SWMR 8-K SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

SWMR ▲ +20.39% at T+5d

NEUTRAL call ✓ call won +20.39% · α vs SPY +21.10% · entry $29.53 → $35.55

Next anchor: T+20d due 4d ago

Last close $45.19 (close Jun 12) · +53.03% from $29.53 entry

Entry anchored
May 13, 04:03 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α -0.01%

$29.53

settled 5w ago

T+5d

+20.39%

call +20.39% · α +21.10%

$35.55

settled 26d ago

T+20d

—

call — · α —

—

due 4d ago

T+60d

—

call — · α —

—

in 8w

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Executive Summary

Swarmer reported Q1 2026 results with revenue collapsing 81.6% YoY to $20,325 as its largest customer wound down, and net loss widened to $4.5M from $0.7M. EPS of -$0.28 missed consensus of -$0.11 by 154.5%. The company completed its IPO, raising $17.3M net, ending the quarter with $23.5M cash. Operational highlights include a $2.8M software license contract and Japan expansion, but the near-term outlook is heavily dependent on converting MoUs into revenue.

Key Financial Metrics

Free Cash Flow

-$4.4M

Actionable Insight

Monitor customer diversification and conversion of MoUs into binding contracts; cash runway at current burn rate (~$4.3M/quarter) is ~5.5 quarters. Upcoming catalysts include Japan market entry progress and interceptor kit development milestones.

Key Facts

Q1 2026 revenue $20,325 vs $110,704 YoY, down 81.6% due to customer wind-down
Net loss widened to $4.5M from $0.7M YoY
EPS -$0.28 missed consensus -$0.11 (miss of 154.5%)
IPO raised $17.3M net; cash balance $23.5M at quarter end
Awarded $2.8M contract for 16,000+ software licenses
Expanded into Japan with Rakuten Group support

Financial Impact

Revenue declined 81.6% YoY to $20,325; net loss widened to $4.5M from $0.7M; EPS -$0.28 missed consensus of -$0.11 by 154.5%.

revenuenet incomeeps

Risk Factors

Extreme customer concentration (largest customer ended relationship)
Negative operating cash flow of -$4.3M in Q1
Early stage with minimal revenue and uncertain path to scale

Market Snapshot

Exchange

Nasdaq

Sector

Services-Prepackaged Software

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-060388
Document: tm2614560d1_8k.htm	0001104659-26-060388
Document: 0001104659-26-060388-index-headers.html	0001104659-26-060388
Document: 0001104659-26-060388-index.html	0001104659-26-060388
Document: 0001104659-26-060388.txt	0001104659-26-060388
8-K Data (Synthetic)	0001104659-26-060388

5 reports for SWMR

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SWMR — sortable, filterable
	Type				Now
Jun 10, 2026 4d ago	8-K NEUTRAL ★ 4/10	$50.00 awaiting T+5	awaiting T+5	—	$45.19 (−9.62%)
Jun 10, 2026 4d ago	S-1 NEUTRAL ★ 5/10	$56.42 awaiting T+5	awaiting T+5	—	$45.19 (−19.90%)
May 13, 2026 4w ago	8-K MIXED ★ 5/10	$29.53 $35.55	▲ +20.39%	▲ +21.10%	$45.19 (+53.03%)
May 13, 2026 4w ago	Press Release BEARISH ★ 7/10	$30.29 $30.72	▼ −1.42%	▼ −2.58%	$45.19 (−49.19%)
Mar 17, 2026 12w ago	EFFECT NEUTRAL ★ 6/10	$31.00 $35.38	▲ +14.13%	▲ +16.78%	$45.19 (+45.77%)

US Market Status

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