<span item_type="fundamental" item_id="5ae659e6535201ca86332b93289372f9" counter_id="ST/US/SWMR" env="prod"></span><span item_type="announcement" item_id="648031914862904321" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 20.33 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.28.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -4.562 M.</p><p></p><h4>Revenue</h4><p>Revenue for Q1 2026 was $20,325, a decrease from $110,704 in Q1 2025. This decline was attributed to the wind-down of service-related deferred revenue from Swarmer, Inc’s largest historical customer in Ukraine, with no future revenue expected from this customer.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Gross Profit</h4><p>Gross profit for Q1 2026 was - $19,599, compared to $65,162 in Q1 2025, primarily driven by lower revenue during the period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Operating Expenses</h4><p>Operating expenses for Q1 2026 increased to $4.5 million, up from $0.8 million in Q1 2025. This rise was mainly due to higher consulting and professional services expenses associated with becoming a public company, alongside increased investment in engineering and product development initiatives.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Net Income (Loss)</h4><p>Net loss for Q1 2026 was - $4.5 million, compared to a net loss of - $0.7 million in Q1 2025, primarily reflecting the higher operating expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents totaled $23.5 million at March 31, 2026, an increase from $9.3 million at December 31, 2025. This increase primarily reflects gross proceeds of approximately $17.3 million from Swarmer, Inc’s initial public offering and approximately $3.5 million from the sale of Series A-1 convertible preferred stock.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was - $4,277,048 for Q1 2026, compared to - $681,797 for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities was - $124,331 for Q1 2026, primarily due to the purchase of property and equipment. There were no investing activities in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Cash Flow from Financing Activities</h4><p>Cash provided by financing activities was $18,616,305 for Q1 2026, which included $16,015,000 from the initial public offering (net of underwriting discounts) and $3,472,095 from the sale of Series A-1 convertible preferred stock. No financing activities were reported for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Operational Highlights</h4><p>During Q1 2026, Swarmer, Inc successfully listed on the Nasdaq Capital Market, raising $17.3 million in cash proceeds from its initial public offering. The company was also awarded a $2.8 million contract for over 16,000 software licenses for SkyKnight quadcopter bombers and other unmanned aerial vehicles.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p><h4>Outlook / Guidance</h4><p>Swarmer, Inc aims to expand adoption across a wider range of unmanned platforms and deepen integration with leading manufacturers. The company plans to support programs as they transition from development into scaled deployment. Swarmer, Inc aspires to become a foundational software layer for autonomous and collaborative systems to enable long-term growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2092574/000110465926060388/tm2614560d1_ex99-1.htm"></span></p>

Swarmer | 8-K: FY2026 Q1 Revenue: USD 20.33 K