{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-125211","form_type":"8-K","ticker":"SWMR","cik":"0002092574","company_name":"Swarmer, Inc","filed_at":"2026-11-10T21:22:02+00:00","discovered_at":"2026-11-10T21:23:00.439401+00:00","generated_at":"2026-11-10T21:23:08.547936+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Swarmer Q3 revenue falls to $25,554, net loss widens to $9.3M; Ratel UGV deal nears close","bullets":["Revenue was $25,554 vs $35,771 a year earlier; gross loss was $47,093 vs a $9,670 gross loss in Q3 2025.","Net loss ~$9.3M vs ~$3.4M prior year; operating expenses ~$9.4M vs $0.8M, including $1.7M noncash stock-based compensation.","Cash and equivalents $37.3M at Sept. 30 vs $25.3M at June 30, increase driven primarily by equity line of credit proceeds.","Ratel Robotics UGV deal signed Sept. 9, 2026; stockholders approved share issuance Nov. 2; closing expected November; Ratel 9M 2026 revenue $42.1M (unaudited).","Ratel Q4 outlook $35M-$40M revenue at 13%-17% operating margin with $65.1M backlog; Vectus MOU targets 40 then 80 air defense systems at $5M-$6M MSRP each."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-125211","json":"https://secwatch.observer/filing/0001104659-26-125211.json","markdown":"https://secwatch.observer/filing/0001104659-26-125211.md","text":"https://secwatch.observer/filing/0001104659-26-125211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2092574/000110465926125211/0001104659-26-125211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2092574/000110465926125211/tm2629384d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T21:23:08.547936+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}