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Swarmer Inc. shares extended their rally on the second day of their Nasdaq debut, soaring about 110% on Wednesday after a parabolic 520% rise the previous day.
Swarmer (SWMR) shares were hovering at $54 at the time of writing, up by about 75%, after touching a high of $65. The stock experienced volatility in Wednesday’s trading session, with a trading halt for 5 minutes.
Retail sentiment on Stocktwits around Swarmer trended in the ‘bullish’ territory, with message volumes at ‘extremely high’ levels as users debated the company’s business and valuation post the initial public offering (IPO).
A bullish user on the platform believes the company would be worth billions in the next few months.
Another user opined that, given its low float, the stock can move higher quickly when it gets attention.
Swarmer priced its IPO at $5 per share, offering three million shares to raise $15 million. The company’s market capitalization has surged to nearly $680 million following its debut.
During an interview with the Schwab Network on Tuesday, Swarmer CEO Alex Fink stated that the company’s technology enables one person to set objectives and control multiple drones.
“Humans are great at making life or death decisions, but they are not great at reacting to data in real time, or helping hundreds of drones coordinate in real time,” Fink said during the interview, adding that it’s best to leave this aspect to AI and software to implement the objectives in the best way possible.
The company stated in its regulatory filing that its platform has been deployed in Ukraine with over 100,000 real-world missions in active combat environments.
“The company’s technology has not only survived combat conditions in Ukraine; it has improved because of them. This distinction matters deeply in an industry where many solutions are conceived for yesterday’s threats or optimized for controlled environments,” said Swarmer’s Non-Executive Chairman, Erik Prince.
Swarmer reported $309,220 in fiscal 2025 revenue, down about 6% year-on-year. The company’s net loss ballooned to $8.5 million in 2025, from $2.1 million in 2024. This was driven in part by a 280% YoY rise in operating expenses, according to the company’s filing.
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