Announcement • 14h
Swarmer, Inc Announces Executive Changes Swarmer Inc. promoted Garrett Kasper to Chief Communications Officer in recognition of his contributions since joining Swarmer as vice president of communications & marketing in December 2025. Kasper brings 30 years of communications leadership across the defense, aerospace, intelligence, cybersecurity, transportation, biotechnology, and health care industries. Prior to joining Swarmer, he managed external communications and media relations for several programs at L3Harris Technologies, including the VAMPIRE Counter-UAS system, which has been used extensively in Ukraine. Kasper's career began in 1996 as a Public Affairs Officer for the U.S. Navy where he personally conducted more than 500 media embarkations during kinetic operations in Kosovo, Afghanistan, and Iraq, served as the spokesperson for a nuclear-powered aircraft carrier, and was selected to be a member of the Navy's flight demonstration squadron, the Blue Angels. As a reservist, he served as a strategic public affairs advisor to senior leaders at U.S. Southern Command and U.S. Transportation Command, and he deployed for a year to Cuba as Director of the Joint Information Bureau for Joint Task Force Guantanamo in 2020. He retired from the Navy Reserve on June 1, 2026, as a highly decorated captain. Serhii Kupriienko to Lead New Innovation Unit, Swarmer Labs. Serhii Kupriienko will continue as Chief Executive Officer (Global), with his focus shifting to defining and executing the Company’s long-term technology and innovation strategy. Kupriienko will now lead Swarmer Labs, the Company's newly created advanced research and innovation division. Under his leadership, Swarmer Labs will accelerate the development of next-generation artificial intelligence and autonomous technologies designed for the modern battlefield. Alexander Fink's Oversight Expands to Include HR, Finance, and Operations. In connection with the management realignment, Fink's responsibilities have been expanded to include oversight of the Company's human resources, finance, and operations in addition to his existing responsibilities as Chief Executive Officer (U.S.) and President. Fink will now report directly to Swarmer's board of directors. Live News • Jul 03
Swarmer Teams With Tekmara and FIU on Autonomous Drone Swarms for Environmental Restoration Swarmer announced a collaboration with Tekmara and Florida International University to apply its autonomous drone swarm software to coastal restoration and environmental monitoring, including synchronized air, surface and underwater operations for mangrove and oyster reef habitats.
The project extends Swarmer’s autonomy technology from military use into commercial and public-sector environmental work, potentially opening new end markets such as large-scale ecosystem monitoring and marine conservation programs.
Swarmer’s share price is US$42.93, with the stock up 38.5% year to date, and the company reported a more than 6% share price rise immediately after this environmental collaboration was announced.
This move puts Swarmer’s core software in front of academic partners and government-linked restoration initiatives, which could influence future funding, regulatory relationships and commercialization paths, but it also introduces execution risk as the company adapts defense-grade systems to complex civilian and scientific use cases. Buy Or Sell Opportunity • Jun 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to US$44.31. The fair value is estimated to be US$57.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has grown by 67%. Revenue is forecast to grow by 5,798% in a year. Earnings are forecast to grow by 67% in the next year. Live News • Jun 30
Swarmer Expands SkyKnight Contract to Czech Republic Adding $1m and New Customers Swarmer reported an updated contract between its subsidiary Swarmer Estonia OÜ and Meta Bureau LLC, adding $1m of revenue and bringing the total contract value to $3.87m, with potential to reach $14.2m if all options are exercised, including new SkyKnight software licenses for Czech-based Progress TRW S.R.O. and higher autonomy license purchases by Meta Bureau.
The deal expands Swarmer’s swarming software into the Czech Republic for military operations and deepens demand from both an existing customer and a new regional customer, which management presents as a commercial step beyond a routine renewal.
Swarmer’s share price is $48.40, with the stock up 56.1% year to date, while the company reports this contract as increasing recurring revenue tied to its SkyKnight platform.
