Swarmer Stock Price Slides 30% After IPO Frenzy, but SWMR Still Trades More Than 7x Above Offer
Swarmer shares plunged 30.1% to $36.71 Friday, still over seven times the $5 IPO price set March 18. The drone-software company reported 2025 revenue of $309,920 and an $8.53 million net loss, with most sales tied to a single customer and no U.S. military contracts. The stock’s small float has fueled sharp price swings.