Swarmer Q2 2026 revenue up 57% to $216K; net loss widens to $7.3M

Swarmer, Inc

Q2 2026 revenue $216,413 vs $138,206 YoY; gross margin $183,597 vs $82,030.
Net loss $(7.3)M vs $(1.6)M YoY; operating expenses $7.5M vs $854,847 on public-company costs.
SkyKnight contracted license value raised to $3.9M from $2.9M; max value ~$14.2M if options exercised.
Cash $25.3M at June 30, 2026 vs $9.3M at Dec 31, 2025; raised $16M IPO net, $8.8M equity line, $3.5M preferred.
Partnerships: Oak Grove (Chimera UAV), Lantronix compute platform, Powerus MOU, Brightline, Molfar, Tekmara/FIU.

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