GlobeNewswire·Nov 9, 2026, 4:05 PM ET

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, a 170% increase 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, including $4.4 million from a U.S. Department of War contract.
Amaero completed its U.S. IPO & Nasdaq listing in October 2026, issuing 5,012,697 shares at $4.25 per share to raise $17.0 million in net proceeds.
Fourth quarter 2026 revenue guidance is set between $4.5 million & $5.0 million, implying full year 2026 revenue of $16.0 million to $16.5 million, a 154% to 162% increase from 2025.
The company resumed titanium powder production in late July 2026 after a six-week pause for safety reviews, with no order cancellations or employee attrition during the interruption.
Amaero secured its first Low-Rate Initial Production (LRIP) contract with Bechtel Plant Machinery, Inc. for $0.3 million to support the U.S. submarine industrial base.
The company commissioned a third EIGA Premium atomizer in June 2026 & a custom titanium sieving system in August 2026, expanding titanium throughput capacity by approximately 100%.
Third quarter gross loss was $4.4 million due to restart costs & reduced yields from the titanium production pause & new sieving system optimization.
Net loss attributable to stockholders was $9.1 million ($0.38 per share) for the third quarter, compared to $4.1 million ($0.20 per share) in the prior year period.
Total operating expenses were $4.4 million, including $0.6 million in one-time costs related to the redomiciliation & IPO, while research & development expenses fell to $0.1 million.
Amaero amended its EXIM Bank Credit Agreement in October 2026 to reduce collateral requirements & extend liquidity covenant testing dates to 2028.
Cash & cash equivalents were $19.3 million as of October 31, 2026, with plans to use up to $10.0 million of IPO proceeds for capital equipment purchases.
The company aims to commission an argon gas recycling plant in Q1 2027 & a fourth EIGA Premium atomizer in June 2027.

Company: Amaero Inc.
Keywords: Australian Stock Exchange:3DA, Amaero Inc.