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Swarmer (SWMR) Q3 2026 Earnings Call Transcript
The Motley Fool·
Swarmer announced a strategic pivot toward becoming an end-to-end autonomous defense hardware and software provider. The company is acquiring Ratel Robotics, a major Ukrainian UGV manufacturer with 37% market share in government procurement, and acquiring IP from Vataga Drone. Swarmer also signed an MOU to manufacture air defense systems for Vectus Air Defense Systems. Q3 revenue declined to $26K from $36K YoY as the company focuses on support services, while net losses widened to $9.3M from $3.4M. Cash position strengthened to $37.3M. Ratel projects Q4 2026 revenue of $35-40M with 13-17% operating margins.
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