Strong Revenue Growth:
Revenue more than doubled in 2025 and accelerated through 1H 2026, with Q2 2026 reaching about $16.7M and first-half revenue of $24.8M. The mix pivoted toward enterprise component sales, which became the primary driver by 2025 and dominated in early 2026.
Investor Backing & Capital Strength:
The company raised substantial equity, including a $60M at-the-market offering completed May 29, 2026, and reported roughly $229.6M in cash and $86.8M in investments as of June 30, 2026. This capital base is being deployed into facilities, equipment, inventory, and headcount to support scaling.
Future-Ready Strategy:
Emphasis on NDAA-compliant, U.S.-made components and Blue UAS/Framework alignment positions the firm to benefit from policy-driven shifts away from Chinese supply chains. Orlando-based manufacturing build-out and the Fat Shark/Rotor Riot acquisitions underpin access to FPV and defense-adjacent demand.
