Overview
- The company reiterated 2026 revenue guidance of $24 million to $27 million, which leadership characterized as roughly four to five times 2025 revenue.
- Backlog increased from about $13.5 million at year-end 2025 to nearly $18 million early in the first quarter on new contract wins.
- Fourth-quarter revenue was $1.7 million, up 118% year over year, with an operating loss of $9.3 million and approximately $47 million in cash and equivalents.
- Acquisitions completed in mid-November 2025—GuideTech, Warnke Precision Machining, and MKR Fabricators—plus the launch of Palladyne Defense positioned the company as a more vertically integrated industrial and defense platform.
- Management highlighted momentum in edge autonomy offerings such as SwarmOS/IntelliSwarm and BRAIN X2, work with the Air Force Research Lab, partnerships with Red Cat and Draganfly, and a new missile propulsion subsystem contract expected to contribute in 2026.