Swarmer Stock Surges Again After IPO as Ukraine-Tested Drone Software Draws Wall Street
Swarmer shares soared 77% to $55 on Wednesday, following a 520% surge from its $5 IPO price. The Austin-based drone software firm raised $14.7 million in its offering, but 2025 revenue fell to $309,920 and net loss widened to $8.5 million. Its software has supported over 100,000 combat missions in Ukraine. The company reported no material business with its main customer going forward.