Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws related to its IPO and subsequent financial disclosures, which reportedly misrepresented the company's operational readiness and financial performance [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Diamond v. Firefly Aerospace Inc. and involves purchasers of Firefly Aerospace securities between August 7, 2025, and September 29, 2025 [1]. - The lawsuit alleges that Firefly Aerospace and its executives made false or misleading statements regarding the demand for its Spacecraft Solutions and the viability of its Alpha rocket program [3]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. Group 2: Financial Performance and Impact - Firefly Aerospace reported a loss of $80.3 million for Q2 2025, compared to a loss of $58.7 million in Q2 2024, alongside revenue of $15.55 million, which was below analyst expectations of $17.25 million and down 26.2% year-over-year [4]. - The Spacecraft Solutions segment reported revenue of only $9.2 million, reflecting a 49% year-over-year decrease [4]. - Following the earnings report, Firefly Aerospace's share price fell by more than 15% [4]. - On September 29, 2025, the company disclosed a significant issue with its Alpha Flight 7 rocket, leading to a further decline in share price by over 20% [5].
FLY INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire·2026-01-03 02:10