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Firefly allegedly reported larger losses and lower revenue than expected after its IPO, causing the stock to drop 15.3% on September 23, 2025.

Firefly allegedly posted larger losses and lower revenue after its IPO, missing estimates and causing shares to fall 15% on September 23, 2025.

Firefly’s post-IPO earnings showed wider losses and a 26% revenue drop, missing estimates; its stock fell 15% to $41.94 on the news.

Firefly’s stock fell 15% after reporting a wider $80M loss and revenue down 26% from last year, missing analyst estimates after its August IPO.

Firefly allegedly misled investors before its IPO about financial stability, later reporting wider losses and revenue declines, causing shares to drop 15%.

Firefly IPO’d at $45 in Aug 2025, then posted a wider $80.3M loss and revenue miss in Sept. Shares dropped 15.3% to $41.94 on the earnings news.

Firefly’s IPO at $45/share was followed by Q2 losses and revenue miss; shares fell 15% to $41.94 on Sept 23, 2025.