• Swarmer posted Q1 2026 revenue of USD 20,325, down from USD 110,704 a year earlier, on a wind-down of service-related deferred revenue tied to its historically largest customer in Ukraine.
• Net loss widened to USD 4.5 million from USD 0.7 million in Q1 2025 as operating expenses climbed to USD 4.5 million from USD 0.8 million.
• Cash and cash equivalents rose to USD 23.5 million at March 31, 2026 from USD 9.3 million at Dec. 31, 2025, reflecting USD 17.3 million of gross IPO proceeds and about USD 3.5 million from a Series A-1 convertible preferred stock sale.
• Operationally, it raised USD 17.3 million in its Nasdaq IPO, won a USD 2.8 million contract for more than 16,000 software licenses, expanded into Japan with support from Rakuten Group, and signed a communications-integration MOU with HIMERA.
• President and U.S. CEO Alex Fink said focus is on expanding adoption across more unmanned platforms, deepening integration with manufacturers, and supporting programs as they move into scaled deployment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Swarmer Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-060388), on May 13, 2026, and is solely responsible for the information contained therein.