Record Full-Year Revenue Growth
Full-year 2025 revenue reached $7.7 million, a 17.8% increase versus 2024, driven primarily by product sales ($6.86M) with services contributing $861k.
Strong Cash Position and Financing
Year-end cash of about $90.1 million (vs $6.2M at end of 2024) and a subsequent $50 million registered direct offering, leaving the company with a very strong balance sheet and working capital surplus (~$95.2M).
Outrider Product Launch — Major Operational Capability
Introduced the Outrider heavy-lift platform (9-foot span) capable of ~7 hours endurance and up to 100 lb payload (diesel variant), designed for multi-mission border operations (ISR, comms hub, resupply, interdiction).
Expanding Integrated Product Line and Payload Flexibility
Broad product lineup from small FPV (Flex) to Commander 3XL (workhorse ~22 lb carry) to heavy-lift platforms; heavy-lift diesel variants extend endurance to ~7 hours and enable novel integrations (e.g., landmine-clearing carpet).
Meaningful Commercial and Military Wins
Secured multiple military orders (including U.S. Army FPV drones), strategic sales to public safety (Cochise County Southern Border program) and a Fortune 50 telecom standardizing on heavy-lift drones for post-disaster cell tower deployment.
Strategic Partnerships and Integrations
Formed strategic partnerships and integrations with Palladyne (swarming AI), Defense Prime Global Ordnance (DLA/primes partnership), and Autonome (landmine-clearing integration), expanding addressable markets and solution capability.
Commercialization & Demonstrations Creating New Verticals
Successful field demonstrations (Cochise County capabilities day, AUSA showcase) and blue‑ocean border-management opportunities have generated international interest and inbound demand in Asia-Pacific and Middle East.
Experienced Talent and Operational Scaling
Strengthened leadership and military sales capability with hires of Victor Meyers and Keith Kimmel (operational/military experience) and continued resourcing up to scale sales, integration, and field operations.