SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Firefly Aerospace

Core Viewpoint - Firefly Aerospace Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business operations and financial performance, with a deadline for investors to seek lead plaintiff status set for January 12, 2026 [1][3]. Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 each [4]. - 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, compared to a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [5]. - Revenue for the second quarter of 2025 was $15.55 million, falling short of analyst estimates of $17.25 million and down 26.2% year-over-year [5]. - The Spacecraft Solutions business segment generated only $9.2 million in revenue, representing a 49% decrease from the previous year [5]. Stock Performance - Following the earnings report, Firefly's stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [6]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket test, the stock fell further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [8]. Legal Proceedings - The complaint against Firefly alleges that the company overstated demand and growth prospects for its Spacecraft Solutions, as well as the operational readiness of its Alpha rocket program, which could have a material negative impact on the company [3]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [9].