3: Legal Implications - The complaint against Firefly alleges that the company and its executives made false or misleading statements regarding the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [5]. - The lawsuit claims that these misrepresentations would likely have a material negative impact on the company once revealed [5]. - Investors are encouraged to contact Faruqi & Faruqi for more information regarding the class action and to discuss their legal rights [12].
FLY INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Announces that Firefly Aerospace Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire·2025-12-19 15:13