Core Viewpoint - Firefly Aerospace Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its business operations and financial performance, particularly concerning its Spacecraft Solutions offerings and Alpha rocket program [4][6]. Group 1: Legal Proceedings - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace and has set a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in the class action [2]. - The lawsuit alleges that Firefly and its executives violated federal securities laws by making false statements and failing to disclose critical information about the company's operational readiness and growth prospects [4]. Group 2: Financial Performance - 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 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, for the same quarter in 2024 [6]. - Revenue for the second quarter of 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 [6]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, marking a 49% year-over-year decrease [6]. Group 3: Stock Performance - Following the earnings report, Firefly's stock price fell by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [7]. - After the disclosure of a failed rocket stage on September 29, 2025, Firefly's stock price dropped by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [8][9].
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly Aerospace
Prnewswire·2026-01-06 14:58