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 the company's stock performance and investor confidence [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Firefly Aerospace to discuss their legal options, particularly those who purchased shares during the IPO or within the defined class period [1][2]. - 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]. Group 2: Financial Performance and Stock Impact - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 per share [5]. - In its first earnings report as a public company, Firefly reported a loss of $80.3 million, or $5.78 per share, which was a significant increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [6]. - Revenue for the second quarter of 2025 was reported at $15.55 million, falling short of analyst estimates of $17.25 million and representing a 26.2% decline year-over-year [6]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, indicating a 49% year-over-year decrease [6]. - Following the earnings report, Firefly's stock price dropped by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [7]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket, the stock price fell further by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [8][9]. Group 3: Allegations of Misconduct - 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 [4]. - It is claimed that these misrepresentations would likely have a material negative impact on the company once revealed [4].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces that Firefly Aerospace Investors Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile·2026-01-04 13:02