The read-through is that Swarmer is tying more of its revenue to software licenses across additional geographies, but investors still need to judge how reliably these option values convert into realized revenue. Live News • Jun 11
Swarmer Shares Fall as Up to 3 Million New Shares Registered for Possible Sale Swarmer filed a prospectus to register up to 3,000,000 shares of common stock for resale tied to a new equity purchase agreement called the Lucid Liquidity Line.
Under this agreement, Swarmer may issue and sell up to 3,000,000 shares to Lucid Capital Markets over time, effectively setting up an equity-based liquidity source.
Following the filing announcement, Swarmer stock saw a significant decline in after-hours trading.
The key takeaway is that Swarmer is opening access to additional capital through potential future share issuances, which can support operations or growth plans but also introduces the possibility of shareholder dilution if the full capacity is used.
You may want to watch how actively Swarmer draws on this Lucid Liquidity Line, because the pace and pricing of any share sales could influence both trading sentiment and your view of the stock’s risk-reward profile. Buy Or Sell Opportunity • Jun 02
Now 39% overvalued The stock has been flat over the last 90 days, currently trading at US$78.52. The fair value is estimated to be US$56.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has grown by 14%. Revenue is forecast to grow by 5,798% in a year. Earnings are forecast to grow by 67% in the next year. Reported Earnings • May 15
First quarter 2026 earnings released First quarter 2026 results: US$0.28 loss per share. Net loss: US$4.46m (flat on 1Q 2025). Revenue is forecast to grow 79% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Aerospace & Defense industry in the US. New Risk • May 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.9m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Revenue is less than US$1m (US$310k revenue). Minor Risk Less than 3 years of financial data is available. Live News • May 13
Swarmer Shares Jump 40% After CNBC Highlights Defense Drone Growth and Pentagon Contracts Swarmer stock jumped over 40% after Jim Cramer highlighted it on CNBC as a key military drone play alongside Red Cat Holdings and AEVEX Aerospace.
Cramer described Swarmer as a “natural” fit in the drone sector, citing Pentagon demand and federal support for companies working on defense technology.
The company holds U.S. defense contracts, including a US$2.86 million award to equip SkyKnight drones, and currently has solid cash reserves with minimal debt, although it reports limited revenue and ongoing net losses and trades at higher valuation multiples than many aerospace and defense peers.
The sharp move in the stock appears closely tied to media attention and optimism around defense spending rather than a broad change in Swarmer’s current financial profile.
Investors may want to weigh the appeal of government-backed contracts and a strong balance sheet against the reality of limited revenue, continuing losses and elevated valuation levels that may leave the stock sensitive to shifts in sentiment or contract timing. Announcement • May 01
Swarmer, Inc to Report Q1, 2026 Results on May 13, 2026 Swarmer, Inc announced that they will report Q1, 2026 results Pre-Market on May 13, 2026 Announcement • Apr 26
Swarmer, Inc Appoints Mykhailo Nestor as Chief Product Officer Swarmer Inc. announced the appointment of Mykhailo Nestor as chief product officer. In this role, Nestor will lead product strategy and development of Swarmer's software platform, which has supported more than 100,000 real-world combat missions in Ukraine since April 2024. Nestor joins Swarmer from Kyivstar Group Ltd., a part of the global telecommunications group VEON Ltd. At Kyivstar, Ukraine's largest digital operator with a market capitalization of approximately $2.8 billion, Nestor served as chief product officer and board member for seven years. During his tenure, he built and led the product organization responsible for large-scale digital platforms and services used by millions of customers. He also helped establish Kyivstar.Tech, a dedicated technology company focused on modern digital product development. Prior to Kyivstar, Nestor held leadership roles across the product and technology sectors. He served as a product leader at Creatio, where he worked on enterprise customer relationship management and process automation products, and founded the startup LifeTracker.io. Earlier in his career, he helped build Havas Digital, where he led digital marketing, production and technology projects for major international and regional companies. 