Overview
- Shares opened at $12.50 and reached an intraday high of $17.60 on March 17 after pricing at $5.
- By the morning of March 18, the stock traded around $31, extending the post-IPO rally.
- The offering sold 3,000,000 shares at $5 to raise roughly $15 million, leaving about 12.3 million shares outstanding and near $25 million in cash.
- Swarmer reported $309,920 in 2025 revenue with an $8.5 million net loss but cites $16.3 million in firm orders plus roughly $16.8 million in additional pipeline, with backlog figures excluding any future revenue from prior key customer Smart Machinery Solutions.
- Its platform, deployed in Ukraine since 2023 and credited with supporting over 100,000 missions, enables control of large drone swarms and competes with players from Shield AI and Anduril to Northrop Grumman and Lockheed Martin as defense-tech demand strengthens.