• For the full year, the company expects total revenue between $600 million and $620 million.
• CEO Todd Booth stated that the firm remains focused on scaling efficiently, strengthening margins, and investing in autonomy and software capabilities aligned with long‑term customer demand.
• The company also secured a new $15.6 million contract from the United States Air Force.

Shares of dronemaker Aevex Corp. (AVEX) soared on Thursday after the company reported its first quarterly results since going public, ahead of average analyst expectations, driven by robust demand for its autonomous systems and mission software.

At the time of writing, AVEX stock was up more than 8% in early premarket trading.

AVEX Q1 Results At A Glance

For the first quarter (Q1), the company’s total revenue more than quadrupled to $216.7 million, and came ahead of the $134.5 million consensus estimate polled by Koyfin.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $36.4 million, topping the $17.4 million estimate. Earnings per share (EPS) were $0.22, beating the consensus estimate of an EPS of $0.04.

For the full year, the company expects total revenue between $600 million and $620 million, above the $585 million estimate, and adjusted EBITDA between $88 million and $94.5 million, exceeding the $87.9 million estimate.

“As we move further into the year, we remain focused on scaling efficiently, strengthening margins, and investing in autonomy and software capabilities aligned with long‑term customer demand,” said CEO Todd Booth.

New US Air Force Contract

The company also announced that it secured a new $15.6 million contract from the United States Air Force to support advanced unmanned aircraft mission capabilities and modular airborne system integration efforts. The award immediately follows an $18.5 million contract to deliver autonomous aircraft for one-way attack missions.

The contracts stem from soaring demand in the defense sector, especially for drones and pilotless systems, amid worldwide geopolitical instability, which has led superpowers and other nations to bolster their attack capabilities.

What Retail Thinks About AVEX

On Stocktwits, retail sentiment about AVEX remained ‘bearish’ amid ‘high’ message volumes over the last 24 hours.

One user on the platform said the company is firing on all cylinders.

Another user called the company the need of the hour.

AVEX stock has been largely flat since going public in late April.

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