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GlobeNewswire·

Amaero Reports Third Quarter 2026 Results, Provides Fourth Quarter 2026 Revenue Guidance

AMRO
  • Amaero Inc. reported third quarter 2026 revenue of $4.1 million, a 35% increase year-over-year, with nine-month revenue reaching $11.5 million, up 170% year-over-year.
  • The company's backlog stood at $13.4 million as of September 30, 2026, representing a 96% increase from year-end 2025.
  • Amaero completed its U.S. IPO & Nasdaq listing in October 2026, raising $17.0 million in net proceeds.
  • Fourth quarter 2026 revenue guidance is set at $4.5 million to $5.0 million, projecting full-year 2026 revenue of $16.0 million to $16.5 million.
  • The company secured a $4.5 million U.S. Department of War contract for refractory alloy powder development & a $0.3 million Low-Rate Initial Production contract with Bechtel Plant Machinery.
  • Titanium powder production resumed in late July 2026 after a six-week pause for safety reviews, with throughput capacity expanded by approximately 100% via new sieving systems.
  • Amaero commissioned a third EIGA Premium atomizer in June 2026, bringing total annual capacity to approximately 680 metric tons of metal powders.
  • Third quarter gross loss was $4.4 million due to restart costs & lower yields from titanium production optimization, while net loss totaled $9.1 million.
  • Cash & cash equivalents reached $19.3 million as of October 31, 2026, following IPO proceeds & an amendment to reduce EXIM Bank collateral requirements.
  • The company plans to utilize up to $10.0 million of IPO proceeds for capital equipment over the next 12 months.