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News  ›  GlobeNewswire Inc.

UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Faruqi & Faruqi, Llp
UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly

A securities law firm is investigating Firefly Aerospace for allegedly making false statements about its Spacecraft Solutions demand and Alpha rocket program's operational readiness in its August 2025 IPO. The company reported disappointing Q2 2025 earnings with a 49% revenue decline in its Spacecraft Solutions segment and experienced a failed Alpha Flight 7 rocket test in late September, causing the stock to plummet over 35% from its IPO price.

Insights
OPK   neutral

Mentioned as a collaboration partner for developing an oral GLP-2 peptide, with no specific positive or negative details provided


FLY   negative

The company is under investigation for securities fraud involving misrepresentation of business prospects and technology viability. Additionally, it reported significantly lower-than-expected revenues (49% YoY decline in key segment), substantial losses, and experienced a critical rocket launch failure, all contributing to a 35% stock price decline from IPO price.